130 Slade Ave #202 · Pikesville, MD 21208

$75,000

1 bd · 1.0 ba · 721 sqft · Condo public records · 59 Days on market

Built 1968 $104/sqft · 19% below area Est $93k · 19% under $452/mo HOA · 32% 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 +22.3/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +7.2/10.0
• Rent growth +3.9/5.0
• Livability +3.5/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

WHY RENT WHEN YOU CAN OWN? Check out this move-in-ready Pikesville condo priced to sell. Owner has made numerous upgrades including brand new carpet, vinyl plank flooring in the kitchen, updated vanity, updated faucets, and new windows and sliding door. Add a few of your own upgrades and design touches to enjoy some instant equity. Check out the great built-ins along the bedroom wall that provide excellent storage, the efficient livable layout, and the balcony where you can enjoy outdoor living. Building has a concierge at the main entrance, lots of parking, and is conveniently located just off Reisterstown Road only minutes from the Baltimore Beltway and easy access to downtown Baltimore amenities. Note that the $166.01 monthly assessment will terminate in September 2025. * * Please note that elevator is currently inoperable and being replaced * *

Key facts

• $452 HOA
• Community pool
• Built 1968

Property features AI

Finance

• HOA & community: Monthly condo fee of $452 covering lawn maintenance, management, and water; Additional monthly fee of $169.58; Community amenities include concierge, elevator, security, and a pool; Pets allowed with size/weight restrictions

Exterior

• Parking: Parking lot
• Security: Building security; Concierge; Elevator
• Utilities: Public water; Public sewer
• Home design: Condominium penthouse in a mid-rise building (5–8 floors); Estimated year built
• Construction: Brick construction; Above grade and below grade structures
• Exterior features: Community pool; Outside city limits; Entry on level 2

Interior

• Kitchen: Kitchen (general — appliances not specified)
• Bedrooms: 1 bedroom on main level
• Bathrooms: 1 full bathroom on main level; 1 full bathroom total
• Heating & cooling: Central heating (electric); Central air conditioning (electric); Electric hot water
• Interior features: Living room; Dining room; Kitchen; No basement
• Laundry & utility: No in-unit washer/dryer hookup

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $75k.

Deal economics

• At list price, monthly cash flow is $124 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $75k).
• Recommended offer: $73k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.3% vs local median 2.6% in Pikesville — 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 69/100 on livability (#191 in MD) — a middle-class / working-renter tenant base. Strengths: employment A+, housing A+; Watch: schools C-, amenities F, commute F.
• 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.
• Market conditions: Rents rising fast (+5.6%/yr); 171 active listings in the ZIP; 10 comparable units currently listed for rent nearby; rentals leasing fast (median 14d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 1,511 units permitted in Baltimore County in 2024 (643 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $519 of loan paydown is wiped out by about $2k 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.
• At projected returns (-3.0% appreciation + 5.6% rent growth), your $21k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 59 days — a 3% lower offer ($73k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 21y 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 $57k; 32% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: HOA is 32% of rent.
• Climate carrying-cost: moderate wind risk, 23% 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 $72,750 (3.0% below list)

Questions for the listing agent

1. It's been on market 59 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 1968 — 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. 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 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: 1.90% ✓
• Cap rate: 8.28%
• Cash-on-cash: 7.09%
• DSCR: 1.32
• GRM: 4.4

CMA / ARV

• ARV (median comp): $92,810
• List price: $75,000
• Delta: -19.19%
• Verdict: UNDERPRICED
• Comps: 11 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 5.64% rent growth · sell at horizon

5-year hold

• IRR: -0.1%
• Equity multiple: 1.00×
• Total profit: $-56
• Equity at exit: $11,183

10-year hold

• IRR: 13.8%
• Equity multiple: 2.34×
• Total profit: $28,207
• Equity at exit: $6,485

Cash invested: $21,000 (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 21208

• Rents YoY: 5.6%
• Active inventory: 171
• Price-to-rent: 4.4×

Monthly cashflow live

• Estimated rent: $1,422 high
• Mortgage (P&I): −$393
• Tax from tax record: −$123 /mo · $1,471/yr
• Insurance: −$31
• HOA: −$452
• Vacancy / Maint / Mgmt: −$299
• Net cashflow: $124

