Two-Bedroom Condominium with
For Sale
$329,900
311 WILLRICH CIRCLE Unit 311K, Forest Hill, MD 21050
Top-floor residence combines a separate den, elevator access, and an assigned garage and storage area.
Property Size1,340 SF
Price / SF$246.19
Days on Market76
Property Features for 311 WILLRICH CIRCLE Unit 311K
General Information
Standard status
Active
Size
1,340 SF
Elevators
Yes
Property subtype
Penthouse Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,779
Building Details
Building Size
1,340 SF
Year Built
2001
Listing Agency:
Integrity Real Estate
Listed By:
Linda L Welsh · License #78519
(410) 937-0905
Source:
Ghimirehomes
Added: Aug 16
Changed: Oct 27
Last Checked: Oct 26 at 3:22PM
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 Integrity Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,340-square-foot, two-bedroom, two-bath condominium was built in 2001 and occupies the top floor. The layout includes a living room with a gas fireplace, dining room, kitchen with breakfast bar and pantry, separate den, and laundry room. A screened balcony extends the living area, while the primary suite features a walk-in closet and an updated bath with double sinks and a walk-in shower. The second full bath has a tub and shower combination.
The owner replaced all windows, and the furnace is approximately six years old. An elevator serves the lower level, where the unit has an assigned garage space and storage area. The washer and dryer are included.
The owner replaced all windows, and the furnace is approximately six years old. An elevator serves the lower level, where the unit has an assigned garage space and storage area. The washer and dryer are included.
Key Highlights
- 1,340‑square‑foot, two‑bedroom, two‑bath condominium
- Top‑floor unit with screened balcony
- Separate den, dining room, and kitchen with breakfast bar and pantry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,944
Cap Rate
5.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$358,880
$358.9K
Cap Rate 7%
$256,343
$256.3K
Cap Rate 9%
$199,378
$199.4K
Market Conditions
NOI Build-Up for 1,340 SF
Gross rent
$34.9K $26.04/SF
− Vacancy
−$2.3K −$1.69/SF
EGI
$32.6K $24.35/SF
− OpEx
−$14.7K −$10.96/SF
NOI
$17.9K $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%
$358,880
Cap Rate 7%
$256,343
Cap Rate 9%
$199,378
Alternative Uses
Best Use
Apartment 5plus
$256.3K
$224.3K – $299.1K
NOI $17,944 @ 7.0% cap · market cap 5.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$471.5K
$412.6K – $550.1K
NOI $33,004 @ 7.0% cap · market cap 10.00%
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
379
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 residence combines a separate den, elevator access, and an assigned garage and storage area.
Where is this residential income property located?
The property is located at 311 WILLRICH CIRCLE Unit 311K Forest Hill, MD.
What is the asking price?
The asking price for this property is $329,900.
What are key features of this property?
This property features: 1,340‑square‑foot, two‑bedroom, two‑bath condominium; Top‑floor unit with screened balcony; Separate den, dining room, and kitchen with breakfast bar and pantry
