1719-B Fountain Rock Way Unit 1719-B · Edgewood, MD 21040

$60,000

2 bd · 1.0 ba · 882 sqft · Condo public records · 5 Days on market

Built 1972 Fair condition $68/sqft · 29% below area Est $85k · 29% under $350/mo HOA · 22% of rent

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Why this score? — see what drove the B+ 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 +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Rent growth +3.7/5.0
• Livability +3.7/5.0
• Schools +2.5/10.0
• Condition / age +2.2/5.0
• Appreciation +0.0/10.0

Listing remarks

List price is Opening Bid at The Online Only Auction Sale to Be Held on The Auctioneers Website – Bidding begins Saturday, October 3rd and ends Thursday, October 8, 2026 at 1:00 PM. Tenant Occupied Condo in the "Sunrise East" Neighborhood of Edgewood, Harford County * * Current Gross Annual Scheduled Rent Of $19,800 * * Tenant-occupied condo in the Sunrise East neighborhood of Edgewood, Harford County. This updated and well-maintained unit features 2 bedrooms and 1 full bathroom. The main level offers an open living and dining area with access to a private balcony, along with a kitchen.

Key facts

• Laminate flooring
• Private balcony
• $350 HOA

Tags

• PRIVATE BALCONY
• LAMINATE FLOORING
• IN-UNIT WASHER AND DRYER

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath condo listed at $60k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $499 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $60k).
• Cap rate 16.3% vs local median 5.6% in Edgewood — 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 73/100 on livability (#118 in MD, #4,991 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, housing A+, health & safety A+; Watch: amenities D, crime F.
• Harford County Public Schools (suburban): math 22% / reading 39% proficiency, ranked #9 of 24 in MD (top 38%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Old Post Road Elementary (math 7% / reading 9%, grade F, #674 of 860 statewide, top 79%, 842 students, 80% FRL); Edgewood Middle (math 7% / reading 31%, grade F, #155 of 225 statewide, top 70%, 999 students, 72% FRL); Edgewood High (math 43% / reading 54%, grade D, #111 of 222 statewide, top 50%, 1,415 students, 62% FRL) — zoned schools average 71% FRL vs 24% district-wide (47 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising fast (+4.9%/yr); 181 active listings in the ZIP; 15 comparable units currently listed for rent nearby; rentals at typical pace (median 29d on market — plan ~3-4 weeks tenant-placement turnaround); 47% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 803 units permitted in Harford County in 2024 (26 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $415 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 4.9% rent growth), your $17k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• Only 5 days on market — expect competitive offers; lowballing is unlikely to land.
• 6 sale attempts since 29y 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.

Risks & watch-outs

• Watch-outs: HOA is 22% of rent.
• 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 $60,000

Questions for the listing agent

1. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
2. Built in 1972 — 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. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
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 apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 2.63% ✓
• Cap rate: 16.27%
• Cash-on-cash: 35.62%
• DSCR: 2.59
• GRM: 3.2

CMA / ARV

• ARV (median comp): $84,800
• List price: $60,000
• Delta: -29.25%
• 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
1730-C Fountain Rock Way Unit 1730-C	0.03mi	2/1.0	882 (0%)	5mo	$111,300	$126	94
828-C Windstream Way Unit 828-C	0.07mi	2/1.0	882 (0%)	8mo	$90,500	$103	90
1701-C Fountain Rock Way Unit 1701-C	0.09mi	2/1.0	882 (0%)	9mo	$85,000	$96	88
1305-K Clover Valley Way #1305	0.08mi	2/2.0	900 (+2%)	5mo	$108,000	$120	85
911 N Angel Valley Ct	0.35mi	2/1.5	930 (+5%)	4mo	$220,000	$237	69
901-K Swallow Crest Ct Unit 901-K	0.13mi	2/1.0	1,100 (+25%)	10mo	$147,000	$134	60
1944 Chipper Dr	0.76mi	2/1.0	980 (+11%)	3mo	$33,500	$34	44
1959 Chipper Dr	0.77mi	2/1.0	1,000 (+13%)	0mo	$25,000	$25	42
2019 Kenny Ct	0.64mi	2/2.0	1,008 (+14%)	2mo	$15,000	$15	41
1919 Chipper Dr	0.73mi	2/2.0	980 (+11%)	4mo	$66,000	$67	40
1320 Harford Square Dr	0.53mi	3/2.0 (+1)	1,008 (+14%)	6mo	$235,000	$233	38
1503 Green Rd	1.42mi	3/1.0 (+1)	1,073 (+22%)	4mo	$325,000	$303	31

