Residential Income Property with
For Sale
$349,900
110 PONYTAIL LANE Unit 112, Taneytown, MD 21787
A 55+ community condo combines updated kitchen finishes with private indoor and outdoor spaces.
Property Size1,419 SF
Price / SF$246.58
Days on Market15
Property Features for 110 PONYTAIL LANE Unit 112
General Information
Standard status
Active
Size
1,419 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,331
Amenities
indoor pool
outdoor pool
community center
Building Details
Building Size
1,419 SF
Year Built
2006
Listing Agency:
RE/MAX Advantage Realty
Listed By:
Christine A Centofanti · License #319228
(410) 913-8924
Source:
Cornerstoneagencymd
Added: Oct 16
Changed: Oct 27
Last Checked: Oct 26 at 2:40PM
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 RE/MAX Advantage Realty
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Investment Insights
Based on property information with market context.
This 1,419-square-foot condo was built in 2006 and features an eat-in kitchen with granite counters, a subway tile backsplash, and laminate flooring. A sunroom connects to a composite deck with an awning, with steps leading down to a patio. The primary bedroom includes an attached bathroom with a shower and double vanity, plus a linen closet and walk-in closet. A roof replacement was completed in 2025, and gutter guards are installed.
Residents of the 55+ community have access to indoor and outdoor pools, a community center, and organized activities.
Residents of the 55+ community have access to indoor and outdoor pools, a community center, and organized activities.
Key Highlights
- 1,419‑square‑foot condo built in 2006
- Roof replaced in 2025; gutter guards installed
- 55+ community with indoor and outdoor pools and a community center
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,931
Cap Rate
4.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$318,620
$318.6K
Cap Rate 7%
$227,586
$227.6K
Cap Rate 9%
$177,011
$177.0K
Market Conditions
NOI Build-Up for 1,419 SF
Gross rent
$30.7K $21.60/SF
− Vacancy
−$1.7K −$1.19/SF
EGI
$29.0K $20.41/SF
− OpEx
−$13.0K −$9.19/SF
NOI
$15.9K $11.23/SF
Area
Carroll County, MD
Vacancy
5.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$318,620
Cap Rate 7%
$227,586
Cap Rate 9%
$177,011
Alternative Uses
Best Use
Apartment 5plus
$227.6K
$199.1K – $265.5K
NOI $15,931 @ 7.0% cap · market cap 4.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$526.2K
$460.5K – $614.0K
NOI $36,837 @ 7.0% cap · market cap 10.53%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
136
Businesses Nearby
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Business Placement
Demographics for 21787, MD
11,066
Population
4,429
Households
2.5
Avg Household Size
42
Median Age
19%
College-Educated
93%
High-School Grad
61.1 sq mi
ZIP Area
181
Density / Sq Mi
$88,212
Median Household Income
$48,026
Median Earnings
$870
Median Rent
$344,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A 55+ community condo combines updated kitchen finishes with private indoor and outdoor spaces.
Where is this residential income property located?
The property is located at 110 PONYTAIL LANE Unit 112 Taneytown, MD.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: 1,419‑square‑foot condo built in 2006; Roof replaced in 2025; gutter guards installed; 55+ community with indoor and outdoor pools and a community center
