12736 Wedgedale Ct · Marlton, MD 20772

$364,000

3 bd · 3.5 ba · 1,452 sqft · Townhouse public records · 15 Days on market

Built 1991 1,804 sqft lot $251/sqft · 8% below area Est $394k · 8% under $75/mo HOA · 2% of rent

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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).

• ARV discount +10.9/15.0
• Cash flow +10.3/30.0
• Rent growth +5.0/5.0
• 1% rule +3.3/10.0
• Livability +3.3/5.0
• DSCR +2.9/10.0
• Condition / age +2.5/5.0
• Schools +1.7/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Watch your buyer fall in love w/ this renovated 4BR 3FB 1HB townhome. Features include: updated kitchen w/ SS appliances & granite counter, hardwood floors on the main level, new carpet, fresh paint, fully finished basement, new hot water heater, new compressor, deck, fenced back yard and more!

Key facts

• Living room
• Rec room
• Utility laundry room

Tags

• EAT-IN KITCHEN
• LIVING ROOM
• REC ROOM
• UTILITY LAUNDRY ROOM
• BONUS ROOM
• DECK OFF LIVING ROOM

What this means for you Summary

Snapshot

• This is a 3-bed/3.5-bath townhouse listed at $364k.

Deal economics

• At list price, monthly cash flow is $-202 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $328k (9.8% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $303k (16.8% below list).
• Recommended offer: $303k (16.8% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 66/100 on livability (#224 in MD) — a middle-class / working-renter tenant base. Strengths: employment A+, housing A+; Watch: schools D+, amenities F, commute F.
• Prince George'S County Public Schools (suburban): math 8% / reading 24% proficiency, ranked #21 of 24 in MD (top 88%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: Rents rising fast (+9.8%/yr); 309 active listings in the ZIP; 9 comparable units currently listed for rent nearby; rentals leasing fast (median 13d on market — plan ~1-2 weeks tenant-placement turnaround); high-income renter base; 1,481 units permitted in Prince George's County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $3k of loan paydown is wiped out by about $11k of value loss. Plan a longer hold.
• Prince George's County population projected at +18% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 15 days — a 2% lower offer ($359k) is reasonable based on typical stale-listing flexibility.
• 11 sale attempts since 15y ago; this cycle's ask is 16% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
• Current owner paid $310k; 17% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: moderate wind risk, 25% chance of damaging wind over 30y; extreme-heat days projected 7→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $302,891 (16.8% 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. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
5. 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?
6. 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.
7. 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.
8. 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: 0.83% ✗
• Cap rate: 5.63%
• Cash-on-cash: -2.38%
• DSCR: 0.89
• GRM: 10.0

CMA / ARV

• ARV (median comp): $394,100
• List price: $364,000
• Delta: -20.50%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
12824 Town Center Way	0.08mi	3/2.5	1,504 (+4%)	2mo	$400,000	$266	85
12819 Carousel Ct	0.11mi	3/3.0	1,408 (-3%)	9mo	$380,000	$270	80
8500 Biscayne Ct	0.26mi	2/3.5 (-1)	1,468 (+1%)	4mo	$365,000	$249	78
12608 Marlton Center Dr	0.21mi	4/3.5 (+1)	1,374 (-5%)	1mo	$375,000	$273	75
8401 Old Colony Dr S	0.24mi	3/2.5	1,558 (+7%)	5mo	$375,000	$241	68
8603 Sweet Rose Ct	0.29mi	3/2.5	1,384 (-5%)	8mo	$410,000	$296	68
8604 Binghampton Pl	0.30mi	3/2.5	1,540 (+6%)	6mo	$367,000	$238	67
12921 Marlton Center Dr	0.26mi	3/2.5	1,360 (-6%)	9mo	$420,000	$309	65
8912 Woodstock Dr W	0.44mi	3/2.5	1,540 (+6%)	3mo	$350,000	$227	62
8636 Binghampton Pl	0.37mi	3/2.5	1,540 (+6%)	9mo	$355,000	$231	61
12528 Woodstock Dr E	0.37mi	4/2.5 (+1)	1,540 (+6%)	4mo	$325,000	$211	61
9093 Florin Way	0.49mi	3/1.5	1,378 (-5%)	1mo	$340,000	$247	60

