1407 Barrett Rd · Woodlawn, MD 21207

$273,899

3 bd · 1.5 ba · 1,424 sqft · Townhouse public records · 14 Days on market

Built 1959 1,890 sqft lot $192/sqft · 11% above area Est $249k · 10% over $2/mo HOA

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Why this score? — see what drove the D grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +11.2/30.0
• Appreciation +9.8/10.0
• Livability +3.9/5.0
• Rent growth +3.8/5.0
• DSCR +3.3/10.0
• ARV discount +3.0/15.0
• 1% rule +2.7/10.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0

Listing remarks MLS

Welcome home to this beautiful property at 1407 Barrett Rd. , offering three levels of comfortable living with 3 bedrooms and 2 baths, along with a separate dining room and living room, all located in the desirable Gwynn Oak community. This home offers the perfect combination of comfort, convenience, and lifestyle. Step inside to a warm and inviting main level featuring beautiful luxury vinyl flooring that flows throughout the living and dining areas. Filled with natural light, the home showcases a welcoming feel with neutral tones, classic charm, granite countertops, fresh paint, and nicely sized rooms. Recent updates completed in 2023 include a new roof with a 50-year warranty, all-new plumbing, luxury vinyl flooring, a new deck, fresh paint, and updated light fixtures with recessed lighting. From the kitchen, step out onto the beautiful back deck, ideal for morning coffee or unwinding at the end of the day. The fenced yard adds both convenience and versatility for pets, gardening, or play. This home is conveniently located near public transportation, shopping, and restaurants. Don’t miss out! Call Ishani Husker today with any questions or to schedule a showing before it’s gone!

Key facts

• $2 HOA
• Built 1959
• Listed 14 days

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath townhouse listed at $274k.

Deal economics

• At list price, monthly cash flow is $-106 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $255k (6.9% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $211k (22.8% below list).
• Recommended offer: $211k (22.8% below list) — sets the bar for 1% rule.
• Cap rate 5.8% vs local median 4.3% in Woodlawn — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 77/100 on livability (#78 in MD, #2,926 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, housing A+, employment A-; Watch: amenities D+, crime F.
• Baltimore County Public Schools (suburban): math 15% / reading 34% proficiency, ranked #11 of 24 in MD (top 46%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: Rents rising fast (+5.2%/yr); 126 active listings in the ZIP; 21 comparable units currently listed for rent nearby; rentals at typical pace (median 15d on market — plan ~3-4 weeks tenant-placement turnaround); 1,511 units permitted in Baltimore County in 2024 (643 in 5+ unit buildings).
• This rent runs 38% of the median local income ($67k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $28k of equity ($2k loan paydown + $26k appreciation (9.5% local appreciation)).
• Baltimore County population projected at +12% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• By year 2, paydown + projected appreciation supports a ~$45k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 14 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 25y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $90k; list at $274k implies a 205% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1959 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate wind risk, 24% chance of damaging wind over 30y; extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $211,414 (22.8% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Built in 1959 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
6. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
7. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
8. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
9. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
10. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.77% ✗
• Cap rate: 5.83%
• Cash-on-cash: -1.66%
• DSCR: 0.93
• GRM: 10.8

CMA / ARV

• ARV (median comp): $249,239
• List price: $273,899
• Delta: 9.89%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1420 Clairidge Rd	0.04mi	3/1.5	1,440 (+1%)	2mo	$314,000	$218	95
1531 Clairidge Rd	0.24mi	3/2.0	1,440 (+1%)	3mo	$320,000	$222	82
1523 Clairidge Rd	0.22mi	3/1.5	1,440 (+1%)	8mo	$208,000	$144	81
1528 Langford	0.24mi	3/1.5	1,388 (-2%)	11mo	$249,000	$179	76
5413 Channing Rd	0.49mi	3/1.0	1,459 (+2%)	3mo	$239,000	$164	68
970 St Agnes Ln	0.34mi	3/2.0	1,530 (+7%)	5mo	$275,000	$180	66
1224 Harwall Rd	0.13mi	3/2.0	1,602 (+12%)	9mo	$295,000	$184	64
1068 Craftswood Rd	0.53mi	3/1.5	1,330 (-7%)	6mo	$220,000	$165	60
1527 Ingleside Ave	0.27mi	3/1.5	1,606 (+13%)	11mo	$230,000	$143	57
1719 Stella Ct	0.55mi	3/2.0	1,590 (+12%)	2mo	$300,000	$189	51
1230 Stamford Rd	0.58mi	4/2.0 (+1)	1,520 (+7%)	5mo	$319,000	$210	51
5408 Addington Rd	0.52mi	3/1.5	1,600 (+12%)	8mo	$223,333	$140	48

