Residential Condominium with Private
106 BRIGHTWOOD CLUB DRIVE Unit 106, Lutherville Timonium, MD 21093
For Sale
$495,000
Pending
Three bedroom suites and community services are part of this home in a 62+ independent living community.
Property Size2,139 SF
Days on Market267
Property Features for 106 BRIGHTWOOD CLUB DRIVE Unit 106
General Information
Standard status
Size
Property subtype
Additional Details
Highway Access
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
hardwood floors
gas fireplace
private outdoor deck
large windows
pet-friendly
beautifully maintained landscaping
weekly laundry service
housekeeping
fine dining
personal shopper
wellness nurse
24-hour armed security
gym
indoor pool
library
snow removal
grounds maintenance
daily events
Building Details
Building Size
Year Built
Listing Agency:
Berkshire Hathaway HomeServices Homesale Realty
Listed By:
Sara Murphy · License MD #661776
(843) 819-8688
Source:
Genedru
Added: Feb 18
Changed: Nov 8
Last Checked: Nov 10 at 7:50PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway HomeServices Homesale Realty
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Investment Insights
Based on property information with market context.
This 2,139-square-foot condominium has three bedrooms and three full bathrooms. Hardwood floors run through the main living areas, where the living and dining spaces share a gas fireplace. The primary suite includes a private bath, generous closet space, and an outdoor deck; the other two bedroom suites offer flexible room arrangements. Large windows bring natural light into the home. Built in 1992, the residence is part of Brightwood Living, a 62+ independent living community.
The community occupies 50 acres in Greenspring Valley, with access to I-695 and I-83. Greenspring Station, with dining and shopping, and a Johns Hopkins medical facility are nearby. Community services and amenities include weekly laundry and housekeeping, fine dining, personal shopper availability, an on-site wellness nurse, 24-hour armed security, a gym, an indoor pool, a library, snow removal, grounds maintenance, and daily activities. Pets are allowed in the community.
The community occupies 50 acres in Greenspring Valley, with access to I-695 and I-83. Greenspring Station, with dining and shopping, and a Johns Hopkins medical facility are nearby. Community services and amenities include weekly laundry and housekeeping, fine dining, personal shopper availability, an on-site wellness nurse, 24-hour armed security, a gym, an indoor pool, a library, snow removal, grounds maintenance, and daily activities. Pets are allowed in the community.
Key Highlights
- Three bedrooms and three full bathrooms in 2,139 square feet
- Primary suite has a private outdoor deck, bath, and generous closet space
- Living and dining areas feature a gas fireplace and hardwood floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,416
Cap Rate
5.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$508,320
$508.3K
Cap Rate 7%
$363,086
$363.1K
Cap Rate 9%
$282,400
$282.4K
Market Conditions
NOI Build-Up for 2,139 SF
Gross rent
$49.8K $23.28/SF
− Vacancy
−$3.6K −$1.68/SF
EGI
$46.2K $21.60/SF
− OpEx
−$20.8K −$9.72/SF
NOI
$25.4K $11.88/SF
Area
Baltimore County, MD
Vacancy
7.20%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$508,320
Cap Rate 7%
$363,086
Cap Rate 9%
$282,400
Alternative Uses
Best Use
Apartment 5plus
$363.1K
$317.7K – $423.6K
NOI $25,416 @ 7.0% cap · market cap 5.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$476.9K
$417.3K – $556.4K
NOI $33,382 @ 7.0% cap · market cap 6.74%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
98
Businesses Nearby
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Business Placement
Demographics for 21093, MD
38,677
Population
16,313
Households
2.4
Avg Household Size
47
Median Age
68%
College-Educated
95%
High-School Grad
20.2 sq mi
ZIP Area
1,915
Density / Sq Mi
$121,771
Median Household Income
$70,188
Median Earnings
$1,581
Median Rent
$466,200
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Baltimore County, MD
Properties on Market for Residential income properties in Baltimore County
Frequently Asked Questions
What type of property is this?
Residential income property - Three bedroom suites and community services are part of this home in a 62+ independent living community.
Where is this residential income property located?
The property is located at 106 BRIGHTWOOD CLUB DRIVE Unit 106 Lutherville Timonium, MD.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Three bedrooms and three full bathrooms in 2,139 square feet; Primary suite has a private outdoor deck, bath, and generous closet space; Living and dining areas feature a gas fireplace and hardwood floors