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

Projected returns pro-forma

-3.0% appreciation · 8.0% rent growth · sell at horizon

5-year hold

• IRR: -14.6%
• Equity multiple: 0.45×
• Total profit: $-55,741
• Equity at exit: $54,274

10-year hold

• IRR: 0.9%
• Equity multiple: 1.08×
• Total profit: $8,141
• Equity at exit: $31,472

Cash invested: $101,920 (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 20772

• Rents YoY: 9.8%
• Active inventory: 309
• Price-to-rent: 10.0×

Monthly cashflow live

• Estimated rent: $3,029 high
• Mortgage (P&I): −$1,909
• Tax from tax record: −$459 /mo · $5,511/yr
• Insurance: −$152
• HOA: −$75
• Vacancy / Maint / Mgmt: −$636
• Net cashflow: $-202

Break-even live

Break-even rent $3,284

Max offer price $328,333

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: $91,000
• Closing costs: $10,920
• Reserves months: —
• Total cash needed: —

Rent comps 9 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
12825 Town Center Way Upper Marlboro, MD	3.0	2.5	1854	$2,900	$1.56	43d	1	0.08mi
12705 Town Center Way Upper Marlboro, MD	3.0	2.5	1240	$2,700	$2.18	18d	1	0.16mi
8516 Grandhaven Ave Upper Marlboro, MD	3.0	2.5	1332	$2,900	$2.18	12d	1	0.21mi
12902 Woods View St Upper Marlboro, MD	3.0	3.5	1360	$2,695	$1.98	12d	1	0.29mi
8605 Sweet Rose Ct Upper Marlboro, MD	3.0	3.5	1600	$3,200	$2.00	5d	1	0.31mi
11904 N Marlton Ave Upper Marlboro, MD	4.0	3.0	1444	$2,900	$2.01	12d	1	0.32mi
12605 Trumbull Dr Upper Marlboro, MD	3.0	2.5	1422	$2,500	$1.76	5d	1	0.47mi
9023 Florin Way Upper Marlboro, MD	3.0	1.5	1268	$3,190	$2.52	43d	1	0.53mi
7223 Havre Turn Upper Marlboro, MD	2.0	2.0	1680	$2,650	$1.58	12d	1	1.33mi

HOA detail

• Monthly dues: $75 · $900/yr
• Likely covers: water

Listing history 44 events

1. 2026-06-18
   days on market $364,000 Active 15 DOM
2. 2026-06-17
   days on market $364,000 Active 14 DOM
3. 2026-06-16
   days on market $364,000 Active 13 DOM
4. 2026-06-15
   days on market $364,000 Active 12 DOM
5. 2026-06-13
   days on market $364,000 Active 10 DOM
6. 2026-06-10
   days on market $364,000 Active 6 DOM
7. 2026-06-08
   days on market $364,000 Active 5 DOM
8. 2026-06-07
   days on market $364,000 Active 4 DOM
9. 2026-06-04
   remarks 699-char remark
10. 2026-06-04
    pricestatusdays on marketlisting id $364,000 Active 1 DOM
11. 2026-05-05
    historical
12. 2025-05-29
    status Active
13. 2025-05-12
    status Pending
14. 2025-01-29
    listed $313,300 Active
15. 2020-11-06
    soldstatus $310,000
16. 2020-10-23
    soldstatus $310,000 Closed 302-char remark

    Show marketing remark (302 chars)

    Watch your buyer fall in love w/ this renovated 4BR 3FB 1HB townhome. Features include: updated kitchen w/ SS appliances & granite counter, hardwood floors on the main level, new carpet, fresh paint, fully finished basement, new hot water heater, new compressor, deck, fenced back yard and more!

