Residential Income Property with
For Sale
$195,000
7115 SANDOWN CIRCLE Unit 201, Baltimore, MD 21244
Updated condominium residence with two private balconies, a gas fireplace, and a renovated kitchen.
Property Size1,034 SF
Days on Market29
Property Features for 7115 SANDOWN CIRCLE Unit 201
General Information
Standard status
Active
Size
1,034 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$1,899
Building Details
Building Size
1,034 SF
Year Built
1996
Listing Agency:
Weichert, Realtors - Integrity Home Team
Listed By:
Roxanne Roxanne Felder · License #670525
(443) 459-7331
Source:
Thehulsmangroup
Added: Sep 9
Changed: Oct 3
Last Checked: Oct 6 at 12:02AM
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 Weichert, Realtors - Integrity Home Team
Investment Insights
Based on property information with market context.
This residential income property is a condominium residence in Bristol Park Condominium community. The interior includes separate living and dining areas, newer carpeting, and a gas fireplace. An updated kitchen is equipped with granite countertops, stainless steel appliances, and contemporary cabinetry. Two private balconies provide outdoor space, with one adjoining the living room and another accessible from the primary bedroom.
Built in 1996, the property is located at 7115 Sandown Circle Unit 201 in Baltimore, Maryland. Its condominium setting and low-maintenance format are paired with a practical multi-area layout and updated interior finishes.
Built in 1996, the property is located at 7115 Sandown Circle Unit 201 in Baltimore, Maryland. Its condominium setting and low-maintenance format are paired with a practical multi-area layout and updated interior finishes.
Key Highlights
- Two private balconies, including one off the primary bedroom
- Updated kitchen with granite countertops and stainless steel appliances
- Gas fireplace serving the living area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,471
Cap Rate
6.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$269,420
$269.4K
Cap Rate 7%
$192,443
$192.4K
Cap Rate 9%
$149,678
$149.7K
Market Conditions
NOI Build-Up for 1,034 SF
Gross rent
$26.1K $25.20/SF
− Vacancy
−$1.6K −$1.51/SF
EGI
$24.5K $23.69/SF
− OpEx
−$11.0K −$10.66/SF
NOI
$13.5K $13.03/SF
Area
Baltimore, MD
Vacancy
6.00%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$269,420
Cap Rate 7%
$192,443
Cap Rate 9%
$149,678
Alternative Uses
Best Use
Apartment 5plus
$192.4K
$168.4K – $224.5K
NOI $13,471 @ 7.0% cap · market cap 6.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$247.7K
$216.8K – $289.0K
NOI $17,340 @ 7.0% cap · market cap 8.89%
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
532
Businesses Nearby
Explore this area
Business Placement
Demographics for 21244, MD
38,015
Population
15,006
Households
2.5
Avg Household Size
36
Median Age
35%
College-Educated
90%
High-School Grad
14.1 sq mi
ZIP Area
2,696
Density / Sq Mi
$84,849
Median Household Income
$45,367
Median Earnings
$1,538
Median Rent
$271,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated condominium residence with two private balconies, a gas fireplace, and a renovated kitchen.
Where is this residential income property located?
The property is located at 7115 SANDOWN CIRCLE Unit 201 Baltimore, MD.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: Two private balconies, including one off the primary bedroom; Updated kitchen with granite countertops and stainless steel appliances; Gas fireplace serving the living area
