50 Robinson Landing Rd · Severna Park, MD 21146

$675,000

5 bd · 2.5 ba · 2,764 sqft · SingleFamily public records · 63 Days on market

Built 1994 6,250 sqft lot $244/sqft · 11% below area Est $756k · 11% under

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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 +12.3/15.0
• Cash flow +11.1/30.0
• Livability +3.9/5.0
• DSCR +3.2/10.0
• Schools +2.9/10.0
• 1% rule +2.5/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

OPEN HOUSE this weekend 11am - 1pm Saturday & Sunday! Welcome to 50 Robinson Landing Road in sought-after Severna Park! This spacious 5-bedroom, 2.5-bath home offers the perfect blend of comfort and functionality. Featuring a finished basement for additional living or entertaining space, there’s room for everyone to spread out. All brand-new carpeting on the upstairs. The home includes a 1-car garage, a 2-car wide driveway (room for 4 cars) and an electric vehicle charging setup—providing both convenience and modern efficiency. Enjoy outstanding water privileges, making it easy to embrace the Chesapeake lifestyle—whether it’s boating, kayaking, or simply relaxing by the water. Conveniently located near top-rated schools, shopping, and commuter routes, this home presents an incredible opportunity in a highly desirable community.

Key facts

• 6,250 sq ft lot
• Garage
• Built 1994

What this means for you Summary

Snapshot

• This is a 5-bed/2.5-bath single-family listed at $675k.

Deal economics

• At list price, monthly cash flow is $-272 ($-3k/yr) — negative.
• To cash-flow at today's rent, offer at most $627k (7.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $505k (25.2% below list).
• Recommended offer: $505k (25.2% below list) — sets the bar for 1% rule.
• Cap rate 5.8% vs local median 3.2% in Severna Park — 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 (#75 in MD, #2,690 nationally) — a middle-class / working-renter tenant base. Strengths: schools A+, employment A+, housing A+; Watch: amenities F, cost of living F.
• Anne Arundel County Public Schools (suburban): math 20% / reading 37% proficiency, ranked #10 of 24 in MD (top 42%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 147 active listings in the ZIP; 2 comparable units currently listed for rent nearby; high-income renter base; 1,303 units permitted in Anne Arundel County in 2024 (299 in 5+ unit buildings).
• This rent runs 35% of the median local income ($172k/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 $5k of loan paydown is wiped out by about $20k of value loss. Plan a longer hold.
• Anne Arundel County population projected at +17% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 63 days — a 6% lower offer ($634k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 14y ago; this cycle's ask has dropped $50k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $454k; 49% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 62% 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 $504,875 (25.2% 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 63 days. Have you received any prior offers? Is the seller open to a 25% concession, seller financing, or rate buy-down credit?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are A-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. 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: 0.75% ✗
• Cap rate: 5.81%
• Cash-on-cash: -1.73%
• DSCR: 0.92
• GRM: 11.1

CMA / ARV

• ARV (median comp): $756,113
• List price: $675,000
• Delta: -10.73%
• 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
40 Dorba Ct	0.14mi	4/3.5 (-1)	2,737 (-1%)	5mo	$695,000	$254	78
61 Marnel Dr	0.16mi	4/2.5 (-1)	2,572 (-7%)	1mo	$773,000	$301	76
624 Robinson Station Rd	0.41mi	5/3.5	2,606 (-6%)	1mo	$810,000	$311	67
634 Robinson Station Rd	0.34mi	5/3.5	2,608 (-6%)	8mo	$749,900	$288	64
51 Hill Rd	0.62mi	5/3.0	2,839 (+3%)	2mo	$792,900	$279	63
250 Oak Ct	0.69mi	4/2.5 (-1)	2,852 (+3%)	9mo	$976,000	$342	50
53 Sunset Dr	0.32mi	4/3.0 (-1)	3,150 (+14%)	10mo	$900,000	$286	46
602 Sweet Brush Ct	0.70mi	4/3.5 (-1)	2,660 (-4%)	10mo	$685,000	$258	44
179 Grosvenor Ln	0.56mi	6/3.0 (+1)	2,388 (-14%)	2mo	$835,000	$350	43
247 Kennedy Dr	0.59mi	5/3.5	3,116 (+13%)	8mo	$840,000	$270	41
108 Clairedge Ct	0.68mi	4/3.5 (-1)	3,074 (+11%)	1mo	$799,900	$260	40
504 Green Forest Dr	0.73mi	4/2.5 (-1)	2,492 (-10%)	10mo	$780,000	$313	36

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -19.2%
• Equity multiple: 0.33×
• Total profit: $-126,891
• Equity at exit: $100,645

