Building Details

Building Size 1,357 SF

Year Built 2008

Listing Agency: Keller Williams Lucido Agency

Listed By: Robert J Lucido · License #17628 Show Phone

Source: Genedru

Added: Jun 24 Changed: Oct 27 Last Checked: Oct 26 at 2:33PM

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Investment Insights

Based on property information with market context.

This 1,357-square-foot condominium residence was built in 2008 and is located on the second floor. Its two bedrooms and two full bathrooms are complemented by a separate den, a combined living and dining area, and a covered balcony. A gas fireplace anchors the main living space, which connects to the kitchen through a breakfast bar and pass-through. The kitchen includes wood cabinetry, white appliances, a pantry, and a laundry closet. The primary bedroom has two closets and an ensuite bath with a dual-sink vanity; the second bedroom has dual-entry access to the other full bathroom. Elevator service is available in the building.

The home is in Courtyards at Waverly Woods East, a 55+ community in Woodstock, Maryland. Community amenities include an outdoor pool, tennis courts, and common grounds.

Key Highlights

• 2 bedrooms and 2 full bathrooms in 1,357 finished square feet
• Second‑floor condominium residence built in 2008
• Covered balcony, gas fireplace, and separate den

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$18,502

Cap Rate

5.07%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$370,040 $370.0K

Cap Rate 7%

$264,314 $264.3K

Cap Rate 9%

$205,578 $205.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,357 SF

Gross rent

$35.3K $26.04/SF

− Vacancy

−$1.7K −$1.25/SF

EGI

$33.6K $24.79/SF

− OpEx

−$15.1K −$11.16/SF

NOI

$18.5K $13.63/SF

Area

Howard County, MD

Vacancy

4.80%

Lease Rate

$26.04 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$370,040

Cap Rate 7%

$264,314

Cap Rate 9%

$205,578

Alternative Uses

Best Use

Apartment 5plus

$264.3K

$231.3K – $308.4K (±1% cap)

NOI $18,502 @ 7.0% cap · market cap 5.07%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$503.2K

$440.3K – $587.1K (±1% cap)

NOI $35,227 @ 7.0% cap · market cap 9.65%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Lease Details

1

Residential units

Location Intelligence

Trade Area within ½ mile

339

Businesses Nearby

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Demographics for 21163, MD

7,657

Population

2,693

Households

2.8

Avg Household Size

45

Median Age

61%

College-Educated

98%

High-School Grad

13.6 sq mi

ZIP Area

563

Density / Sq Mi

$131,154

Median Household Income

$70,903

Median Earnings

$1,370

Median Rent

$598,700

Median Home Value

Frequently Asked Questions

What type of property is this?

Residential income property - Elevator-served second-floor residence in a 55+ community, with a den and covered outdoor space.

Where is this residential income property located?

The property is located at 11185 CHAMBERS COURT Unit H Woodstock, MD.

What is the asking price?

The asking price for this property is $364,900.

What are key features of this property?

This property features: 2 bedrooms and 2 full bathrooms in 1,357 finished square feet; Second‑floor condominium residence built in 2008; Covered balcony, gas fireplace, and separate den