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

9.5% appreciation · 5.23% rent growth · sell at horizon

5-year hold

• IRR: 22.7%
• Equity multiple: 2.80×
• Total profit: $137,870
• Equity at exit: $236,815

10-year hold

• IRR: 20.9%
• Equity multiple: 6.47×
• Total profit: $419,782
• Equity at exit: $500,486

Cash invested: $76,692 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 27 Tenant-Leaning
• State Maryland: 27 Tenant-Leaning · D+14
• County: — inherits STATE
• City: — inherits STATE

Failure-to-pay is dismissed if cured before judgment; Baltimore has just-cause; strict deposit rules.

Methodology + full state rankings →

ZIP-level market 21207

• Home prices YoY: 1.1%
• Rents YoY: 5.2%
• Active inventory: 126
• Price-to-rent: 10.8×

Monthly cashflow live

• Estimated rent: $2,114 high
• Mortgage (P&I): −$1,436
• Tax from tax record: −$224 /mo · $2,689/yr
• Insurance: −$114
• HOA: −$2
• Vacancy / Maint / Mgmt: −$444
• Net cashflow: $-106

Break-even live

Break-even rent $2,249

Max offer price $255,111

Occupancy floor —

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $68,475
• Closing costs: $8,217
• Reserves months: —
• Total cash needed: —

Rent comps 21 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
930 Masefield Rd Unit 1 Woodlawn, MD	3.0	1.5	1080	$2,650	$2.45	2d	1	0.29mi
1530 Kirkwood Rd Gwynn Oak, MD	3.0	1.5	1424	$2,100	$1.47	10d	1	0.30mi
945 Saint Agnes Ln Gwynn Oak, MD	4.0	2.0	1500	$1,985	$1.32	17d	1	0.37mi
408 Shade Tree Pl Catonsville, MD	1.0–2.0	1.0–2.0	805	$1,812	$2.25	4d	1	0.65mi
2 Walden Birch Ct Woodlawn, MD	3.0	1.5	1022	$1,792	$1.75	4d	1	0.72mi
603 Braeside Rd Baltimore, MD	3.0	2.0	1416	$2,400	$1.69	43d	1	0.91mi
311 Harlem Ln Catonsville, MD	3.0	2.0	1152	$2,300	$2.00	4d	1	0.96mi
10 Prestwick Sq Catonsville, MD	4.0	2.5	1710	$2,500	$1.46	17d	1	1.12mi
417 Wheaton Pl Catonsville, MD	2.0	1.0	1200	$2,169	$1.81	3d	1	1.19mi
410 Winters Ln Catonsville, MD	2.0	2.0	1296	$2,000	$1.54	4d	1	1.25mi
1200 Alexander Ave Catonsville, MD	3.0	2.5	1215	$2,400	$1.98	43d	1	1.27mi
5215 Muth Ave Gwynn Oak, MD	3.0	3.0	1205	$2,700	$2.24	14d	1	1.30mi
436 Westshire Dr Catonsville, MD	4.0	2.0	1548	$2,800	$1.81	43d	1	1.31mi
51 Briarwood Rd Catonsville, MD	3.0	1.0	1200	$2,100	$1.75	43d	1	1.33mi
5364 Jamestowne Ct Baltimore, MD	3.0	1.0–1.5	787	$1,905	$2.42	4d	13	1.33mi
220 Stonecroft Rd Unit 230-D Baltimore, MD	2.0	1.5	900	$1,395	$1.55	21d	1	1.38mi
220 Stonecroft Rd Unit 232-I Baltimore, MD	2.0	1.5	900	$1,295	$1.44	17d	1	1.38mi
5136 Oaklawn Rd Gwynn Oak, MD	1.0–3.0	1.0	896	$1,710	$1.91	1d	22	1.38mi
609 Wallerson Rd Catonsville, MD	3.0	2.0	1704	$3,395	$1.99	20d	1	1.40mi
131 N Bend Rd Unit 131-1B Baltimore, MD	2.0	1.5	910	$1,225	$1.35	21d	1	1.42mi
1 Janper Ct Baltimore, MD	2.0	1.5	950	$1,500	$1.58	3d	1	1.49mi