10-year hold

• IRR: -11.9%
• Equity multiple: 0.29×
• Total profit: $-133,522
• Equity at exit: $58,362

Cash invested: $189,000 (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 21146

• Active inventory: 147
• Price-to-rent: 11.1×

Monthly cashflow live

• Estimated rent: $5,049 medium
• Mortgage (P&I): −$3,540
• Tax from tax record: −$440 /mo · $5,277/yr
• Insurance: −$281
• HOA: −$0
• Vacancy / Maint / Mgmt: −$1,060
• Net cashflow: $-272

Break-even live

Break-even rent $5,393

Max offer price $626,905

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: $168,750
• Closing costs: $20,250
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
101 Tarks Ln Severna Park, MD	6.0	4.0	4000	$4,700	$1.18	43d	1	0.46mi
101 Tarks Ln Severna Park, MD	5.0	4.0	4000	$4,700	$1.18	16d	1	0.46mi

Listing history 46 events

1. 2026-06-18
   days on market $675,000 Active 63 DOM
2. 2026-06-17
   days on market $675,000 Active 62 DOM
3. 2026-06-16
   days on market $675,000 Active 61 DOM
4. 2026-06-15
   days on market $675,000 Active 60 DOM
5. 2026-06-13
   remarks 699-char remark
6. 2026-06-13
   pricedays on market $675,000 Active 58 DOM
7. 2026-06-09
   days on market $695,000 Active 54 DOM
8. 2026-06-08
   days on market $695,000 Active 53 DOM
9. 2026-06-07
   days on market $695,000 Active 52 DOM
10. 2026-06-04
    days on market $695,000 Active 49 DOM
11. 2026-06-03
    days on market $695,000 Active 48 DOM
12. 2026-06-02
    days on market $695,000 Active 47 DOM
13. 2026-06-01
    days on market $695,000 Active 46 DOM
14. 2026-05-31
    days on market $695,000 Active 45 DOM
15. 2026-04-30
    price $700,000 870-char remark

    Show marketing remark (870 chars)

    OPEN HOUSE this weekend 11am - 1pm Saturday & Sunday! Welcome to 50 Robinson Landing Road in sought-after Severna Park! This spacious 5-bedroom, 2.5-bath home offers the perfect blend of comfort and functionality. Featuring a finished basement for additional living or entertaining space, there’s room for everyone to spread out. All brand-new carpeting on the upstairs. The home includes a 1-car garage, a 2-car wide driveway (room for 4 cars) and an electric vehicle charging setup—providing both convenience and modern efficiency. Enjoy outstanding water privileges, making it easy to embrace the Chesapeake lifestyle—whether it’s boating, kayaking, or simply relaxing by the water. Conveniently located near top-rated schools, shopping, and commuter routes, this home presents an incredible opportunity in a highly desirable community.

16. 2026-04-21
    price $715,000 870-char remark

    Show marketing remark (870 chars)

    OPEN HOUSE this weekend 11am - 1pm Saturday & Sunday! Welcome to 50 Robinson Landing Road in sought-after Severna Park! This spacious 5-bedroom, 2.5-bath home offers the perfect blend of comfort and functionality. Featuring a finished basement for additional living or entertaining space, there’s room for everyone to spread out. All brand-new carpeting on the upstairs. The home includes a 1-car garage, a 2-car wide driveway (room for 4 cars) and an electric vehicle charging setup—providing both convenience and modern efficiency. Enjoy outstanding water privileges, making it easy to embrace the Chesapeake lifestyle—whether it’s boating, kayaking, or simply relaxing by the water. Conveniently located near top-rated schools, shopping, and commuter routes, this home presents an incredible opportunity in a highly desirable community.

17. 2026-04-17
    listed $725,000 Active 870-char remark

    Show marketing remark (870 chars)

    OPEN HOUSE this weekend 11am - 1pm Saturday & Sunday! Welcome to 50 Robinson Landing Road in sought-after Severna Park! This spacious 5-bedroom, 2.5-bath home offers the perfect blend of comfort and functionality. Featuring a finished basement for additional living or entertaining space, there’s room for everyone to spread out. All brand-new carpeting on the upstairs. The home includes a 1-car garage, a 2-car wide driveway (room for 4 cars) and an electric vehicle charging setup—providing both convenience and modern efficiency. Enjoy outstanding water privileges, making it easy to embrace the Chesapeake lifestyle—whether it’s boating, kayaking, or simply relaxing by the water. Conveniently located near top-rated schools, shopping, and commuter routes, this home presents an incredible opportunity in a highly desirable community.

