55+ Condo With
For Sale
$345,000
261 BECKENHAM CIRCLE Unit 402, Bel Air, MD 21014
A two-bedroom, two-bath residence offers a separate loft and private balcony in a 55+ community.
Property Size1,750 SF
Price / SF$197.14
Days on Market72
Property Features for 261 BECKENHAM CIRCLE Unit 402
General Information
Standard status
Active
Size
1,750 SF
Property subtype
Penthouse Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$3,487
Amenities
private balcony
loft
vaulted ceilings
crown molding
plantation shutters
granite countertops
stainless steel appliances
breakfast bar
pantry
laundry area
ceiling fan
walk-in shower
dual sink vanity
ceramic tile flooring
Building Details
Building Size
1,750 SF
Year Built
2010
Listing Agency:
Cummings & Co Realtors
Listed By:
Lana Ophardt · License #574191
(443) 540-1801
Source:
Ghimirehomes
Added: Aug 19
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 Cummings & Co Realtors
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Investment Insights
Based on property information with market context.
This 1,750-square-foot condominium, built in 2010, has two bedrooms and two full bathrooms arranged at opposite ends of the residence. Its open main level includes vaulted ceilings, crown molding, plantation shutters, and a loft overlooking the living area. The kitchen features granite countertops, stainless steel appliances, a breakfast bar, and a pantry. A laundry area includes a new washing machine. The primary suite has two closets, including a walk-in, and an ensuite bath with a walk-in shower and dual-sink vanity.
A private balcony overlooks green space and trees, with access from the dining room. The community is designated for residents age 55 and older. Shopping, dining, two access paths to the Ma & Pa Trail, Rt 24, and Rt 1 are described as minutes away.
A private balcony overlooks green space and trees, with access from the dining room. The community is designated for residents age 55 and older. Shopping, dining, two access paths to the Ma & Pa Trail, Rt 24, and Rt 1 are described as minutes away.
Key Highlights
- 1,750 square feet; built in 2010
- Two bedrooms and two full baths positioned at opposite ends of the residence
- Second‑level loft above the main living area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,434
Cap Rate
6.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$468,680
$468.7K
Cap Rate 7%
$334,771
$334.8K
Cap Rate 9%
$260,378
$260.4K
Market Conditions
NOI Build-Up for 1,750 SF
Gross rent
$45.6K $26.04/SF
− Vacancy
−$3.0K −$1.69/SF
EGI
$42.6K $24.35/SF
− OpEx
−$19.2K −$10.96/SF
NOI
$23.4K $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%
$468,680
Cap Rate 7%
$334,771
Cap Rate 9%
$260,378
Alternative Uses
Best Use
Apartment 5plus
$334.8K
$292.9K – $390.6K
NOI $23,434 @ 7.0% cap · market cap 6.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$615.8K
$538.8K – $718.4K
NOI $43,103 @ 7.0% cap · market cap 12.49%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,148
Businesses Nearby
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Business Placement
Demographics for 21014, MD
38,395
Population
14,975
Households
2.6
Avg Household Size
41
Median Age
45%
College-Educated
94%
High-School Grad
13.9 sq mi
ZIP Area
2,762
Density / Sq Mi
$113,825
Median Household Income
$59,656
Median Earnings
$1,571
Median Rent
$407,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A two-bedroom, two-bath residence offers a separate loft and private balcony in a 55+ community.
Where is this residential income property located?
The property is located at 261 BECKENHAM CIRCLE Unit 402 Bel Air, MD.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: 1,750 square feet; built in 2010; Two bedrooms and two full baths positioned at opposite ends of the residence; Second‑level loft above the main living area
