1081 Ellicott Dr · Baltimore, MD 21216

$65,000

3 bd · 2.0 ba · 1,639 sqft · Townhouse public records · 31 Days on market

Built 1935 1,953 sqft lot

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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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Rent growth +4.0/5.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0
• Appreciation +0.0/10.0

Listing remarks

List price to be opening bid at online auction. Online auction to be conducted on Auctioneers website. Auctioneers website. Bidding begins Wednesday June 17th & ends Monday, June 22, 2026 at 11:00 AM. Discover this beautifully updated townhouse in Baltimore City’s historic Franklintown Road neighborhood. Classic charm meets modern convenience, starting with a welcoming front porch that leads into a spacious main level featuring distinct living and dining areas. The updated kitchen boasts sleek stainless-steel appliances, flowing effortlessly out to a private rear deck and fenced backyard—perfect for entertaining. Upstairs, you'll find three bright bedrooms and a full bathr

Key facts

• Reliable hvac system
• Fenced backyard
• Private rear deck

Tags

• WELCOMING FRONT PORCH
• PRIVATE REAR DECK
• FENCED BACKYARD
• GORGEOUS WOOD FLOORING
• FULL UNFINISHED BASEMENT
• RELIABLE HVAC SYSTEM

Property features AI

Finance

• Other: Above-grade finished area reported by assessor; Below-grade finished and unfinished areas reported by assessor; Improvement and land assessed values available
• Financial info: Annual ground rent payment; Ownership interest: Ground rent

Exterior

• Parking: On-street parking
• Utilities: Public water; Public sewer; Electric hot water
• Home design: Interior townhouse/rowhouse
• Construction: Brick construction; Permanent foundation
• Exterior features: Ground rent applies (annual payment); Property is inside city limits

Interior

• Bedrooms: Three bedrooms on the upper level
• Bathrooms: One full bathroom
• Heating & cooling: Radiator heating (electric fuel); Central air conditioning
• Interior features: Unfinished basement; Finished and unfinished areas below grade

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath townhouse listed at $65k.

Deal economics

• At list price, monthly cash flow is $988 ($12k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $65k).
• Recommended offer: $63k (3.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 76/100 on livability (#90 in MD, #3,396 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, housing A+; Watch: crime F.
• Baltimore City Public Schools (urban): math 7% / reading 16% proficiency, ranked #24 of 24 in MD (top 100%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 79% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Elmer A. Henderson: A Johns Hopkins Partnership (math 2% / reading 16%, grade F, #650 of 860 statewide, top 77%, 642 students, 80% FRL); Baltimore Polytechnic Institute (math 71% / reading 84%, grade A-, #22 of 222 statewide, top 10%, 1,555 students, 43% FRL) — zoned schools average 62% FRL vs 79% district-wide (17 pts lower); this property's tenant base skews higher-income than the district average.
• Zoned-school proficiency averages 43% at this address vs 12% district-wide (+32 pts) — the actual schools serving this property are materially stronger than the Baltimore City Public Schools average implies; a family-tenant draw the district grade alone would hide.
• Market conditions: Rents rising fast (+6.1%/yr); 252 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); 42% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 1,273 units permitted in Baltimore city in 2024 (1,104 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $449 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Baltimore County population projected to shrink 4% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-3.0% appreciation + 6.1% rent growth), your $18k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 31 days — a 3% lower offer ($63k) is reasonable based on typical stale-listing flexibility.
• 12 sale attempts since 20y 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 $20k; list at $65k implies a 227% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1935 — expect roof / HVAC / electrical / plumbing capex.
• 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 $63,050 (3.0% below list)

Questions for the listing agent

1. It's been on market 31 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1935 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. 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?
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: 2.83% ✓
• Cap rate: 24.54%
• Cash-on-cash: 65.17%
• DSCR: 3.90
• GRM: 2.9