HOA detail

• Monthly dues: $2 · $24/yr

Listing history 12 events

1. 2026-05-05
   status Pending 1211-char remark

   Show marketing remark (1211 chars)

   Welcome home to this beautiful property at 1407 Barrett Rd. , offering three levels of comfortable living with 3 bedrooms and 2 baths, along with a separate dining room and living room, all located in the desirable Gwynn Oak community. This home offers the perfect combination of comfort, convenience, and lifestyle. Step inside to a warm and inviting main level featuring beautiful luxury vinyl flooring that flows throughout the living and dining areas. Filled with natural light, the home showcases a welcoming feel with neutral tones, classic charm, granite countertops, fresh paint, and nicely sized rooms. Recent updates completed in 2023 include a new roof with a 50-year warranty, all-new plumbing, luxury vinyl flooring, a new deck, fresh paint, and updated light fixtures with recessed lighting. From the kitchen, step out onto the beautiful back deck, ideal for morning coffee or unwinding at the end of the day. The fenced yard adds both convenience and versatility for pets, gardening, or play. This home is conveniently located near public transportation, shopping, and restaurants. Don’t miss out! Call Ishani Husker today with any questions or to schedule a showing before it’s gone!

2. 2026-04-21
   listed $273,899 Active 1211-char remark

   Show marketing remark (1211 chars)

   Welcome home to this beautiful property at 1407 Barrett Rd. , offering three levels of comfortable living with 3 bedrooms and 2 baths, along with a separate dining room and living room, all located in the desirable Gwynn Oak community. This home offers the perfect combination of comfort, convenience, and lifestyle. Step inside to a warm and inviting main level featuring beautiful luxury vinyl flooring that flows throughout the living and dining areas. Filled with natural light, the home showcases a welcoming feel with neutral tones, classic charm, granite countertops, fresh paint, and nicely sized rooms. Recent updates completed in 2023 include a new roof with a 50-year warranty, all-new plumbing, luxury vinyl flooring, a new deck, fresh paint, and updated light fixtures with recessed lighting. From the kitchen, step out onto the beautiful back deck, ideal for morning coffee or unwinding at the end of the day. The fenced yard adds both convenience and versatility for pets, gardening, or play. This home is conveniently located near public transportation, shopping, and restaurants. Don’t miss out! Call Ishani Husker today with any questions or to schedule a showing before it’s gone!

3. 2026-04-16
   historical $273,899 1211-char remark

   Show marketing remark (1211 chars)

   Welcome home to this beautiful property at 1407 Barrett Rd. , offering three levels of comfortable living with 3 bedrooms and 2 baths, along with a separate dining room and living room, all located in the desirable Gwynn Oak community. This home offers the perfect combination of comfort, convenience, and lifestyle. Step inside to a warm and inviting main level featuring beautiful luxury vinyl flooring that flows throughout the living and dining areas. Filled with natural light, the home showcases a welcoming feel with neutral tones, classic charm, granite countertops, fresh paint, and nicely sized rooms. Recent updates completed in 2023 include a new roof with a 50-year warranty, all-new plumbing, luxury vinyl flooring, a new deck, fresh paint, and updated light fixtures with recessed lighting. From the kitchen, step out onto the beautiful back deck, ideal for morning coffee or unwinding at the end of the day. The fenced yard adds both convenience and versatility for pets, gardening, or play. This home is conveniently located near public transportation, shopping, and restaurants. Don’t miss out! Call Ishani Husker today with any questions or to schedule a showing before it’s gone!