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 · 4.92% rent growth · sell at horizon

5-year hold

• IRR: 34.4%
• Equity multiple: 2.51×
• Total profit: $25,381
• Equity at exit: $8,946

10-year hold

• IRR: 42.7%
• Equity multiple: 5.60×
• Total profit: $77,208
• Equity at exit: $5,188

Cash invested: $16,800 (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 21040

• Home prices YoY: -29.4%
• Rents YoY: 4.9%
• Active inventory: 181
• Price-to-rent: 3.2×

Monthly cashflow live

• Estimated rent: $1,580 high
• Mortgage (P&I): −$315
• Tax from tax record: −$60 /mo · $716/yr
• Insurance: −$25
• HOA: −$350
• Vacancy / Maint / Mgmt: −$332
• Net cashflow: $499

Break-even live

Break-even rent $948

Max offer price $60,000

Occupancy floor 63%

Sensitivity live

Price	-10% $533	-5% $516	+0% $499	+5% $482	+10% $465
Rent	-10% $374	-5% $436	+0% $499	+5% $561	+10% $624
Rate	-1.0pp $529	-0.5pp $514	base $499	+0.5pp $483	+1.0pp $467

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: $15,000
• Closing costs: $1,800
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 15 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1703 Fountain Rock Way Unit 1703-B Edgewood, MD	2.0	1.0	882	$1,250	$1.42	119d	1	0.08mi
814 Windstream Way Unit 814-A Edgewood, MD	1.0	1.0	882	$1,200	$1.36	139d	1	0.15mi
1709 Crimson Tree Way Unit 5D Edgewood, MD	2.0	1.0	1100	$1,525	$1.39	10d	1	0.16mi
905 Swallow Crest Ct Unit E Edgewood, MD	2.0	1.0	990	$1,495	$1.51	139d	1	0.18mi
905 Woodbridge Ct Unit F Edgewood, MD	2.0	2.0	950	$1,900	$2.00	10d	1	0.21mi
905 Woodbridge Ct Edgewood, MD	2.0	1.0–2.0	975	$1,745	$1.79	24d	2	0.25mi
1830 Eloise Ln Edgewood, MD	3.0	1.5	1040	$1,700	$1.63	7d	1	0.35mi
802 Kingston Ct Edgewood, MD	1.0–3.0	1.0–1.5	1007	$1,689	$1.68	0d	24	0.37mi
1772 Judy Way Edgewood, MD	3.0	1.5	1040	$2,195	$2.11	139d	1	0.38mi
1754 Judy Way Edgewood, MD	3.0	2.0	1054	$1,795	$1.70	7d	1	0.39mi
404 Liberty Ct Edgewood, MD	3.0	2.0	1008	$1,950	$1.93	88d	1	0.47mi
570 Meadowood Dr Edgewood, MD	2.0–3.0	1.0–1.5	990	$1,401	$1.42	28d	2	0.57mi
1473 Charlestown Dr Edgewood, MD	3.0	1.5	1100	$2,100	$1.91	43d	1	0.71mi
2120 Cedar Dr Apt F Edgewood, MD	3.0	1.5	1000	$1,295	$1.29	139d	1	1.39mi
2033 Armstrong St Edgewood, MD	1.0–4.0	1.0–2.0	1000	$1,566	$1.57	0d	15	1.49mi