CMA / ARV

• ARV (on-the-fly): $193,402
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3118 Normount Ave	0.16mi	3/2.0	1,725 (+5%)	1mo	$174,990	$101	83
2738 W Mosher St	0.32mi	3/1.0	1,765 (+8%)	1mo	$37,000	$21	68
743 Linnard St	0.45mi	4/2.0 (+1)	1,693 (+3%)	1mo	$199,000	$118	68
2514 W Lafayette Ave	0.63mi	3/2.0	1,560 (-5%)	2mo	$232,000	$149	61
2920 Brighton St	0.36mi	3/2.5	1,440 (-12%)	2mo	$247,500	$172	60
3018 Presstman St	0.30mi	4/2.0 (+1)	1,400 (-15%)	1mo	$108,000	$77	56
2400 W Lafayette Ave	0.73mi	4/2.0 (+1)	1,584 (-3%)	2mo	$263,000	$166	54
3020 Brighton St	0.34mi	4/2.5 (+1)	1,406 (-14%)	2mo	$209,000	$149	52
1625 N Rosedale St	0.44mi	3/1.0	1,396 (-15%)	2mo	$36,000	$26	49
2404 W Lafayette Ave	0.72mi	3/2.0	1,476 (-10%)	2mo	$135,000	$91	48
3707 Colborne Rd	0.60mi	3/2.0	1,400 (-15%)	1mo	$220,000	$157	47
517 N Edgewood St	0.61mi	4/2.5 (+1)	1,430 (-13%)	2mo	$90,000	$63	42

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 · 6.1% rent growth · sell at horizon

5-year hold

• IRR: 67.9%
• Equity multiple: 4.21×
• Total profit: $58,365
• Equity at exit: $9,692

10-year hold

• IRR: 73.0%
• Equity multiple: 9.67×
• Total profit: $157,878
• Equity at exit: $5,620

Cash invested: $18,200 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (CITY): 12 Strongly Tenant-Friendly
• State Maryland: 27 Tenant-Leaning · D+14
• County: — inherits STATE
• City Baltimore: 12 Strongly Tenant-Friendly · D+58

Just-cause for tenancies > 1 yr.

Methodology + full state rankings →

ZIP-level market 21216

• Rents YoY: 6.1%
• Active inventory: 252
• Price-to-rent: 2.9×

Monthly cashflow live

• Estimated rent: $1,838 high
• Mortgage (P&I): −$341
• Tax from tax record: −$96 /mo · $1,146/yr
• Insurance: −$27
• HOA: −$0
• Vacancy / Maint / Mgmt: −$386
• Net cashflow: $988

Break-even live

Break-even rent $587

Max offer price $65,000

Occupancy floor 41%

Sensitivity live

Price	-10% $1,025	-5% $1,007	+0% $988	+5% $970	+10% $952
Rent	-10% $843	-5% $916	+0% $988	+5% $1,061	+10% $1,134
Rate	-1.0pp $1,021	-0.5pp $1,005	base $988	+0.5pp $972	+1.0pp $954