Break-even live

Break-even rent $1,265

Max offer price $75,000

Occupancy floor 86%

Sensitivity live

Price	-10% $167	-5% $145	+0% $124	+5% $103	+10% $82
Rent	-10% $12	-5% $68	+0% $124	+5% $180	+10% $236
Rate	-1.0pp $162	-0.5pp $143	base $124	+0.5pp $105	+1.0pp $85

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: $18,750
• Closing costs: $2,250
• Reserves months: —
• Total cash needed: —

Rent comps 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
19 Warren Park Dr Pikesville, MD	3.0	1.0–2.0	903	$1,233	$1.37	4d	10	0.19mi
3607 Labyrinth Rd Baltimore, MD	1.0–3.0	1.0–2.0	925	$1,099	$1.19	20d	5	1.10mi
6825 Campfield Rd Gwynn Oak, MD	1.0	1.0	480	$3,000	$6.25	17d	1	1.22mi
4 Deauville Ct Pikesville, MD	1.0–3.0	1.0–2.0	1017	$1,331	$1.31	3d	24	1.23mi
3800 Fords Ln Baltimore, MD	1.0	1.0	710	$1,250	$1.76	2d	3	1.35mi
3014 Romaric Ct Baltimore, MD	1.0	1.0	720	$1,569	$2.18	4d	1	1.44mi
3014 Romaric Ct Baltimore, MD	1.0	1.0	720	$1,549	$2.15	44d	1	1.44mi
3014 Romaric Ct Baltimore, MD	1.0	1.0	680	$1,449	$2.13	25d	1	1.44mi
3014 Romaric Ct Baltimore, MD	1.0	1.0	720	$1,589	$2.21	13d	1	1.44mi
4008 Fordleigh Rd Baltimore, MD	1.0–2.0	1.0	695	$1,085	$1.56	5d	6	1.44mi

HOA detail condo

• Monthly dues: $452 · $5,424/yr
• Likely covers: doorman
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 38 events

1. 2026-06-21
   days on market $75,000 Active 59 DOM
2. 2026-06-18
   days on market $75,000 Active 56 DOM
3. 2026-06-17
   days on market $75,000 Active 55 DOM
4. 2026-06-16
   days on market $75,000 Active 54 DOM
5. 2026-06-15
   days on market $75,000 Active 53 DOM
6. 2026-06-13
   days on market $75,000 Active 51 DOM
7. 2026-06-09
   days on market $75,000 Active 47 DOM
8. 2026-06-08
   days on market $75,000 Active 46 DOM
9. 2026-06-07
   days on market $75,000 Active 45 DOM
10. 2026-06-04
    days on market $75,000 Active 42 DOM
11. 2026-06-03
    days on market $75,000 Active 41 DOM
12. 2026-06-02
    days on market $75,000 Active 40 DOM
13. 2026-06-01
    days on market $75,000 Active 39 DOM
14. 2026-05-31
    days on market $75,000 Active 38 DOM
15. 2026-04-24
    listed $75,000 Active 1751-char remark
16. 2026-04-24
    historical $75,000 1751-char remark
17. 2025-08-19
    soldstatus $57,000
18. 2025-07-24
    soldstatus $57,000 Closed 864-char remark

    Show marketing remark (864 chars)

    WHY RENT WHEN YOU CAN OWN? Check out this move-in-ready Pikesville condo priced to sell. Owner has made numerous upgrades including brand new carpet, vinyl plank flooring in the kitchen, updated vanity, updated faucets, and new windows and sliding door. Add a few of your own upgrades and design touches to enjoy some instant equity. Check out the great built-ins along the bedroom wall that provide excellent storage, the efficient livable layout, and the balcony where you can enjoy outdoor living. Building has a concierge at the main entrance, lots of parking, and is conveniently located just off Reisterstown Road only minutes from the Baltimore Beltway and easy access to downtown Baltimore amenities. Note that the $166.01 monthly assessment will terminate in September 2025. * * Please note that elevator is currently inoperable and being replaced * *

19. 2025-07-09
    historical Active Under Contract 864-char remark

    Show marketing remark (864 chars)