Property features AI

Finance

• Other: Improvement assessed value reportedLand assessed value reported
• Financial info: Total actual rent reported: $19,800
• HOA & community: Monthly HOA fee of $350HOA covers common area maintenance, front/rear/side lawn care, lawn maintenance, snow removal, and trash

Exterior

• Parking: Driveway
• Utilities: Public waterPublic sewer
• Home design: End of row townhouseCondominium ownership
• Construction: Vinyl sidingBlock foundationAbove-grade and below-grade structuresEstimated year built
• Exterior features: No tidal water

Interior

• Bedrooms: 2 bedrooms on the main level
• Bathrooms: 1 full bathroom on the main level1 full bathroom total
• Heating & cooling: Forced air heating (natural gas)Central air conditioning (natural gas)Natural gas hot water
• Interior features: No basementLiving area measured per assessor

HOA detail $350/mo · $4,200/yr condo

• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 26 events

1. 2026-09-23
   days on market $60,000 Active 5 DOM
2. 2026-09-22
   days on market $60,000 Active 4 DOM
3. 2026-09-21
   days on market $60,000 Active 3 DOM
4. 2026-09-20
   days on market $60,000 Active 2 DOM
5. 2026-09-18
   remarks 683-char remark
6. 2026-09-18
   days on marketlisting id $60,000 Active 1 DOM
7. 2026-07-31
   days on market $60,000 Active 34 DOM
8. 2026-07-30
   days on market $60,000 Active 32 DOM
9. 2026-07-28
   days on market $60,000 Active 31 DOM
10. 2026-07-26
    days on market $60,000 Active 29 DOM
11. 2026-07-24
    days on market $60,000 Active 27 DOM
12. 2026-07-23
    days on market $60,000 Active 26 DOM
13. 2026-07-22
    days on market $60,000 Active 25 DOM
14. 2026-07-21
    status $60,000 Active 24 DOM
15. 2026-05-04
    listed $60,000 Active 989-char remark
16. 2026-02-16
    historical
17. 2025-07-08
    listed $129,900 Active
18. 2022-09-20
    soldstatus $56,000
19. 2006-01-11
    soldstatus $56,000
20. 1999-03-07
    historical
21. 1998-03-08
    listed
22. 1998-01-07
    historical
23. 1997-07-09
    listed
24. 1989-01-27
    soldstatus $41,900
25. 1989-01-27
    soldstatus $41,900
26. 1988-01-19
    soldstatus $32,500

ⓘ 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: $716 · $60/mo
• Projected year-2 tax: $716 · $60/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 1/10 Low
• 🌡 Heat 8/10 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 4 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,957
• − Mortgage interest: −$3,361
• − Property taxes: −$716
• − Insurance: −$300
• − Repairs & maintenance: −$1,517
• − Management: −$1,517
• − HOA: −$4,200
• − Depreciation: −$1,745
• Taxable income: $5,602
• Est. tax owed @ 24.0%: −$1,344
• After-tax cash flow: $4,640/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.

Condition & rehab AI · 2 photos

Fair 45/100 Cosmetic rehab Est. rehab $4,410–$13,230 screening

This townhouse is in good condition with minimal maintenance needed. Painting the exterior and landscaping improvements would significantly enhance its curb appeal and value.

Value-add opportunities

• Both Painting exterior siding — Enhances curb appeal and value ↑
• Both Landscaping improvements — Enhances curb appeal and value ↑
• Rental HVAC maintenance — Ensures comfort and reduces utility costs ↑

ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

F Composite school gradezoned avg 25/100

Zoned Schools

Elementary Old Post Road Elementary F MD #674/860 Nat'l #39,822/41,679 Middle Edgewood Middle F MD #155/225 Nat'l #11,948/14,009 High Edgewood High D MD #111/222 Nat'l #6,127/17,239

Schools (NCES district)

