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    Spacious Townhome with Assumable VA Title is generated by Realmo AI

    7638 TIMBERCROSS LANE, Glen Burnie, MD 21060

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    For Sale
    $375,000

    Three-level townhome with a walk-out basement and private rear deck.

    Type:Condo/Townhome
    Property size:
    1,960 SF
    Lot size:
    0.04 Acres
    Price / SF:
    $191/SF
    Added:
    Dec 6, 2024
    Days on Market:
    577
    Last Refresh:
    Apr 6 at 1:34 am

    Property Features for 7638 TIMBERCROSS LANE

    General Information

    Standard status
    Active
    Size
    1,960 SF
    Lot size
    0.04 Acres
    Property subtype
    Condo/Townhome

    Building Details

    Year Built
    2013

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    Carlyn M Lowery
    Carlyn M Lowery

    Listing office EXP Realty, LLC

    Listing date Dec 6, 2024

    Source Exitrealty

    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 EXP Realty, LLC

    HighLights

    • Assumable VA loan option for qualified buyers.
    • Enjoy resort‑style amenities: pool, fitness center, clubhouse, playgrounds, dog park, sports courts, and walking trails.
    • Walk‑out lower level with flexible bonus room.
    • Primary suite boasts a walk‑in closet and luxury bath with custom tile shower and dual shower heads.
    • Open layout with hardwood floors and bright kitchen featuring granite counters, custom cabinetry, breakfast island, stainless steel appliances.
    • Convenient location for commuting to Fort Meade, NSA, Coast Guard, Baltimore, Annapolis, and BWI.

    Overview

    This spacious three-level townhome features a walk-out lower level and a private rear deck. The property offers an open layout with hardwood floors. The bright kitchen is equipped with granite counters, custom cabinetry, a breakfast island, and stainless steel appliances. The dining area opens to a small rear deck. The lower level includes a flexible bonus room with sliding doors to the backyard. Upstairs, the primary suite features a walk-in closet and a luxury bath with a custom tile shower and dual shower heads. Two additional bedrooms offer natural light and closet space. Located in Tanyard Springs, residents have access to resort-style amenities, including a pool, fitness center, clubhouse, playgrounds, dog park, sports courts, and walking trails. The property's location is convenient for commuting to Fort Meade, NSA, Coast Guard, Baltimore, Annapolis, and BWI. The property size is 1960 square feet.

    Local Financial Insights For Apartment 5plus

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $51.3k $26.16
    − Vacancy −$3.2k −$1.62
    EGI $48.1k $24.54
    − OpEx −$21.6k −$11.04
    NOI $26.5k $13.50
    1,960 SF · lease $26.16/SF/yr · vacancy 6.20% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $377.9K
    $330.7K – $440.9K (±1% cap)
    NOI $26,452 @ 7.0% cap · market cap 7.05%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $573.4K
    $501.7K – $668.9K (±1% cap)
    NOI $40,135 @ 7.0% cap · market cap 10.70%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential income properties

    Suggested Use

    Restaurant Spa & Massage Center Hair Salon Law Firm Nail Salon Accounting Firm Department Store Nursing Home Nursing Home Garden Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Glen Burnie
    County
    Anne Arundel
    State
    Maryland
    Longitude
    -76.5657378
    Latitude
    39.1708657

    FAQs

    What type of property is this?
    Residential income property - Three-level townhome with a walk-out basement and private rear deck.
    Where is this residential income property located?
    The property is located at 7638 TIMBERCROSS LANE Glen Burnie, MD.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: Assumable VA loan option for qualified buyers.; Enjoy resort‑style amenities: pool, fitness center, clubhouse, playgrounds, dog park, sports courts, and walking trails.; Walk‑out lower level with flexible bonus room.
    More about this property
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