Elevator-Access Residential Income
For Sale
$305,000
202 SECRETARIAT DRIVE Unit 202-P, Havre de Grace, MD 21078
A fourth-floor condominium in a gated community with pools, fitness facilities, and racquet courts.
Property Size1,585 SF
Price / SF$192.43
Days on Market15
Property Features for 202 SECRETARIAT DRIVE Unit 202-P
General Information
Standard status
Active
Size
1,585 SF
Elevators
Yes
Property subtype
Penthouse Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,340
Amenities
gated community
community center
indoor and outdoor swimming pools
fitness center
pickleball courts
tennis courts
golf access
Building Details
Building Size
1,585 SF
Year Built
2007
Listing Agency:
ExecuHome Realty
Listed By:
Kevin S Bandy · License #586947
(410) 322-5761
Source:
Ghimirehomes
Added: Oct 15
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 ExecuHome Realty
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Investment Insights
Based on property information with market context.
This 1,585-square-foot condominium occupies the fourth floor of a residential building in a gated community. The home has two bedrooms and two full bathrooms, with elevator service to the floor. Corian countertops are installed in the kitchen, and the HVAC system and hot water heater have both been replaced. The building dates to 2007.
Community amenities include indoor and outdoor swimming pools, a fitness center, pickleball and tennis courts, and a community center. Golf is available nearby. The property is in Havre de Grace, with shopping, dining, waterfront attractions, and major commuter routes described as minutes away.
Community amenities include indoor and outdoor swimming pools, a fitness center, pickleball and tennis courts, and a community center. Golf is available nearby. The property is in Havre de Grace, with shopping, dining, waterfront attractions, and major commuter routes described as minutes away.
Key Highlights
- Fourth‑floor condominium with elevator access
- 1,585 square feet with 2 bedrooms and 2 full bathrooms
- Located in a gated community in Havre de Grace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,225
Cap Rate
6.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$424,500
$424.5K
Cap Rate 7%
$303,214
$303.2K
Cap Rate 9%
$235,833
$235.8K
Market Conditions
NOI Build-Up for 1,585 SF
Gross rent
$41.3K $26.04/SF
− Vacancy
−$2.7K −$1.69/SF
EGI
$38.6K $24.35/SF
− OpEx
−$17.4K −$10.96/SF
NOI
$21.2K $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%
$424,500
Cap Rate 7%
$303,214
Cap Rate 9%
$235,833
Alternative Uses
Best Use
Apartment 5plus
$303.2K
$265.3K – $353.8K
NOI $21,225 @ 7.0% cap · market cap 6.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$557.7K
$488.0K – $650.7K
NOI $39,039 @ 7.0% cap · market cap 12.80%
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
52
Businesses Nearby
Explore this area
Business Placement
Demographics for 21078, MD
20,321
Population
8,760
Households
2.3
Avg Household Size
46
Median Age
41%
College-Educated
93%
High-School Grad
30.1 sq mi
ZIP Area
675
Density / Sq Mi
$109,451
Median Household Income
$53,942
Median Earnings
$1,331
Median Rent
$355,500
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - A fourth-floor condominium in a gated community with pools, fitness facilities, and racquet courts.
Where is this residential income property located?
The property is located at 202 SECRETARIAT DRIVE Unit 202-P Havre de Grace, MD.
What is the asking price?
The asking price for this property is $305,000.
What are key features of this property?
This property features: Fourth‑floor condominium with elevator access; 1,585 square feet with 2 bedrooms and 2 full bathrooms; Located in a gated community in Havre de Grace