18. 2026-04-13
    historical $725,000 870-char remark

    Show marketing remark (870 chars)

    OPEN HOUSE this weekend 11am - 1pm Saturday & Sunday! Welcome to 50 Robinson Landing Road in sought-after Severna Park! This spacious 5-bedroom, 2.5-bath home offers the perfect blend of comfort and functionality. Featuring a finished basement for additional living or entertaining space, there’s room for everyone to spread out. All brand-new carpeting on the upstairs. The home includes a 1-car garage, a 2-car wide driveway (room for 4 cars) and an electric vehicle charging setup—providing both convenience and modern efficiency. Enjoy outstanding water privileges, making it easy to embrace the Chesapeake lifestyle—whether it’s boating, kayaking, or simply relaxing by the water. Conveniently located near top-rated schools, shopping, and commuter routes, this home presents an incredible opportunity in a highly desirable community.

19. 2019-03-05
    soldstatus $453,500
20. 2019-02-22
    soldstatus $453,500 Closed 446-char remark

    Show marketing remark (446 chars)

    Move right into this well maintained 5 br, 2.5 bath colonial in water-privileged Berrywood South. Upgrades galore- granite countertops, SS app, hardwood floors, new carpet, fully finished basement, generous sized bedrooms, master with en-suite and walk in closet and updated baths. Community offers boat ramp, kayak rack, playground and boat slips. Convenient to shopping, Baltimore, Washington DC and Annapolis. Severna Park Blue Ribbon Schools!

21. 2019-01-03
    historical Active Under Contract 446-char remark

    Show marketing remark (446 chars)

    Move right into this well maintained 5 br, 2.5 bath colonial in water-privileged Berrywood South. Upgrades galore- granite countertops, SS app, hardwood floors, new carpet, fully finished basement, generous sized bedrooms, master with en-suite and walk in closet and updated baths. Community offers boat ramp, kayak rack, playground and boat slips. Convenient to shopping, Baltimore, Washington DC and Annapolis. Severna Park Blue Ribbon Schools!

22. 2018-12-28
    status Active 446-char remark

    Show marketing remark (446 chars)

    Move right into this well maintained 5 br, 2.5 bath colonial in water-privileged Berrywood South. Upgrades galore- granite countertops, SS app, hardwood floors, new carpet, fully finished basement, generous sized bedrooms, master with en-suite and walk in closet and updated baths. Community offers boat ramp, kayak rack, playground and boat slips. Convenient to shopping, Baltimore, Washington DC and Annapolis. Severna Park Blue Ribbon Schools!

23. 2018-12-27
    listed $449,900 446-char remark

    Show marketing remark (446 chars)

    Move right into this well maintained 5 br, 2.5 bath colonial in water-privileged Berrywood South. Upgrades galore- granite countertops, SS app, hardwood floors, new carpet, fully finished basement, generous sized bedrooms, master with en-suite and walk in closet and updated baths. Community offers boat ramp, kayak rack, playground and boat slips. Convenient to shopping, Baltimore, Washington DC and Annapolis. Severna Park Blue Ribbon Schools!

24. 2018-12-27
    historical 446-char remark

    Show marketing remark (446 chars)

    Move right into this well maintained 5 br, 2.5 bath colonial in water-privileged Berrywood South. Upgrades galore- granite countertops, SS app, hardwood floors, new carpet, fully finished basement, generous sized bedrooms, master with en-suite and walk in closet and updated baths. Community offers boat ramp, kayak rack, playground and boat slips. Convenient to shopping, Baltimore, Washington DC and Annapolis. Severna Park Blue Ribbon Schools!

25. 2018-09-20
    historical
26. 2018-09-09
    status Pending
27. 2018-09-09
    status Contract
28. 2018-09-08
    historical Withdrawn
29. 2018-09-05
    price $464,900
30. 2018-09-05
    price
31. 2018-08-04
    price $484,900
32. 2018-08-04
    price
33. 2018-06-07
    listed $494,900 Active
34. 2018-06-07
    listed Active
35. 2013-01-02
    historical
36. 2013-01-02
    soldstatus $419,900 Sold
37. 2013-01-02
    soldstatus $419,900
38. 2012-12-20
    soldstatus $435,900
39. 2012-11-14
    status Contract
40. 2012-11-14
    historical
41. 2012-11-08
    listed $419,900 Active
42. 2012-11-07
    listed $419,900
43. 2012-10-25
    soldstatus $88,000
44. 1994-12-27
    soldstatus $175,670
45. 1994-01-28
    soldstatus $45,000
46. 1980-08-27
    soldstatus $20,000