    WHY RENT WHEN YOU CAN OWN? Check out this move-in-ready Pikesville condo priced to sell. Owner has made numerous upgrades including brand new carpet, vinyl plank flooring in the kitchen, updated vanity, updated faucets, and new windows and sliding door. Add a few of your own upgrades and design touches to enjoy some instant equity. Check out the great built-ins along the bedroom wall that provide excellent storage, the efficient livable layout, and the balcony where you can enjoy outdoor living. Building has a concierge at the main entrance, lots of parking, and is conveniently located just off Reisterstown Road only minutes from the Baltimore Beltway and easy access to downtown Baltimore amenities. Note that the $166.01 monthly assessment will terminate in September 2025. * * Please note that elevator is currently inoperable and being replaced * *

20. 2025-07-04
    listed $57,500 Active 864-char remark

    Show marketing remark (864 chars)

    WHY RENT WHEN YOU CAN OWN? Check out this move-in-ready Pikesville condo priced to sell. Owner has made numerous upgrades including brand new carpet, vinyl plank flooring in the kitchen, updated vanity, updated faucets, and new windows and sliding door. Add a few of your own upgrades and design touches to enjoy some instant equity. Check out the great built-ins along the bedroom wall that provide excellent storage, the efficient livable layout, and the balcony where you can enjoy outdoor living. Building has a concierge at the main entrance, lots of parking, and is conveniently located just off Reisterstown Road only minutes from the Baltimore Beltway and easy access to downtown Baltimore amenities. Note that the $166.01 monthly assessment will terminate in September 2025. * * Please note that elevator is currently inoperable and being replaced * *

21. 2016-07-12
    soldstatus $45,000 Sold

    Show marketing remark (311 chars)

    Updated 1BD/1BA Unit in Elevator Bldg. with secure entry. Open concept layout with wonderful living spaces ideal for entertaining or everyday living. Fresh paint and new carpet throughout; new DW, Range/Oven, and Microwave. Conveniently located near schools, shopping, public transportation, and major highways.

22. 2016-07-12
    soldstatus $45,000

    Show marketing remark (311 chars)

    Updated 1BD/1BA Unit in Elevator Bldg. with secure entry. Open concept layout with wonderful living spaces ideal for entertaining or everyday living. Fresh paint and new carpet throughout; new DW, Range/Oven, and Microwave. Conveniently located near schools, shopping, public transportation, and major highways.

23. 2016-06-10
    price $45,000

    Show marketing remark (311 chars)

    Updated 1BD/1BA Unit in Elevator Bldg. with secure entry. Open concept layout with wonderful living spaces ideal for entertaining or everyday living. Fresh paint and new carpet throughout; new DW, Range/Oven, and Microwave. Conveniently located near schools, shopping, public transportation, and major highways.

24. 2016-06-09
    status Contingent (No Kick Out)

    Show marketing remark (311 chars)

    Updated 1BD/1BA Unit in Elevator Bldg. with secure entry. Open concept layout with wonderful living spaces ideal for entertaining or everyday living. Fresh paint and new carpet throughout; new DW, Range/Oven, and Microwave. Conveniently located near schools, shopping, public transportation, and major highways.

25. 2016-06-07
    price $49,900

    Show marketing remark (311 chars)

    Updated 1BD/1BA Unit in Elevator Bldg. with secure entry. Open concept layout with wonderful living spaces ideal for entertaining or everyday living. Fresh paint and new carpet throughout; new DW, Range/Oven, and Microwave. Conveniently located near schools, shopping, public transportation, and major highways.

26. 2016-06-07
    historical

    Show marketing remark (311 chars)

    Updated 1BD/1BA Unit in Elevator Bldg. with secure entry. Open concept layout with wonderful living spaces ideal for entertaining or everyday living. Fresh paint and new carpet throughout; new DW, Range/Oven, and Microwave. Conveniently located near schools, shopping, public transportation, and major highways.

27. 2016-05-12
    status Active

    Show marketing remark (311 chars)

    Updated 1BD/1BA Unit in Elevator Bldg. with secure entry. Open concept layout with wonderful living spaces ideal for entertaining or everyday living. Fresh paint and new carpet throughout; new DW, Range/Oven, and Microwave. Conveniently located near schools, shopping, public transportation, and major highways.

28. 2016-05-12
    historical

    Show marketing remark (311 chars)

    Updated 1BD/1BA Unit in Elevator Bldg. with secure entry. Open concept layout with wonderful living spaces ideal for entertaining or everyday living. Fresh paint and new carpet throughout; new DW, Range/Oven, and Microwave. Conveniently located near schools, shopping, public transportation, and major highways.

