55+ Community One-Bedroom
12319 STONEHAVEN LANE Unit S-17, Bowie, MD 20715
For Sale
$200,000
The unit includes a private deck, in-home laundry, and a walk-in tub and shower.
Property Size1,059 SF
Days on Market18
Property Features for 12319 STONEHAVEN LANE Unit S-17
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Highway Access
Public Transit
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
chair lift
storage
social room
walking path
Building Details
Building Size
Year Built
Listing Agency:
Weichert Realtors - Blue Ribbon
Listed By:
Colleen J Deegan-Price · License #674251
(443) 926-2944
Source:
Bradkappel
Added: Oct 23
Changed: Nov 8
Last Checked: Nov 8 at 2:42PM
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 Weichert Realtors - Blue Ribbon
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Investment Insights
Based on property information with market context.
Set within a 55+ community in Bowie, this one-bedroom, one-bath condominium has a separate living and dining area, a kitchen with stainless steel appliances, and an in-unit utility and laundry room with washer and dryer. The bedroom includes a sitting area and walk-in closet, while the bathroom has a walk-in tub and shower. Laminate flooring serves the living and dining areas; the bedroom has carpeting. Windows were replaced in 2016, and a chair lift is installed by the steps leading to the main living area.
A deck extends from the living room. Community amenities include assigned parking, storage, and a social room. HOA-covered services include water, sewer, trash, and exterior building and grounds maintenance. A walking path and park are next to the community, with nearby library, grocery, retail, and medical services. Public transportation and major highways are accessible, and a senior transportation bus can be scheduled for trips to the Bowie Senior Center and other destinations.
A deck extends from the living room. Community amenities include assigned parking, storage, and a social room. HOA-covered services include water, sewer, trash, and exterior building and grounds maintenance. A walking path and park are next to the community, with nearby library, grocery, retail, and medical services. Public transportation and major highways are accessible, and a senior transportation bus can be scheduled for trips to the Bowie Senior Center and other destinations.
Key Highlights
- One‑bedroom, one‑bath condominium in a 55+ community
- Walk‑in closet and bedroom sitting area
- Kitchen with stainless steel appliances and adjacent laundry room with washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,257
Cap Rate
7.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$285,140
$285.1K
Cap Rate 7%
$203,671
$203.7K
Cap Rate 9%
$158,411
$158.4K
Market Conditions
NOI Build-Up for 1,059 SF
Gross rent
$27.6K $26.04/SF
− Vacancy
−$1.7K −$1.56/SF
EGI
$25.9K $24.48/SF
− OpEx
−$11.7K −$11.01/SF
NOI
$14.3K $13.46/SF
Area
Prince George's County, MD
Vacancy
6.00%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$285,140
Cap Rate 7%
$203,671
Cap Rate 9%
$158,411
Alternative Uses
Best Use
Apartment 5plus
$203.7K
$178.2K – $237.6K
NOI $14,257 @ 7.0% cap · market cap 7.13%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$341.6K
$298.9K – $398.6K
NOI $23,914 @ 7.0% cap · market cap 11.96%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
316
Businesses Nearby
Explore this area
Business Placement
Demographics for 20715, MD
27,127
Population
9,168
Households
3
Avg Household Size
41
Median Age
48%
College-Educated
94%
High-School Grad
14.0 sq mi
ZIP Area
1,938
Density / Sq Mi
$139,962
Median Household Income
$63,411
Median Earnings
$2,523
Median Rent
$437,600
Median Home Value
Market
Average Price Trend$/SF for Residential income properties in Prince George's County, MD
Properties on Market for Residential income properties in Prince George's County
Frequently Asked Questions
What type of property is this?
Residential income property - The unit includes a private deck, in-home laundry, and a walk-in tub and shower.
Where is this residential income property located?
The property is located at 12319 STONEHAVEN LANE Unit S-17 Bowie, MD.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: One‑bedroom, one‑bath condominium in a 55+ community; Walk‑in closet and bedroom sitting area; Kitchen with stainless steel appliances and adjacent laundry room with washer and dryer
