Residential Income Property with
For Sale
$229,900
208 WATER FOUNTAIN COURT Unit 103, Glen Burnie, MD 21060
Ground-level two-bedroom, two-bath condo with updated finishes, in-unit laundry, secured entry, and a private outdoor space.
Property Size965 SF
Days on Market230
Property Features for 208 WATER FOUNTAIN COURT Unit 103
General Information
Standard status
Active
Size
965 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$2,580
Building Details
Building Size
965 SF
Year Built
1999
Listing Agency:
Century 21 Redwood Realty
Listed By:
Michael J Burch · License #665246
(301) 404-5480
Source:
Thehulsmangroup
Added: Feb 18
Changed: Oct 3
Last Checked: Oct 5 at 11:39PM
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 Century 21 Redwood Realty
Investment Insights
Based on property information with market context.
This ground-level condominium offers two bedrooms and two full bathrooms within an open layout suited to everyday living. Recent improvements include fresh interior paint, new kitchen appliances, a brand-new oven, and new carpet in the primary bedroom. The living room includes a wood-burning fireplace and connects to a private patio overlooking common grounds. A breakfast bar links the kitchen to the main living area, while the in-unit washer and dryer add practical convenience. The primary bedroom features an ensuite bath and generous closet space, with a second bedroom and hall bathroom providing additional flexibility.
The property is located in the Cromwell Fountain community, with secured building access and community amenities. Shopping, dining, parks, BWI Airport, and major commuter routes are nearby.
The property is located in the Cromwell Fountain community, with secured building access and community amenities. Shopping, dining, parks, BWI Airport, and major commuter routes are nearby.
Key Highlights
- Ground‑level condo with 2 bedrooms and 2 full bathrooms
- Fresh paint, new kitchen appliances, brand‑new oven, and new carpet in the primary bedroom
- Private patio overlooking common grounds
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,024
Cap Rate
5.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$260,480
$260.5K
Cap Rate 7%
$186,057
$186.1K
Cap Rate 9%
$144,711
$144.7K
Market Conditions
NOI Build-Up for 965 SF
Gross rent
$25.2K $26.16/SF
− Vacancy
−$1.6K −$1.62/SF
EGI
$23.7K $24.54/SF
− OpEx
−$10.7K −$11.04/SF
NOI
$13.0K $13.50/SF
Area
Anne Arundel County, MD
Vacancy
6.20%
Lease Rate
$26.16 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$260,480
Cap Rate 7%
$186,057
Cap Rate 9%
$144,711
Alternative Uses
Best Use
Apartment 5plus
$186.1K
$162.8K – $217.1K
NOI $13,024 @ 7.0% cap · market cap 5.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$282.3K
$247.0K – $329.3K
NOI $19,760 @ 7.0% cap · market cap 8.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
727
Businesses Nearby
Explore this area
Business Placement
Demographics for 21060, MD
38,269
Population
15,988
Households
2.4
Avg Household Size
37
Median Age
32%
College-Educated
91%
High-School Grad
13.0 sq mi
ZIP Area
2,944
Density / Sq Mi
$99,739
Median Household Income
$57,005
Median Earnings
$1,620
Median Rent
$352,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Ground-level two-bedroom, two-bath condo with updated finishes, in-unit laundry, secured entry, and a private outdoor space.
Where is this residential income property located?
The property is located at 208 WATER FOUNTAIN COURT Unit 103 Glen Burnie, MD.
What is the asking price?
The asking price for this property is $229,900.
What are key features of this property?
This property features: Ground‑level condo with 2 bedrooms and 2 full bathrooms; Fresh paint, new kitchen appliances, brand‑new oven, and new carpet in the primary bedroom; Private patio overlooking common grounds