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: $16,250
• Closing costs: $1,950
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3238 Westmont Ave Baltimore, MD	3.0	1.0	1280	$1,600	$1.25	45d	1	0.14mi
3015 Rayner Ave Baltimore, MD	3.0	1.0	1152	$1,350	$1.17	45d	1	0.27mi
2806 Riggs Ave Baltimore, MD	3.0	2.5	1412	$1,900	$1.35	5d	1	0.28mi
3003 Presstman St Unit 1 Baltimore, MD	2.0	2.0	1450	$1,400	$0.97	46d	1	0.30mi
3003 Presstman St Unit 2 Baltimore, MD	2.0	1.0	1450	$1,300	$0.90	25d	1	0.30mi
1402 Poplar Grove St Baltimore, MD	4.0	1.5	1540	$800	$0.52	45d	1	0.31mi
2744 W Mosher St Baltimore, MD	4.0	2.0	1412	$2,100	$1.49	25d	1	0.32mi
2732 Riggs Ave Baltimore, MD	3.0	1.0	1730	$1,700	$0.98	0d	1	0.34mi
1513 N Ellamont St Baltimore, MD	3.0	1.0	1700	$1,700	$1.00	25d	1	0.34mi
2728 Winchester St Baltimore, MD	3.0	1.5	1260	$1,800	$1.43	5d	1	0.36mi
780 Linnard St Baltimore, MD	3.0	2.0	1224	$1,590	$1.30	45d	1	0.37mi
1530 N Rosedale St Baltimore, MD	3.0	2.0	1641	$1,795	$1.09	0d	1	0.37mi
798 N Grantley St Baltimore, MD	3.0	2.0	1360	$2,295	$1.69	25d	1	0.38mi
3309 Brighton St Baltimore, MD	3.0	1.0	1134	$1,700	$1.50	45d	1	0.38mi
787 N Grantley St Baltimore, MD	3.0	1.0	1116	$1,575	$1.41	25d	1	0.38mi
2922 Edmondson Ave Baltimore, MD	3.0	2.0	1620	$1,900	$1.17	45d	1	0.41mi
2800 Presstman St Baltimore, MD	3.0	2.5	1460	$1,799	$1.23	25d	1	0.43mi
730 Linnard St Unit 1 Baltimore, MD	4.0	1.0	1360	$1,750	$1.29	25d	1	0.47mi
1633 N Hilton St Baltimore, MD	4.0	2.5	1920	$2,600	$1.35	19d	1	0.49mi
3423 Edmondson Ave Baltimore, MD	2.0	1.5	1400	$1,710	$1.22	45d	1	0.53mi
623 N Grantley St Baltimore, MD	4.0	2.0	1250	$2,000	$1.60	25d	1	0.55mi
3700 Woodridge Rd Baltimore, MD	3.0	1.5	1955	$1,950	$1.00	45d	1	0.57mi
3507 Edmondson Ave Baltimore, MD	4.0	2.0	1428	$2,300	$1.61	45d	1	0.57mi
2636 Lauretta Ave Baltimore, MD	3.0	2.5	1232	$1,900	$1.54	45d	1	0.62mi
3712 Gelston Dr Baltimore, MD	3.0	2.0	1250	$2,500	$2.00	25d	1	0.62mi
3619 Edmondson Ave Baltimore, MD	4.0	3.5	1962	$2,800	$1.43	45d	1	0.64mi
405 N Edgewood St Baltimore, MD	4.0	2.0	1408	$2,750	$1.95	0d	1	0.64mi
2609 Lauretta Ave Baltimore, MD	3.0	1.0	1286	$1,675	$1.30	25d	1	0.66mi
3935 Stokes Dr #1 Baltimore, MD	2.0	1.0	1150	$1,400	$1.22	45d	1	0.75mi
202 N Edgewood St Baltimore, MD	3.0	2.0	1710	$2,250	$1.32	25d	1	0.76mi
2917 Clifton Ave Baltimore, MD	4.0	4.0	1700	$2,150	$1.26	25d	1	0.77mi
3607 W Lexington St Baltimore, MD	3.0	2.0	1050	$1,895	$1.80	6d	1	0.80mi
2301 Riggs Ave Baltimore, MD	3.0	2.0	1072	$1,600	$1.49	25d	1	0.80mi
2636 W North Ave Baltimore, MD	2.0–3.0	1.0–2.0	975	$1,475	$1.51	6d	1	0.81mi
4020 Gelston Dr Baltimore, MD	3.0	2.0	1270	$1,875	$1.48	45d	1	0.81mi
918 N Bentalou St Baltimore, MD	3.0	1.5	1485	$1,750	$1.18	45d	1	0.82mi
2303 Calverton Heights Ave Baltimore, MD	4.0	2.0	1314	$2,250	$1.71	25d	1	0.82mi
3706 W Saratoga St Unit 1 Baltimore, MD	2.0	1.0	1540	$1,350	$0.88	45d	1	0.82mi
2812 Clifton Ave Baltimore, MD	3.0	1.5	1650	$1,850	$1.12	45d	1	0.83mi
3709 Nortonia Rd #2 Baltimore, MD	2.0	1.0	1289	$1,450	$1.12	19d	1	0.84mi

