Two-Bedroom Residential Income
7612 STONY CREEK LANE Unit 12 E L, Ellicott City, MD 21043
For Sale
$289,900
The single-level condo pairs refreshed interiors with access to shared community recreation.
Property Size954 SF
Days on Market122
Property Features for 7612 STONY CREEK LANE Unit 12 E L
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Highway Access
Taxes and HOA fees
Annual Taxes
Amenities
fireplace
community pool
tennis courts
walking paths
tot lots
in-unit washer/dryer
Building Details
Building Size
Year Built
Listing Agency:
Long & Foster Real Estate, Inc.
Listed By:
Georganne F Deckert · License #68917
(443) 463-6005
Source:
Bradkappel
Added: Jul 11
Changed: Nov 8
Last Checked: Nov 8 at 3:42PM
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.
Built in 1990, this two-bedroom condo offers single-level living with an open living and dining area and a two-sided fireplace. Recent interior work includes fresh paint, luxury vinyl plank flooring, carpeting, and a renovated full bath. The kitchen has white cabinetry and countertops with black appliances. The primary bedroom includes an ensuite bath and views of community green space; a laundry closet contains a full-size washer and dryer, with shelving nearby.
Residents have access to a summer pool, tennis courts, walking paths, and tot lots. The community is near Routes 100, 95, and 29, with parking available nearby.
Residents have access to a summer pool, tennis courts, walking paths, and tot lots. The community is near Routes 100, 95, and 29, with parking available nearby.
Key Highlights
- Two bedrooms and two full baths, including an ensuite with an oversized soaking tub
- Recent interior updates include fresh paint, luxury vinyl plank flooring, carpeting, and a renovated full bath
- Two‑sided fireplace serves the living and dining area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,007
Cap Rate
4.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$260,140
$260.1K
Cap Rate 7%
$185,814
$185.8K
Cap Rate 9%
$144,522
$144.5K
Market Conditions
NOI Build-Up for 954 SF
Gross rent
$24.8K $26.04/SF
− Vacancy
−$1.2K −$1.25/SF
EGI
$23.6K $24.79/SF
− OpEx
−$10.6K −$11.16/SF
NOI
$13.0K $13.63/SF
Area
Howard County, MD
Vacancy
4.80%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$260,140
Cap Rate 7%
$185,814
Cap Rate 9%
$144,522
Alternative Uses
Best Use
Apartment 5plus
$185.8K
$162.6K – $216.8K
NOI $13,007 @ 7.0% cap · market cap 4.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$353.8K
$309.6K – $412.8K
NOI $24,766 @ 7.0% cap · market cap 8.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
275
Businesses Nearby
Explore this area
Business Placement
Demographics for 21043, MD
48,775
Population
17,978
Households
2.7
Avg Household Size
39
Median Age
64%
College-Educated
95%
High-School Grad
17.1 sq mi
ZIP Area
2,852
Density / Sq Mi
$141,846
Median Household Income
$77,574
Median Earnings
$1,964
Median Rent
$607,300
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - The single-level condo pairs refreshed interiors with access to shared community recreation.
Where is this residential income property located?
The property is located at 7612 STONY CREEK LANE Unit 12 E L Ellicott City, MD.
What is the asking price?
The asking price for this property is $289,900.
What are key features of this property?
This property features: Two bedrooms and two full baths, including an ensuite with an oversized soaking tub; Recent interior updates include fresh paint, luxury vinyl plank flooring, carpeting, and a renovated full bath; Two‑sided fireplace serves the living and dining area
