2-Bedroom Residential Income
For Sale
$279,900
203 KIMARY COURT Unit 203-K, Forest Hill, MD 21050
Top-floor home with a private balcony, community amenities, and water and sewer covered by the condo fee.
Property Size1,400 SF
Price / SF$199.93
Days on Market101
Property Features for 203 KIMARY COURT Unit 203-K
General Information
Standard status
Active
Size
1,400 SF
Property subtype
Penthouse Unit/Flat/Apartment
Additional Details
Furnished
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,289
Amenities
pool
walking trails
clubhouse
playground
Building Details
Building Size
1,400 SF
Year Built
1994
Listing Agency:
EXP Realty, LLC
Listed By:
Teal Clise · License #646248
(443) 570-3931
Source:
Ghimirehomes
Added: Jul 22
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This top-floor condo has two bedrooms and two full bathrooms, with no unit above. The primary suite includes an en suite bath, walk-in closet, and private balcony. A second bedroom provides additional space, and furniture is included. The water heater was replaced in 2023. The condo fee covers water and sewer, and the unit has an assigned parking space with additional guest parking available.
Residents have access to a community pool, walking trails, clubhouse, and playground. Grocery stores, restaurants, banks, coffee shops, and other everyday services are within walking distance. Verizon Fios and Comcast are available.
Residents have access to a community pool, walking trails, clubhouse, and playground. Grocery stores, restaurants, banks, coffee shops, and other everyday services are within walking distance. Verizon Fios and Comcast are available.
Key Highlights
- Two bedrooms and two full baths in a top‑floor condo
- Private balcony and walk‑in closet off the primary suite
- Water heater replaced in 2023
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,747
Cap Rate
6.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$374,940
$374.9K
Cap Rate 7%
$267,814
$267.8K
Cap Rate 9%
$208,300
$208.3K
Market Conditions
NOI Build-Up for 1,400 SF
Gross rent
$36.5K $26.04/SF
− Vacancy
−$2.4K −$1.69/SF
EGI
$34.1K $24.35/SF
− OpEx
−$15.3K −$10.96/SF
NOI
$18.7K $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%
$374,940
Cap Rate 7%
$267,814
Cap Rate 9%
$208,300
Alternative Uses
Best Use
Apartment 5plus
$267.8K
$234.3K – $312.5K
NOI $18,747 @ 7.0% cap · market cap 6.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$492.6K
$431.0K – $574.7K
NOI $34,482 @ 7.0% cap · market cap 12.32%
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
320
Businesses Nearby
Explore this area
Business Placement
Demographics for 21050, MD
18,681
Population
6,507
Households
2.9
Avg Household Size
44
Median Age
47%
College-Educated
96%
High-School Grad
29.0 sq mi
ZIP Area
644
Density / Sq Mi
$123,750
Median Household Income
$69,489
Median Earnings
$1,646
Median Rent
$439,200
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - Top-floor home with a private balcony, community amenities, and water and sewer covered by the condo fee.
Where is this residential income property located?
The property is located at 203 KIMARY COURT Unit 203-K Forest Hill, MD.
What is the asking price?
The asking price for this property is $279,900.
What are key features of this property?
This property features: Two bedrooms and two full baths in a top‑floor condo; Private balcony and walk‑in closet off the primary suite; Water heater replaced in 2023
