Condominium with
For Sale
$270,000
200 BURKWOOD COURT Unit 200-3A, Bel Air, MD 21015
A private balcony, skylights, and fireplace complement flexible loft space in this two-bedroom residence.
Property Size1,420 SF
Price / SF$190.14
Days on Market37
Property Features for 200 BURKWOOD COURT Unit 200-3A
General Information
Standard status
Active
Size
1,420 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,125
Amenities
pool
Building Details
Building Size
1,420 SF
Year Built
1993
Listing Agency:
EXP Realty, LLC
Listed By:
Christopher T Drewer · License #594226
(410) 292-3218
Source:
Ghimirehomes
Added: Sep 23
Changed: Oct 27
Last Checked: Oct 26 at 3:55PM
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 EXP Realty, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1993, this 1,420-square-foot condominium has 2 bedrooms and 2 bathrooms, with a loft that can serve as a third bedroom or office. The home also features a private balcony, skylights, and a freestanding electric fireplace. The kitchen includes new LG appliances: a built-in microwave, electric oven/range, and refrigerator. Recent improvements include new carpet, toilets, sink and shower fixtures, a primary-bedroom ceiling fan, and a water heater installed in 2025; the interior has also been freshly painted. Remote-control blinds are included.
Community amenities include a pool and assigned parking. The association fee covers water, trash, and snow removal.
Community amenities include a pool and assigned parking. The association fee covers water, trash, and snow removal.
Key Highlights
- 1,420‑square‑foot condominium with 2 bedrooms and 2 bathrooms
- Loft offers potential use as a third bedroom or office
- Private balcony, skylights, and freestanding electric fireplace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,015
Cap Rate
7.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$380,300
$380.3K
Cap Rate 7%
$271,643
$271.6K
Cap Rate 9%
$211,278
$211.3K
Market Conditions
NOI Build-Up for 1,420 SF
Gross rent
$37.0K $26.04/SF
− Vacancy
−$2.4K −$1.69/SF
EGI
$34.6K $24.35/SF
− OpEx
−$15.6K −$10.96/SF
NOI
$19.0K $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%
$380,300
Cap Rate 7%
$271,643
Cap Rate 9%
$211,278
Alternative Uses
Best Use
Apartment 5plus
$271.6K
$237.7K – $316.9K
NOI $19,015 @ 7.0% cap · market cap 7.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$499.6K
$437.2K – $582.9K
NOI $34,975 @ 7.0% cap · market cap 12.95%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,041
Businesses Nearby
Explore this area
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
Frequently Asked Questions
What type of property is this?
Residential income property - A private balcony, skylights, and fireplace complement flexible loft space in this two-bedroom residence.
Where is this residential income property located?
The property is located at 200 BURKWOOD COURT Unit 200-3A Bel Air, MD.
What is the asking price?
The asking price for this property is $270,000.
What are key features of this property?
This property features: 1,420‑square‑foot condominium with 2 bedrooms and 2 bathrooms; Loft offers potential use as a third bedroom or office; Private balcony, skylights, and freestanding electric fireplace
