29 Redare Ct · Carney, MD 21234

$270,000

3 bd · 1.5 ba · 1,320 sqft · Townhouse public records · 39 Days on market

Built 1987 1,700 sqft lot $205/sqft · 6% below area Est $287k · 6% under $17/mo HOA · 1% 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).

• Cash flow +12.2/30.0
• ARV discount +10.1/15.0
• Rent growth +4.2/5.0
• Livability +3.9/5.0
• DSCR +3.6/10.0
• 1% rule +3.2/10.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0
• Appreciation +0.0/10.0

Listing remarks

🏡 Charming Home for Sale in Parkville – 29 Redare Ct Welcome to your next chapter in this beautifully maintained home tucked away on a quiet court in the heart of Parkville. 29 Redare Ct offers the perfect blend of comfort, style, and convenience—ideal for families, first-time buyers, or anyone looking to settle into a peaceful neighborhood with easy access to everything you need. ✨ Highlights You’ll Love: Spacious, light-filled living areas perfect for relaxing or entertaining A thoughtfully designed kitchen with ample storage and workspace Generous bedrooms offering comfort and privacy A private backyard—great for gatherings, gardening, or simply unwinding Quiet cu

Key facts

• Private backyard
• $17 HOA
• Built 1987

Tags

• PRIVATE BACKYARD
• QUIET CUL-DE-SAC LOCATION
• THOUGHTFULLY DESIGNED KITCHEN

Property features AI

Finance

• Other: Total below-grade area: 640 (assessor); Above-grade finished area recorded as 1,320 (assessor)
• HOA & community: HOA fee of $52 paid quarterly

Exterior

• Parking: Parking lot
• Utilities: Public water; Public sewer
• Home design: Interior townhouse/rowhouse; Fee simple ownership; Property in very good condition
• Construction: Brick and aluminum siding with brick front; Brick/mortar foundation; Built year per assessor
• Exterior features: Townhouse on a cul-de-sac; Above- and below-grade structures

Interior

• Bedrooms: Three bedrooms on the main level
• Bathrooms: Two full bathrooms; One half bathroom
• Heating & cooling: Heat pump with electric backup; Electric heating fuel; Instant hot water; Cooling system (electric)
• Interior features: Full, fully finished basement with shelving and space for additional rooms; Level entry to main level; Living area recorded by assessor

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath townhouse listed at $270k.

Deal economics

• At list price, monthly cash flow is $-53 ($-635/yr) — negative.
• To cash-flow at today's rent, offer at most $261k (3.5% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $221k (18.1% below list).
• Recommended offer: $221k (18.1% below list) — sets the bar for 1% rule.
• Cap rate 6.1% vs local median 4.5% in Carney — 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 78/100 on livability (#73 in MD, #2,656 nationally) — a middle-class / working-renter tenant base. Strengths: housing A+, commute A, employment A; Watch: cost of living C-, amenities D+, crime D-.
• 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.
• Zoned schools: Carney Elementary (math 15% / reading 17%, grade F, #441 of 860 statewide, top 52%, 522 students, 66% FRL); Pine Grove Middle (math 11% / reading 42%, grade F, #86 of 225 statewide, top 40%, 916 students, 56% FRL); Parkville High (math 9% / reading 35%, grade F, #171 of 222 statewide, top 78%, 2,200 students, 62% FRL) — zoned schools average 61% FRL vs 39% district-wide (23 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising fast (+6.7%/yr); 234 active listings in the ZIP; 37 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 43% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 1,511 units permitted in Baltimore County in 2024 (643 in 5+ unit buildings).
• This rent runs 32% of the median local income ($84k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $8k of value loss. Plan a longer hold.
• Baltimore County population projected at +12% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 39 days — a 3% lower offer ($262k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 25y ago; this cycle's ask has dropped $90k (25%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $115k; list at $270k implies a 135% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 27% 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 $221,219 (18.1% 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. It's been on market 39 days. Have you received any prior offers? Is the seller open to a 18% concession, seller financing, or rate buy-down credit?
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. Crime grade is D 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?
6. 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?
7. 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.
8. 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.
9. 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: 0.82% ✗
• Cap rate: 6.06%
• Cash-on-cash: -0.84%
• DSCR: 0.96
• GRM: 10.2

