Ground-Level Senior Living
508 BRIGHTWOOD CLUB DRIVE Unit 508, Lutherville Timonium, MD 21093
For Sale
New
$380,000
The home sits beside the community clubhouse and includes access to on-site dining, recreation, and resident services.
Property Size1,488 SF
Price / SF$255.38
Days on Market5
Property Features for 508 BRIGHTWOOD CLUB DRIVE Unit 508
General Information
Standard status
Size
Property subtype
Taxes and HOA fees
Annual Taxes
Amenities
dining room
gym
pool
club house
beauty salon
library
laundry service
concierge
weekly cleaning services
Building Details
Building Size
Year Built
Listing Agency:
Berkshire Hathaway HomeServices Homesale Realty
Listed By:
Sara Murphy · License MD #661776
(843) 819-8688
Source:
Thehulsmangroup
Added: Nov 9
Changed: Nov 12
Last Checked: Nov 12 at 2:41PM
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 Berkshire Hathaway HomeServices Homesale Realty
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Investment Insights
Based on property information with market context.
This 1,488-square-foot residence offers two bedrooms and two full bathrooms on one level. Interior features include hardwood flooring, crown molding, custom kitchen cabinetry, granite counters, stainless steel appliances, built-in storage, and a living-room fireplace. A terrace extends the living area outdoors, while generous closets and window treatments add practical storage and finish details. The home was built in 1991 and has fresh paint and new hardwood floors.
The residence is within Brightwood, a gated community for adults aged 62 and older, and is located next to the clubhouse. Community amenities and services include a dining room, gym, pool, beauty salon, library, laundry service, concierge, and weekly cleaning. The property also has an assigned garage and driveway parking spaces.
The residence is within Brightwood, a gated community for adults aged 62 and older, and is located next to the clubhouse. Community amenities and services include a dining room, gym, pool, beauty salon, library, laundry service, concierge, and weekly cleaning. The property also has an assigned garage and driveway parking spaces.
Key Highlights
- 1,488‑square‑foot residence with 2 bedrooms and 2 full bathrooms
- Ground‑level layout with terrace off the living room
- Built in 1991; fresh paint and new hardwood floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,681
Cap Rate
4.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$353,620
$353.6K
Cap Rate 7%
$252,586
$252.6K
Cap Rate 9%
$196,456
$196.5K
Market Conditions
NOI Build-Up for 1,488 SF
Gross rent
$34.6K $23.28/SF
− Vacancy
−$2.5K −$1.68/SF
EGI
$32.1K $21.60/SF
− OpEx
−$14.5K −$9.72/SF
NOI
$17.7K $11.88/SF
Area
Baltimore County, MD
Vacancy
7.20%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$353,620
Cap Rate 7%
$252,586
Cap Rate 9%
$196,456
Alternative Uses
Best Use
Apartment 5plus
$252.6K
$221.0K – $294.7K
NOI $17,681 @ 7.0% cap · market cap 4.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$331.7K
$290.3K – $387.0K
NOI $23,222 @ 7.0% cap · market cap 6.11%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
98
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 21093, MD
38,677
Population
16,313
Households
2.4
Avg Household Size
47
Median Age
68%
College-Educated
95%
High-School Grad
20.2 sq mi
ZIP Area
1,915
Density / Sq Mi
$121,771
Median Household Income
$70,188
Median Earnings
$1,581
Median Rent
$466,200
Median Home Value
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Similar Off Market Nearby
- Brightwood — 100 Brightwood Clb Dr, Timonium, MD 21093
Frequently Asked Questions
What type of property is this?
Senior housing / Retirement Home - The home sits beside the community clubhouse and includes access to on-site dining, recreation, and resident services.
Where is this senior housing / retirement home located?
The property is located at 508 BRIGHTWOOD CLUB DRIVE Unit 508 Lutherville Timonium, MD.
What is the asking price?
The asking price for this property is $380,000.
What are key features of this property?
This property features: 1,488‑square‑foot residence with 2 bedrooms and 2 full bathrooms; Ground‑level layout with terrace off the living room; Built in 1991; fresh paint and new hardwood floors
