Elevator Penthouse
For Sale
$290,000
303 TIREE COURT Unit 402, Abingdon, MD 21009
Two bedrooms, two walk-in showers, and a screened balcony are among the residence’s practical features.
Property Size1,421 SF
Price / SF$204.08
Days on Market36
Property Features for 303 TIREE COURT Unit 402
General Information
Standard status
Active
Size
1,421 SF
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,398
Amenities
clubhouse
exercise room
pool
Building Details
Building Size
1,421 SF
Year Built
2006
Listing Agency:
Long & Foster Real Estate, Inc.
Listed By:
Michael S Phipps · License #500790
(410) 676-2229
Source:
Ghimirehomes
Added: Sep 25
Changed: Oct 27
Last Checked: Oct 27 at 3:17AM
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 Long & Foster Real Estate, Inc.
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Investment Insights
Based on property information with market context.
This 1,421-square-foot penthouse residence in a 55+ community has two bedrooms, two bathrooms, and elevator access. The kitchen features Silestone counters, cherry cabinetry, a 42-inch cabinet height, an island, and stainless steel appliances. A breakfast area connects with a family room, while the living and dining areas open to a screened balcony. Both bathrooms have granite and maple finishes with double walk-in showers; the primary bedroom also includes a walk-in closet.
Built in 2006, the residence has double-pane windows and a gas furnace. The tankless water heater dates to 2024, the washer to 2025, and the dryer to 2023. Community amenities include a clubhouse, exercise room, and a pool open during summer months.
Built in 2006, the residence has double-pane windows and a gas furnace. The tankless water heater dates to 2024, the washer to 2025, and the dryer to 2023. Community amenities include a clubhouse, exercise room, and a pool open during summer months.
Key Highlights
- 1,421‑square‑foot elevator penthouse residence in a 55+ community
- Two bedrooms and two bathrooms, each with a double walk‑in shower
- Kitchen with Silestone counters, cherry cabinetry, island, and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,029
Cap Rate
6.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$380,580
$380.6K
Cap Rate 7%
$271,843
$271.8K
Cap Rate 9%
$211,433
$211.4K
Market Conditions
NOI Build-Up for 1,421 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%
$380,580
Cap Rate 7%
$271,843
Cap Rate 9%
$211,433
Alternative Uses
Best Use
Apartment 5plus
$271.8K
$237.9K – $317.2K
NOI $19,029 @ 7.0% cap · market cap 6.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$500.0K
$437.5K – $583.3K
NOI $34,999 @ 7.0% cap · market cap 12.07%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
164
Businesses Nearby
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Business Placement
Demographics for 21009, MD
31,835
Population
13,106
Households
2.4
Avg Household Size
38
Median Age
40%
College-Educated
95%
High-School Grad
11.4 sq mi
ZIP Area
2,793
Density / Sq Mi
$117,017
Median Household Income
$62,845
Median Earnings
$1,680
Median Rent
$335,100
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Two bedrooms, two walk-in showers, and a screened balcony are among the residence’s practical features.
Where is this residential income property located?
The property is located at 303 TIREE COURT Unit 402 Abingdon, MD.
What is the asking price?
The asking price for this property is $290,000.
What are key features of this property?
This property features: 1,421‑square‑foot elevator penthouse residence in a 55+ community; Two bedrooms and two bathrooms, each with a double walk‑in shower; Kitchen with Silestone counters, cherry cabinetry, island, and stainless steel appliances