CMA / ARV

• ARV (median comp): $286,749
• List price: $270,000
• Delta: -5.84%
• 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
9734 Red Clover Ct	0.11mi	3/1.5	1,320 (0%)	21mo	$255,000	$193	78
9744 Deltom Ct	0.14mi	2/1.5 (-1)	1,240 (-6%)	8mo	$245,000	$198	72
8560 Hydra Ln Unit 11K	0.55mi	3/2.0	1,296 (-2%)	7mo	$236,000	$182	64
8549 Ramort Dr Unit 23A	0.51mi	3/2.0	1,296 (-2%)	14mo	$242,500	$187	59
8558 Hydra Ln Unit 11J	0.55mi	3/1.5	1,440 (+9%)	4mo	$236,000	$164	56
11 Lerner Ct Unit 33I	0.58mi	3/2.0	1,206 (-9%)	4mo	$236,000	$196	53
19 Burnsway Ct Unit 9E	0.59mi	3/1.5	1,206 (-9%)	6mo	$255,000	$211	53
29 Cavan Grn	0.40mi	2/2.5 (-1)	1,390 (+5%)	19mo	$290,000	$209	47
3754 Foxford Stream Rd	0.70mi	4/3.5 (+1)	1,360 (+3%)	3mo	$315,000	$232	46
3731 Timahoe Cir	0.56mi	2/2.5 (-1)	1,390 (+5%)	13mo	$275,000	$198	45
19 Melken Ct Unit 5J	0.65mi	3/1.5	1,446 (+10%)	12mo	$225,000	$156	44
9509 Orbitan	0.71mi	3/2.5	1,470 (+11%)	8mo	$295,000	$201	37

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 · 6.68% rent growth · sell at horizon

5-year hold

• IRR: -13.8%
• Equity multiple: 0.49×
• Total profit: $-38,634
• Equity at exit: $40,258

10-year hold

• IRR: -0.1%
• Equity multiple: 0.99×
• Total profit: $-409
• Equity at exit: $23,345

Cash invested: $75,600 (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 21234

• Rents YoY: 6.7%
• Active inventory: 234
• Price-to-rent: 10.2×

Monthly cashflow live

• Estimated rent: $2,212 high
• Mortgage (P&I): −$1,416
• Tax from tax record: −$255 /mo · $3,061/yr
• Insurance: −$112
• HOA: −$17
• Vacancy / Maint / Mgmt: −$465
• Net cashflow: $-53

Break-even live

Break-even rent $2,279

Max offer price $260,656

Occupancy floor 97%

Sensitivity live

Price	-10% $100	-5% $24	+0% $-53	+5% $-129	+10% $-206
Rent	-10% $-228	-5% $-140	+0% $-53	+5% $34	+10% $122
Rate	-1.0pp $83	-0.5pp $16	base $-53	+0.5pp $-123	+1.0pp $-194

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: $67,500
• Closing costs: $8,100
• Reserves months: —
• Total cash needed: —