• District: Harford County Public Schools
• NCES district ID: 2400390
• Math proficiency: 22% ▼ -23.00%
• Reading proficiency: 39% ▼ -12.00%
• Median HH income: $79,569
• Composite: 29.38/100
• National rank: #6527
• State rank: #9 of 24 in MD

B Composite livability gradescore 73/100

Livability — Edgewood

• Score: 73/100
• State rank: #118
• US rank: #4991

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Edgewood, MD
• County: Harford County · 262,292 people
• City population: 24,960
• Metro: Baltimore-Columbia-Towson, MD
• Population (ZIP): 24,960
• Household income: $81,704
• Rent vs Own: 28.9% rent · 71.1% own
• Severe rent burden: 16% of renters

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Population outlook (Harford County) Hauer SSP2

• Today (2025): 262,292 people
• By 2030: 266,437 · +1.6%
• By 2040: 269,954 · +2.9%
• By 2050: 265,659 · +1.3%
• By 2075: 252,886 · -3.6%
• By 2100: 224,014 · -14.6%

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Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.66)
• Race & ethnicity: Black 45% White 36% Two or more races 11% Hispanic / Latino 10% Asian 2%
• Hispanic origin (detail): Mexican 1% Puerto Rican 2%
• Common ancestry: Romanian 4% Slovak 1% Italian 1%
• Foreign-born: 8% · Canada, South Korea
• Languages at home: 89% English-only · Spanish 5% Russian/Polish/Slavic 2% German/W. Germanic 1%

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Political lean MEDSL · Harford

• 2024 margin: R (+13.8) · D 41.9% · R 55.7% · Other 2.4%
• 2008→2024 swing: +5.0pp toward D · 2008: -18.8pp · 2024: -13.8pp
• All cycles: 2024: R+13.8 2020: R+12.0 2016: R+24.5 2012: R+19.5 2008: R+18.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -106.14%
• Current HPI: 254.2305
• Rent YoY: ▲ 4.92%
• Metro: Baltimore-Columbia-Towson, MD
• State GDP YoY: ▲ 2.97%
• F500 in state: 12

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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

Property features AI

Finance

• Other: Improvement assessed value reportedLand assessed value reported
• Financial info: Total actual rent reported: $19,800
• HOA & community: Monthly HOA fee of $350HOA covers common area maintenance, front/rear/side lawn care, lawn maintenance, snow removal, and trash

Exterior

• Parking: Driveway
• Utilities: Public waterPublic sewer
• Home design: End of row townhouseCondominium ownership
• Construction: Vinyl sidingBlock foundationAbove-grade and below-grade structuresEstimated year built
• Exterior features: No tidal water

Interior

• Bedrooms: 2 bedrooms on the main level
• Bathrooms: 1 full bathroom on the main level1 full bathroom total
• Heating & cooling: Forced air heating (natural gas)Central air conditioning (natural gas)Natural gas hot water
• Interior features: No basementLiving area measured per assessor

Price history

+84.6% since first listed

16 events — show timeline

• 2026-09-18 Listed $60,000 BRIGHT MLS
• 2026-07-31 Listing Removed — BRIGHT MLS
• 2026-07-21 Relisted — BRIGHT MLS
• 2026-05-28 Pending — BRIGHT MLS
• 2026-05-04 Listed $60,000 BRIGHT MLS
• 2026-02-16 Listing Removed — BRIGHT MLS
• 2025-07-08 Listed $129,900 BRIGHT MLS
• 2022-09-20 Sold (Public Records) $56,000 Public Records
• 2006-01-11 Sold (Public Records) $56,000 Public Records
• 1999-03-07 Delisted — MRIS
• 1998-03-08 Listed — MRIS
• 1998-01-07 Delisted — MRIS
• 1997-07-09 Listed — MRIS
• 1989-01-27 Sold (Public Records) $41,900 Public Records
• 1989-01-27 Sold (Public Records) $41,900 Public Records
• 1988-01-19 Sold (Public Records) $32,500 Public Records

Property tax history

+0.8%/yr

Latest (2025): $716 · +27.9% YoY. Source: county tax records.