Listing history 50 events

1. 2026-06-21
   days on market $65,000 Active 31 DOM
2. 2026-06-18
   days on market $65,000 Active 28 DOM
3. 2026-06-17
   days on market $65,000 Active 27 DOM
4. 2026-06-16
   days on market $65,000 Active 26 DOM
5. 2026-06-15
   days on market $65,000 Active 25 DOM
6. 2026-06-13
   days on market $65,000 Active 23 DOM
7. 2026-06-09
   days on market $65,000 Active 19 DOM
8. 2026-06-08
   days on market $65,000 Active 18 DOM
9. 2026-06-07
   days on market $65,000 Active 17 DOM
10. 2026-06-04
    days on market $65,000 Active 14 DOM
11. 2026-06-03
    days on market $65,000 Active 13 DOM
12. 2026-06-02
    days on market $65,000 Active 12 DOM
13. 2026-06-01
    days on market $65,000 Active 11 DOM
14. 2026-05-31
    days on market $65,000 Active 10 DOM
15. 2026-05-21
    listed $65,000 Active
16. 2025-07-17
    historical
17. 2025-06-14
    price $60,000
18. 2025-06-13
    status Active
19. 2025-06-11
    historical
20. 2025-05-12
    listed $80,000 Active
21. 2025-05-09
    historical
22. 2025-04-26
    price $170,000
23. 2025-03-26
    listed $180,000 Active
24. 2025-03-18
    historical
25. 2025-03-09
    historical
26. 2025-01-13
    price $190,000
27. 2024-12-27
    price $200,000
28. 2024-12-06
    price $210,000
29. 2024-11-25
    price $220,000
30. 2024-11-21
    listed $230,000 Active
31. 2024-11-20
    historical
32. 2024-11-18
    historical $1,700
33. 2024-11-14
    price $1,700
34. 2024-10-27
    listed $1,800
35. 2010-12-29
    soldstatus $19,900
36. 2010-12-29
    soldstatus $19,900 Sold
37. 2010-12-17
    status Contract
38. 2010-12-17
    historical
39. 2010-11-16
    listed $19,900 Active
40. 2010-11-16
    listed $19,900
41. 2010-07-20
    historical Expired
42. 2010-07-20
    historical
43. 2010-02-19
    listed Active
44. 2010-02-19
    listed $50,000
45. 2008-05-08
    historical
46. 2008-02-12
    price
47. 2007-12-03
    price
48. 2007-11-24
    listed
49. 2006-11-06
    historical
50. 2006-09-08
    listed

ⓘ 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: $1,146 · $96/mo
• Projected year-2 tax: $1,146 · $96/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 7/10 Severe 7 d/yr ≥103°F today · 15 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% 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: $22,053
• − Mortgage interest: −$3,641
• − Property taxes: −$1,146
• − Insurance: −$325
• − Repairs & maintenance: −$1,764
• − Management: −$1,764
• − Depreciation: −$1,891
• Taxable income: $11,522
• Est. tax owed @ 24.0%: −$2,765
• After-tax cash flow: $9,095/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 City Public Schools
• NCES district ID: 2400090
• Math proficiency: 7% ▼ -9.00%
• Reading proficiency: 16% ▼ -5.00%
• Median HH income: $42,108
• Composite: 10.08/100
• National rank: #9805
• State rank: #24 of 24 in MD