Rent comps 37 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
9730 Red Clover Ct Parkville, MD	3.0	1.5	1280	$2,200	$1.72	45d	1	0.12mi
9 Robinway Ct Unit 25E Nottingham, MD	3.0	2.0	1500	$2,750	$1.83	45d	1	0.46mi
24 Lerner Ct Unit 32H Nottingham, MD	3.0	2.0	1556	$2,295	$1.47	19d	1	0.54mi
8552 Hydra Ln Unit 11G Nottingham, MD	4.0	2.0	1296	$2,872	$2.22	19d	1	0.55mi
8507 Gradien Dr Baltimore, MD	3.0	1.5	1056	$2,100	$1.99	25d	1	0.62mi
55 Insley Way Nottingham, MD	2.0–3.0	1.0–1.5	820	$1,900	$2.32	14d	15	0.64mi
11 Springtowne Cir Parkville, MD	1.0–2.0	1.0–2.5	819	$1,947	$2.38	0d	21	0.65mi
9428 Orbitan Ct Parkville, MD	2.0	1.5	1670	$2,250	$1.35	45d	1	0.68mi
9702 Oakdale Ave Parkville, MD	4.0	2.0	1188	$2,000	$1.68	45d	1	0.69mi
3754 Foxford Stream Rd Nottingham, MD	4.0	4.0	1360	$2,800	$2.06	45d	1	0.70mi
8818 Blairwood Rd Nottingham, MD	1.0–2.0	1.0	900	$1,649	$1.83	0d	42	0.70mi
53 Bayberry Rd Parkville, MD	2.0–3.0	1.0–1.5	1127	$2,433	$2.16	0d	8	0.77mi
3201 E Joppa Rd Parkville, MD	3.0	1.5	1812	$2,800	$1.55	45d	1	0.88mi
105 Bourbon Ct Parkville, MD	3.0	2.5	1320	$2,150	$1.63	45d	1	0.89mi
1 Waldmann Mill Ct Nottingham, MD	2.0–3.0	1.0–1.5	1076	$2,249	$2.09	0d	11	0.91mi
8334 Tapu Ct Nottingham, MD	3.0	2.5	1302	$2,100	$1.61	16d	1	0.91mi
9608 9th Ave Parkville, MD	3.0	1.5	1040	$2,200	$2.12	6d	1	0.92mi
4219 Slater Ave Nottingham, MD	3.0	1.0	1174	$2,000	$1.70	45d	1	0.93mi
8501 Walther Blvd Nottingham, MD	1.0–2.0	1.0	780	$1,629	$2.09	0d	21	0.97mi
21 Monhegan Ct Unit 28B Nottingham, MD	3.0	2.0	1436	$1,900	$1.32	45d	1	0.97mi
2 Durness Ct Unit 30I Nottingham, MD	3.0	2.0	1446	$2,100	$1.45	45d	1	0.99mi
4236 Slater Ave Nottingham, MD	3.0	2.0	1266	$2,500	$1.97	3d	1	1.00mi
21 Kirwin Ct Parkville, MD	4.0	2.5	1800	$2,872	$1.60	19d	1	1.11mi
2924 Cub Hill Rd Parkville, MD	3.0	2.0	1770	$2,695	$1.52	45d	1	1.14mi
24 Maple Hollow Ct Parkville, MD	3.0	3.5	1600	$2,400	$1.50	45d	1	1.14mi
19 Hoban Ct Nottingham, MD	3.0	2.5	1410	$2,200	$1.56	23d	1	1.19mi
10 Darbytown Ct Nottingham, MD	3.0	2.0	1420	$1,950	$1.37	45d	1	1.20mi
9150 Parkland Rd Parkville, MD	1.0–2.0	1.0–1.5	931	$1,530	$1.64	0d	53	1.22mi
2908 5th Ave Parkville, MD	3.0	1.0	1260	$1,950	$1.55	45d	1	1.24mi
3407 Orbitan Rd Parkville, MD	3.0	1.5	1508	$2,200	$1.46	25d	1	1.25mi
9300 Carney Ave Unit A Parkville, MD	2.0	1.0	1392	$1,300	$0.93	45d	1	1.33mi
16 Pike Hall Pl Nottingham, MD	3.0	2.5	1280	$2,400	$1.88	6d	1	1.37mi
3800 Meghan Dr Unit 3C Nottingham, MD	3.0	2.0	1379	$2,100	$1.52	6d	1	1.38mi
3 Sagebrush Ct Nottingham, MD	3.0	2.0	1395	$2,100	$1.51	45d	1	1.40mi
35 Bellfalls Way Nottingham, MD	3.0	2.5	1642	$2,300	$1.40	6d	1	1.48mi
7935 Belridge Rd Nottingham, MD	1.0–3.0	1.0–1.5	974	$2,213	$2.27	0d	19	1.48mi
23 Beloak Ct Nottingham, MD	3.0	2.5	1760	$2,350	$1.34	6d	1	1.49mi