4. 2001-12-05
   soldstatus $89,900
5. 2001-11-26
   soldstatus $89,900
6. 2001-09-20
   historical
7. 2001-09-05
   listed $89,900
8. 2001-09-05
   historical
9. 2001-08-31
   listed
10. 1992-01-07
    soldstatus $87,750
11. 1992-01-07
    soldstatus $87,750
12. 1982-06-18
    soldstatus $51,200

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast MD · Partial reset (capped growth)

• Current annual tax: $2,689 · $224/mo
• Projected year-2 tax: $2,837 · $236/mo
• Expected delta: +$148/yr (+$12/mo · 5.5%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 7/10 Severe 7 d/yr ≥103°F today · 15 d/yr by 30 yrs out
• 💨 Wind 5/10 Major 24% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $25,370
• − Mortgage interest: −$15,343
• − Property taxes: −$2,689
• − Insurance: −$1,369
• − Repairs & maintenance: −$2,030
• − Management: −$2,030
• − HOA: −$24
• − Depreciation: −$7,968
• Taxable loss: −$6,082
• Est. tax savings @ 24.0%: +$1,460
• After-tax cash flow: $183/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Baltimore County Public Schools
• NCES district ID: 2400120
• Math proficiency: 15% ▼ -16.00%
• Reading proficiency: 34% ▼ -5.00%
• Median HH income: $66,746
• Composite: 23.17/100
• National rank: #7948
• State rank: #11 of 24 in MD

Livability — Woodlawn

• Score: 77/100
• State rank: #78
• US rank: #2926

Category grades

Amenities D+ Commute A+ Cost of living B- Crime F Employment A- Housing A+ Health & safety C User ratings B-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Woodlawn, MD
• County: Baltimore County · 769,527 people
• City population: 49,599
• Metro: Baltimore-Columbia-Towson, MD
• Population (ZIP): 47,099
• Household income: $67,060
• Rent vs Own: 39.3% rent · 60.7% own
• Severe rent burden: 2139.0

Population outlook (Baltimore County) Hauer SSP2

• Today (2025): 885,518 people
• By 2030: 909,272 · +2.7%
• By 2040: 951,547 · +7.5%
• By 2050: 990,955 · +11.9%
• By 2075: 1,086,411 · +22.7%
• By 2100: 1,135,078 · +28.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Black (78%)
• Race & ethnicity: Black 78% White 8% Hispanic / Latino 7% Two or more races 5% Asian 3%
• Hispanic origin (detail): Puerto Rican 1%
• Common ancestry: Swedish 1%
• Foreign-born: 13% · Canada, Philippines, South Korea
• Languages at home: 86% English-only · Spanish 4% French/Haitian/Cajun 1% Other Asian/Pacific 1%

Political lean MEDSL · Baltimore

• 2024 margin: Strong D (+24.5) · D 61.0% · R 36.5% · Other 2.5%
• 2008→2024 swing: +9.9pp toward D · 2008: 14.6pp · 2024: 24.5pp
• All cycles: 2024: D+24.5 2020: D+27.0 2016: D+17.4 2012: D+16.4 2008: D+14.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 9.50%
• Current HPI: 843.63
• Rent YoY: ▲ 5.23%
• Metro: Baltimore-Columbia-Towson, MD
• State GDP YoY: ▲ 2.97%
• F500 in state: 12

Industry mix (Fortune 500 HQ in MD)

Industry	F500 HQs	Revenue
▸Aerospace / Defense	1	$71B
▸Utilities	1	$25B
▸Hotels	1	$24B
▸Consumer Goods	1	$7B
▸Real Estate	1	$6B
▸Chemicals	1	$2B

Price history

+435.0% since first listed

12 events — show timeline

• 2026-05-05 Pending — BRIGHT MLS
• 2026-04-21 Listed $273,899 BRIGHT MLS
• 2026-04-16 Coming Soon $273,899 BRIGHT MLS
• 2001-12-05 Sold (Public Records) $89,900 Public Records
• 2001-11-26 Sold (MLS) $89,900 MRIS
• 2001-09-20 Delisted — MRIS
• 2001-09-05 Delisted — MRIS
• 2001-09-05 Listed $89,900 MRIS
• 2001-08-31 Listed — MRIS
• 1992-01-07 Sold (Public Records) $87,750 Public Records
• 1992-01-07 Sold (Public Records) $87,750 Public Records
• 1982-06-18 Sold (Public Records) $51,200 Public Records

Property tax history

+3.6%/yr

Latest (2025): $2,689 · +5.3% YoY. Source: county tax records.