Livability — Baltimore

• Score: 76/100
• State rank: #90
• US rank: #3396

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Baltimore, MD
• County: Baltimore City · 558,601 people
• City population: 588,727
• Metro: Baltimore-Columbia-Towson, MD
• Population (ZIP): 29,426
• Household income: $42,031
• Rent vs Own: 49.8% rent · 50.2% own
• Severe rent burden: 2264.0

Population outlook (Baltimore County) Hauer SSP2

• Today (2025): 624,249 people
• By 2030: 621,541 · -0.4%
• By 2040: 609,756 · -2.3%
• By 2050: 597,249 · -4.3%
• By 2075: 552,236 · -11.5%
• By 2100: 513,934 · -17.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Black (91%)
• Race & ethnicity: Black 91% Hispanic / Latino 4% Two or more races 3% White 2%
• Foreign-born: 3% · Canada
• Languages at home: 96% English-only · Spanish 3% French/Haitian/Cajun 1%

Political lean MEDSL · Baltimore

• 2024 margin: Solid D (+73.0) · D 85.2% · R 12.2% · Other 2.6%
• 2008→2024 swing: -2.5pp toward R · 2008: 75.5pp · 2024: 73.0pp
• All cycles: 2024: D+73.0 2020: D+76.6 2016: D+74.6 2012: D+76.4 2008: D+75.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -107.42%
• Current HPI: 164.3933
• Rent YoY: ▲ 6.10%
• 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

+62.9% since first listed

37 events — show timeline

• 2026-05-21 Listed $65,000 BRIGHT MLS
• 2025-07-17 Listing Removed — BRIGHT MLS
• 2025-06-14 Price Changed $60,000 BRIGHT MLS
• 2025-06-13 Relisted — BRIGHT MLS
• 2025-06-11 Listing Removed — BRIGHT MLS
• 2025-05-12 Listed $80,000 BRIGHT MLS
• 2025-05-09 Listing Removed — BRIGHT MLS
• 2025-04-26 Price Changed $170,000 BRIGHT MLS
• 2025-03-26 Listed $180,000 BRIGHT MLS
• 2025-03-18 Coming Soon — BRIGHT MLS
• 2025-03-09 Listing Removed — BRIGHT MLS
• 2025-01-13 Price Changed $190,000 BRIGHT MLS
• 2024-12-27 Price Changed $200,000 BRIGHT MLS
• 2024-12-06 Price Changed $210,000 BRIGHT MLS
• 2024-11-25 Price Changed $220,000 BRIGHT MLS
• 2024-11-21 Listed $230,000 BRIGHT MLS
• 2024-11-20 Coming Soon — BRIGHT MLS
• 2024-11-18 Rental Removed $1,700 BRIGHTMLS
• 2024-11-14 Price Changed $1,700 BRIGHTMLS
• 2024-10-27 Listed for Rent $1,800 BRIGHTMLS
• 2010-12-29 Sold (MLS) $19,900 MRIS
• 2010-12-29 Sold (MLS) $19,900 BRIGHT MLS
• 2010-12-17 Pending — MRIS
• 2010-12-17 Listing Removed — BRIGHT MLS
• 2010-11-16 Listed $19,900 MRIS
• 2010-11-16 Listed $19,900 BRIGHT MLS
• 2010-07-20 Delisted — MRIS
• 2010-07-20 Listing Removed — BRIGHT MLS
• 2010-02-19 Listed — MRIS
• 2010-02-19 Listed $50,000 BRIGHT MLS
• 2008-05-08 Delisted — MRIS
• 2008-02-12 Price Changed — MRIS
• 2007-12-03 Price Changed — MRIS
• 2007-11-24 Listed — MRIS
• 2006-11-06 Delisted — MRIS
• 2006-09-08 Listed — MRIS
• 2006-04-06 Sold (Public Records) $39,900 Public Records

Property tax history

-1.3%/yr

Latest (2025): $1,146 · +15.1% YoY. Source: county tax records.