HOA detail

• Monthly dues: $17 · $204/yr

Listing history 15 events

1. 2026-06-04
   statusdays on market $270,000 Pending 39 DOM
2. 2026-06-03
   days on market $270,000 Active 38 DOM
3. 2026-06-02
   days on market $270,000 Active 37 DOM
4. 2026-06-02
   price $270,000 Active 36 DOM
5. 2026-06-01
   days on market $340,000 Active 36 DOM
6. 2026-05-31
   days on market $340,000 Active 35 DOM
7. 2026-05-04
   price $340,000 910-char remark
8. 2026-04-26
   listed $360,000 Active 910-char remark
9. 2007-06-17
   historical
10. 2007-05-20
    listed
11. 2001-12-05
    soldstatus $114,900
12. 2001-11-30
    soldstatus $114,900
13. 2001-10-16
    historical
14. 2001-10-13
    listed $114,900
15. 1987-08-11
    soldstatus $84,600

ⓘ 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: $3,061 · $255/mo
• Projected year-2 tax: $3,061 · $255/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 3/10 Moderate
• 🌡 Heat 7/10 Severe 7 d/yr ≥104°F today · 15 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 5 unhealthy d/yr today · 7 by 30 yrs out

Taxation est. · year 1

• Rental income: $26,546
• − Mortgage interest: −$15,124
• − Property taxes: −$3,061
• − Insurance: −$1,350
• − Repairs & maintenance: −$2,124
• − Management: −$2,124
• − HOA: −$204
• − Depreciation: −$7,855
• Taxable loss: −$5,295
• Est. tax savings @ 24.0%: +$1,271
• After-tax cash flow: $636/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 — Carney

• Score: 78/100
• State rank: #73
• US rank: #2656

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Carney, MD
• County: Baltimore County · 769,527 people
• City population: 65,010
• Metro: Baltimore-Columbia-Towson, MD
• Population (ZIP): 66,334
• Household income: $83,517
• Rent vs Own: 35.5% rent · 64.5% own
• Severe rent burden: 2719.0

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: Diverse neighborhood (Simpson 0.58)
• Race & ethnicity: White 58% Black 28% Asian 5% Hispanic / Latino 5% Two or more races 5%
• Common ancestry: Romanian 5% Lithuanian 1% Italian 1%
• Foreign-born: 10% · Canada, China, South Korea
• Languages at home: 89% English-only · Spanish 3% Other Indo-European 2% Tagalog/Filipino 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: ▼ -247.04%
• Current HPI: 254.3824
• Rent YoY: ▲ 6.68%
• 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

+219.1% since first listed

11 events — show timeline

• 2026-06-04 Pending — BRIGHT MLS
• 2026-06-02 Price Changed $270,000 BRIGHT MLS
• 2026-05-04 Price Changed $340,000 BRIGHT MLS
• 2026-04-26 Listed $360,000 BRIGHT MLS
• 2007-06-17 Delisted — MRIS
• 2007-05-20 Listed — MRIS
• 2001-12-05 Sold (Public Records) $114,900 Public Records
• 2001-11-30 Sold (MLS) $114,900 MRIS
• 2001-10-16 Delisted — MRIS
• 2001-10-13 Listed $114,900 MRIS
• 1987-08-11 Sold (Public Records) $84,600 Public Records

Property tax history

+2.9%/yr

Latest (2025): $3,061 · +7.9% YoY. Source: county tax records.