Main-Level Two-Bedroom
For Sale
$181,000
108 BAYLAND DRIVE #108-18, Havre de Grace, MD 21078
A private balcony faces shared community grounds, while a separate dining room and laundry room add useful interior spaces.
Property Size1,050 SF
Days on Market13
Property Features for 108 BAYLAND DRIVE #108-18
General Information
Standard status
Active
Size
1,050 SF
Property subtype
Apartment
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Multifamily Units
1
Amenities
pool
covered cabana area
grills
seating
security door
balcony
laundry room
Building Details
Building Size
1,050 SF
Year Built
1999
Listing Agency:
Star Realty Inc.
Listed By:
Kimberly J. Novak · License #576835
(410) 652-5260
Source:
Karolinakemski.kw
Added: Sep 30
Changed: Oct 7
Last Checked: Oct 11 at 3:23AM
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 Star Realty Inc.
Investment Insights
Based on property information with market context.
This 2-bedroom, 2-bath condominium is on the main level and was built in 1999. Its layout includes a foyer, separate dining room, living room, kitchen with pantry, and a dedicated laundry room. The primary bedroom has a walk-in closet, and sliding doors open to a balcony overlooking the community grounds. The building has a secured entry with keypad access.
Residents have access to an in-ground pool, covered cabana, grills, and seating. The property is near Route 155, with access to I-95, and is close to Havre de Grace’s waterfront, promenade, restaurants, shopping, and schools.
Residents have access to an in-ground pool, covered cabana, grills, and seating. The property is near Route 155, with access to I-95, and is close to Havre de Grace’s waterfront, promenade, restaurants, shopping, and schools.
Key Highlights
- Main‑level condominium with 2 bedrooms and 2 bathrooms
- Built in 1999
- Balcony overlooks shared community grounds
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,061
Cap Rate
7.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$281,220
$281.2K
Cap Rate 7%
$200,871
$200.9K
Cap Rate 9%
$156,233
$156.2K
Market Conditions
NOI Build-Up for 1,050 SF
Gross rent
$27.3K $26.04/SF
− Vacancy
−$1.8K −$1.69/SF
EGI
$25.6K $24.35/SF
− OpEx
−$11.5K −$10.96/SF
NOI
$14.1K $13.39/SF
Area
Harford County, MD
Vacancy
6.50%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$281,220
Cap Rate 7%
$200,871
Cap Rate 9%
$156,233
Alternative Uses
Best Use
Apartment 5plus
$200.9K
$175.8K – $234.4K
NOI $14,061 @ 7.0% cap · market cap 7.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$369.5K
$323.3K – $431.0K
NOI $25,862 @ 7.0% cap · market cap 14.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
37
Businesses Nearby
Explore this area
Business Placement
Demographics for 21078, MD
20,321
Population
8,760
Households
2.3
Avg Household Size
46
Median Age
41%
College-Educated
93%
High-School Grad
30.1 sq mi
ZIP Area
675
Density / Sq Mi
$109,451
Median Household Income
$53,942
Median Earnings
$1,331
Median Rent
$355,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - A private balcony faces shared community grounds, while a separate dining room and laundry room add useful interior spaces.
Where is this residential income property located?
The property is located at 108 BAYLAND DRIVE #108-18 Havre de Grace, MD.
What is the asking price?
The asking price for this property is $181,000.
What are key features of this property?
This property features: Main‑level condominium with 2 bedrooms and 2 bathrooms; Built in 1999; Balcony overlooks shared community grounds