29. 2016-05-12
    listed $49,900 Active

    Show marketing remark (311 chars)

    Updated 1BD/1BA Unit in Elevator Bldg. with secure entry. Open concept layout with wonderful living spaces ideal for entertaining or everyday living. Fresh paint and new carpet throughout; new DW, Range/Oven, and Microwave. Conveniently located near schools, shopping, public transportation, and major highways.

30. 2016-05-12
    listed $49,900

    Show marketing remark (311 chars)

    Updated 1BD/1BA Unit in Elevator Bldg. with secure entry. Open concept layout with wonderful living spaces ideal for entertaining or everyday living. Fresh paint and new carpet throughout; new DW, Range/Oven, and Microwave. Conveniently located near schools, shopping, public transportation, and major highways.

31. 2007-06-11
    soldstatus $106,500
32. 2007-05-24
    soldstatus $106,500
33. 2007-05-01
    historical
34. 2007-03-18
    listed $109,900
35. 2005-04-15
    soldstatus $73,500
36. 2005-04-06
    historical
37. 2005-04-05
    listed $73,500
38. 2002-12-17
    soldstatus $55,000

ⓘ 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: $1,471 · $123/mo
• Projected year-2 tax: $1,471 · $123/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 5/10 Major 23% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,062
• − Mortgage interest: −$4,201
• − Property taxes: −$1,471
• − Insurance: −$375
• − Repairs & maintenance: −$1,365
• − Management: −$1,365
• − HOA: −$5,424
• − Depreciation: −$2,182
• Taxable income: $679
• Est. tax owed @ 24.0%: −$163
• After-tax cash flow: $1,326/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 — Pikesville

• Score: 69/100
• State rank: #191
• US rank: #8765

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Pikesville, MD
• County: Baltimore County · 769,527 people
• City population: 37,276
• Metro: Baltimore-Columbia-Towson, MD
• Population (ZIP): 37,276
• Household income: $90,131
• Rent vs Own: 33.1% rent · 66.9% own
• Severe rent burden: 1588.0

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 0.59)
• Race & ethnicity: White 47% Black 43% Hispanic / Latino 4% Two or more races 4% Asian 3%
• Common ancestry: Scotch-Irish 4% Romanian 3% Subsaharan African 2%
• Foreign-born: 12% · Canada, China
• Languages at home: 85% English-only · Spanish 4% Other Indo-European 2% Russian/Polish/Slavic 2%

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: ▼ -299.14%
• Current HPI: 237.5825
• Rent YoY: ▲ 5.64%
• 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

+36.4% since first listed

24 events — show timeline

• 2026-04-24 Listed $75,000 BRIGHT MLS
• 2026-04-24 Coming Soon $75,000 BRIGHT MLS
• 2025-08-19 Sold (Public Records) $57,000 Public Records
• 2025-07-24 Sold (MLS) $57,000 BRIGHT MLS
• 2025-07-09 Contingent — BRIGHT MLS
• 2025-07-04 Listed $57,500 BRIGHT MLS
• 2016-07-12 Sold (MLS) $45,000 BRIGHT MLS
• 2016-07-12 Sold (MLS) $45,000 MRIS
• 2016-06-10 Price Changed $45,000 MRIS
• 2016-06-09 Pending — MRIS
• 2016-06-07 Listing Removed — BRIGHT MLS
• 2016-06-07 Price Changed $49,900 MRIS
• 2016-05-12 Relisted — MRIS
• 2016-05-12 Delisted — MRIS
• 2016-05-12 Listed $49,900 MRIS
• 2016-05-12 Listed $49,900 BRIGHT MLS
• 2007-06-11 Sold (Public Records) $106,500 Public Records
• 2007-05-24 Sold (MLS) $106,500 MRIS
• 2007-05-01 Delisted — MRIS
• 2007-03-18 Listed $109,900 MRIS
• 2005-04-15 Sold (MLS) $73,500 MRIS
• 2005-04-06 Delisted — MRIS
• 2005-04-05 Listed $73,500 MRIS
• 2002-12-17 Sold (Public Records) $55,000 Public Records

Property tax history

+1.4%/yr

Latest (2025): $1,471 · +4.6% YoY. Source: county tax records.