ⓘ 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: $5,277 · $440/mo
• Projected year-2 tax: $6,317 · $526/mo
• Expected delta: +$1,040/yr (+$87/mo · 19.7%)

ⓘ 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 8/10 Severe 7 d/yr ≥104°F today · 15 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 62% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $60,585
• − Mortgage interest: −$37,810
• − Property taxes: −$5,277
• − Insurance: −$3,375
• − Repairs & maintenance: −$4,847
• − Management: −$4,847
• − Depreciation: −$19,636
• Taxable loss: −$15,207
• Est. tax savings @ 24.0%: +$3,650
• After-tax cash flow: $383/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: Anne Arundel County Public Schools
• NCES district ID: 2400060
• Math proficiency: 20% ▼ -21.00%
• Reading proficiency: 37% ▼ -13.00%
• Median HH income: $87,880
• Composite: 28.52/100
• National rank: #6733
• State rank: #10 of 24 in MD

Livability — Severna Park

• Score: 78/100
• State rank: #75
• US rank: #2690

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Severna Park, MD
• County: Anne Arundel County · 535,653 people
• City population: 28,591
• Metro: Baltimore-Columbia-Towson, MD
• Population (ZIP): 28,591
• Household income: $172,122
• Rent vs Own: 10.6% rent · 89.4% own
• Severe rent burden: 155.0

Population outlook (Anne Arundel County) Hauer SSP2

• Today (2025): 617,384 people
• By 2030: 642,094 · +4.0%
• By 2040: 686,621 · +11.2%
• By 2050: 723,031 · +17.1%
• By 2075: 809,346 · +31.1%
• By 2100: 837,658 · +35.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (87%)
• Race & ethnicity: White 87% Two or more races 5% Black 4% Hispanic / Latino 2% Asian 2%
• Common ancestry: Romanian 5% Slovak 4% Lithuanian 2%
• Foreign-born: 5% · Canada, South Korea, China
• Languages at home: 94% English-only · Spanish 3% Chinese 1%

Political lean MEDSL · Anne Arundel

• 2024 margin: D (+13.9) · D 55.7% · R 41.7% · Other 2.6%
• 2008→2024 swing: +15.7pp toward D · 2008: -1.8pp · 2024: 13.9pp
• All cycles: 2024: D+13.9 2020: D+14.5 2016: D+0.7 2012: R+0.9 2008: R+1.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -414.73%
• Current HPI: 302.8448
• Rent YoY: —
• 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

+3400.0% since first listed

32 events — show timeline

• 2026-04-30 Price Changed $700,000 BRIGHT MLS
• 2026-04-21 Price Changed $715,000 BRIGHT MLS
• 2026-04-17 Listed $725,000 BRIGHT MLS
• 2026-04-13 Coming Soon $725,000 BRIGHT MLS
• 2019-03-05 Sold (Public Records) $453,500 Public Records
• 2019-02-22 Sold (MLS) $453,500 BRIGHT MLS
• 2019-01-03 Contingent — BRIGHT MLS
• 2018-12-28 Relisted — BRIGHT MLS
• 2018-12-27 Listing Removed — BRIGHT MLS
• 2018-12-27 Listed $449,900 BRIGHT MLS
• 2018-09-20 Listing Removed — BRIGHT MLS
• 2018-09-09 Pending — BRIGHT MLS
• 2018-09-09 Pending — MRIS
• 2018-09-08 Delisted — MRIS
• 2018-09-05 Price Changed $464,900 BRIGHT MLS
• 2018-09-05 Price Changed — MRIS
• 2018-08-04 Price Changed $484,900 BRIGHT MLS
• 2018-08-04 Price Changed — MRIS
• 2018-06-07 Listed — MRIS
• 2018-06-07 Listed $494,900 BRIGHT MLS
• 2013-01-02 Delisted — MRIS
• 2013-01-02 Sold (MLS) $419,900 BRIGHT MLS
• 2013-01-02 Sold (MLS) $419,900 MRIS
• 2012-12-20 Sold (Public Records) $435,900 Public Records
• 2012-11-14 Pending — MRIS
• 2012-11-14 Listing Removed — BRIGHT MLS
• 2012-11-08 Listed $419,900 MRIS
• 2012-11-07 Listed $419,900 BRIGHT MLS
• 2012-10-25 Sold (Public Records) $88,000 Public Records
• 1994-12-27 Sold (Public Records) $175,670 Public Records
• 1994-01-28 Sold (Public Records) $45,000 Public Records
• 1980-08-27 Sold (Public Records) $20,000 Public Records

Property tax history

+5.7%/yr

Latest (2025): $5,277 · +2.5% YoY. Source: county tax records.