17. 2020-10-06
    status Pending 302-char remark

    Show marketing remark (302 chars)

    Watch your buyer fall in love w/ this renovated 4BR 3FB 1HB townhome. Features include: updated kitchen w/ SS appliances & granite counter, hardwood floors on the main level, new carpet, fresh paint, fully finished basement, new hot water heater, new compressor, deck, fenced back yard and more!

18. 2020-10-02
    price $310,000 302-char remark

    Show marketing remark (302 chars)

    Watch your buyer fall in love w/ this renovated 4BR 3FB 1HB townhome. Features include: updated kitchen w/ SS appliances & granite counter, hardwood floors on the main level, new carpet, fresh paint, fully finished basement, new hot water heater, new compressor, deck, fenced back yard and more!

19. 2020-10-02
    status Active 302-char remark

    Show marketing remark (302 chars)

    Watch your buyer fall in love w/ this renovated 4BR 3FB 1HB townhome. Features include: updated kitchen w/ SS appliances & granite counter, hardwood floors on the main level, new carpet, fresh paint, fully finished basement, new hot water heater, new compressor, deck, fenced back yard and more!

20. 2020-09-27
    historical 302-char remark

    Show marketing remark (302 chars)

    Watch your buyer fall in love w/ this renovated 4BR 3FB 1HB townhome. Features include: updated kitchen w/ SS appliances & granite counter, hardwood floors on the main level, new carpet, fresh paint, fully finished basement, new hot water heater, new compressor, deck, fenced back yard and more!

21. 2020-09-24
    status Active 302-char remark

    Show marketing remark (302 chars)

    Watch your buyer fall in love w/ this renovated 4BR 3FB 1HB townhome. Features include: updated kitchen w/ SS appliances & granite counter, hardwood floors on the main level, new carpet, fresh paint, fully finished basement, new hot water heater, new compressor, deck, fenced back yard and more!

22. 2020-09-01
    listed $315,000 302-char remark

    Show marketing remark (302 chars)

    Watch your buyer fall in love w/ this renovated 4BR 3FB 1HB townhome. Features include: updated kitchen w/ SS appliances & granite counter, hardwood floors on the main level, new carpet, fresh paint, fully finished basement, new hot water heater, new compressor, deck, fenced back yard and more!

23. 2020-09-01
    historical 302-char remark

    Show marketing remark (302 chars)

    Watch your buyer fall in love w/ this renovated 4BR 3FB 1HB townhome. Features include: updated kitchen w/ SS appliances & granite counter, hardwood floors on the main level, new carpet, fresh paint, fully finished basement, new hot water heater, new compressor, deck, fenced back yard and more!

24. 2014-02-26
    historical
25. 2014-02-26
    soldstatus $207,000 Sold
26. 2014-02-26
    soldstatus $207,000
27. 2014-02-01
    status Contingent (No Kick Out)
28. 2014-02-01
    historical
29. 2014-01-31
    historical
30. 2014-01-23
    status Active
31. 2014-01-23
    listed $207,000
32. 2014-01-23
    historical
33. 2014-01-23
    listed $207,000
34. 2012-02-08
    historical
35. 2012-02-08
    historical
36. 2011-10-17
    status Active
37. 2011-10-16
    historical Expired
38. 2011-08-16
    price
39. 2011-05-10
    price
40. 2011-05-02
    price
41. 2011-03-16
    listed Active
42. 2011-03-15
    listed $175,000
43. 2005-08-16
    soldstatus $270,000
44. 1990-11-20
    soldstatus $138,876

ⓘ 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: $5,511 · $459/mo
• Projected year-2 tax: $5,511 · $459/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 4/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥103°F today · 17 d/yr by 30 yrs out
• 💨 Wind 5/10 Major 25% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $36,347
• − Mortgage interest: −$20,390
• − Property taxes: −$5,511
• − Insurance: −$1,820
• − Repairs & maintenance: −$2,908
• − Management: −$2,908
• − HOA: −$900
• − Depreciation: −$10,589
• Taxable loss: −$8,678
• Est. tax savings @ 24.0%: +$2,083
• After-tax cash flow: $-340/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: Prince George'S County Public Schools
• NCES district ID: 2400510
• Math proficiency: 8% ▼ -11.00%
• Reading proficiency: 24% ▼ -9.00%
• Median HH income: $73,967
• Composite: 16.82/100
• National rank: #9151
• State rank: #21 of 24 in MD

