Two-Bedroom Residential
For Sale
$244,900
1309 SHERIDAN PLACE Unit D, Bel Air, MD 21015
Garden-style living includes a private deck and access to shared recreational amenities.
Property Size1,050 SF
Price / SF$233.24
Days on Market35
Property Features for 1309 SHERIDAN PLACE Unit D
General Information
Standard status
Active
Size
1,050 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,216
Amenities
Clubhouse
Fitness Center
Outdoor in-ground pool
Patio
Tennis Courts
Private deck
Building Details
Building Size
1,050 SF
Year Built
1996
Construction
garden-style
Listing Agency:
Beiler-Campbell Realtors-Kennett Square
Listed By:
James Falls · License #5023817
(717) 205-7513
Source:
Ghimirehomes
Added: Sep 25
Changed: Oct 27
Last Checked: Oct 26 at 3:56PM
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 Beiler-Campbell Realtors-Kennett Square
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Investment Insights
Based on property information with market context.
This garden-style condominium offers 1,050 square feet arranged as two bedrooms and two full bathrooms. The open layout includes a primary bedroom with its own bath, a second bedroom, and a private deck. Built in 1996, the unit provides a residential income property in a condominium format.
Residents of Taylor Ridge Community have access to a clubhouse, fitness center, outdoor in-ground pool and patio, and tennis courts. The property is at 1309 Sheridan Place in Bel Air, Maryland, near shopping, dining, parks, and major commuter routes.
Residents of Taylor Ridge Community have access to a clubhouse, fitness center, outdoor in-ground pool and patio, and tennis courts. The property is at 1309 Sheridan Place in Bel Air, Maryland, near shopping, dining, parks, and major commuter routes.
Key Highlights
- Two‑bedroom, two‑bath condominium with 1,050 square feet
- Private deck and open layout
- Taylor Ridge Community amenities include a clubhouse, fitness center, outdoor in‑ground pool and patio, and tennis courts
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,061
Cap Rate
5.74%
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 5.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$369.5K
$323.3K – $431.0K
NOI $25,862 @ 7.0% cap · market cap 10.56%
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
240
Businesses Nearby
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Business Placement
Demographics for 21015, MD
30,400
Population
11,584
Households
2.6
Avg Household Size
41
Median Age
52%
College-Educated
96%
High-School Grad
31.2 sq mi
ZIP Area
974
Density / Sq Mi
$137,219
Median Household Income
$70,302
Median Earnings
$1,730
Median Rent
$418,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Garden-style living includes a private deck and access to shared recreational amenities.
Where is this residential income property located?
The property is located at 1309 SHERIDAN PLACE Unit D Bel Air, MD.
What is the asking price?
The asking price for this property is $244,900.
What are key features of this property?
This property features: Two‑bedroom, two‑bath condominium with 1,050 square feet; Private deck and open layout; Taylor Ridge Community amenities include a clubhouse, fitness center, outdoor in‑ground pool and patio, and tennis courts