Livability — Marlton

• Score: 66/100
• State rank: #224
• US rank: #11234

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Marlton, MD
• County: Prince Georges County · 919,866 people
• Metro: Washington-Arlington-Alexandria, DC-VA-MD-WV
• Population (ZIP): 54,319
• Household income: $139,403
• Rent vs Own: 10.7% rent · 89.3% own
• Severe rent burden: 524.0

Population outlook (Prince George's County) Hauer SSP2

• Today (2025): 1,005,426 people
• By 2030: 1,048,416 · +4.3%
• By 2040: 1,123,425 · +11.7%
• By 2050: 1,183,220 · +17.7%
• By 2075: 1,306,202 · +29.9%
• By 2100: 1,408,179 · +40.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Black (78%)
• Race & ethnicity: Black 78% White 10% Hispanic / Latino 7% Two or more races 5% Asian 1%
• Hispanic origin (detail): Mexican 1%
• Foreign-born: 10% · Canada, China
• Languages at home: 88% English-only · Spanish 5% French/Haitian/Cajun 1% Other Indo-European 1%

Political lean MEDSL · Prince George's

• 2024 margin: Solid D (+75.2) · D 86.3% · R 11.2% · Other 2.5%
• 2008→2024 swing: -3.3pp toward R · 2008: 78.5pp · 2024: 75.2pp
• All cycles: 2024: D+75.2 2020: D+80.5 2016: D+81.0 2012: D+80.9 2008: D+78.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -184.63%
• Current HPI: 251.8236
• Rent YoY: ▲ 9.80%
• Metro: Washington-Arlington-Alexandria, DC-VA-MD-WV
• 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

+125.6% since first listed

34 events — show timeline

• 2026-05-05 Listing Removed — BRIGHT MLS
• 2025-05-29 Relisted — BRIGHT MLS
• 2025-05-12 Pending — BRIGHT MLS
• 2025-01-29 Listed $313,300 BRIGHT MLS
• 2020-11-06 Sold (Public Records) $310,000 Public Records
• 2020-10-23 Sold (MLS) $310,000 BRIGHT MLS
• 2020-10-06 Pending — BRIGHT MLS
• 2020-10-02 Price Changed $310,000 BRIGHT MLS
• 2020-10-02 Relisted — BRIGHT MLS
• 2020-09-27 Listing Removed — BRIGHT MLS
• 2020-09-24 Relisted — BRIGHT MLS
• 2020-09-01 Listing Removed — BRIGHT MLS
• 2020-09-01 Listed $315,000 BRIGHT MLS
• 2014-02-26 Delisted — MRIS
• 2014-02-26 Sold (MLS) $207,000 BRIGHT MLS
• 2014-02-26 Sold (MLS) $207,000 MRIS
• 2014-02-01 Pending — MRIS
• 2014-02-01 Delisted — MRIS
• 2014-01-31 Listing Removed — BRIGHT MLS
• 2014-01-23 Relisted — MRIS
• 2014-01-23 Listed $207,000 BRIGHT MLS
• 2014-01-23 Delisted — MRIS
• 2014-01-23 Listed $207,000 MRIS
• 2012-02-08 Delisted — MRIS
• 2012-02-08 Listing Removed — BRIGHT MLS
• 2011-10-17 Relisted — MRIS
• 2011-10-16 Delisted — MRIS
• 2011-08-16 Price Changed — MRIS
• 2011-05-10 Price Changed — MRIS
• 2011-05-02 Price Changed — MRIS
• 2011-03-16 Listed — MRIS
• 2011-03-15 Listed $175,000 BRIGHT MLS
• 2005-08-16 Sold (Public Records) $270,000 Public Records
• 1990-11-20 Sold (Public Records) $138,876 Public Records

Property tax history

+6.2%/yr

Latest (2025): $5,511 · +9.9% YoY. Source: county tax records.