Condominium with Garage
For Sale
$339,900
8612 FLUTTERING LEAF TRAIL Unit 208, Odenton, MD 21113
A private balcony and attached garage with overhead storage add useful features to this 55+ community residence.
Property Size1,400 SF
Price / SF$242.79
Days on Market106
Property Features for 8612 FLUTTERING LEAF TRAIL Unit 208
General Information
Standard status
Active
Size
1,400 SF
Total Parking Spaces
1
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,399
Amenities
private balcony
multiple outdoor swimming pools
indoor pool
fitness center
tennis and pickleball courts
walking and biking trails
parks
community center
Building Details
Building Size
1,400 SF
Year Built
2005
Listing Agency:
Academy Realty Inc.
Listed By:
Kyriacos P. Papaleonti · License #523377
(410) 991-4465
Source:
Canopy-re
Added: Jul 17
Changed: Oct 27
Last Checked: Oct 26 at 2:39PM
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 Academy Realty Inc.
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Investment Insights
Based on property information with market context.
Built in 2005, this condominium offers an open-plan layout, a private balcony and an attached garage space. A pulley system in the garage lifts storage bins overhead, leaving room to park. The garage is near the building entrance and elevator. The residence is in Cedar Ridge, a 55+ condominium community within Piney Orchard.
Piney Orchard amenities include outdoor and indoor swimming pools, a fitness center, tennis and pickleball courts, walking and biking trails, parks and a community center. Gorc Park Nature Preserve is nearby. Shopping, dining and medical facilities are also in the surrounding area, with major commuter routes serving Baltimore, Annapolis, Washington, D.C., and Fort Meade.
Piney Orchard amenities include outdoor and indoor swimming pools, a fitness center, tennis and pickleball courts, walking and biking trails, parks and a community center. Gorc Park Nature Preserve is nearby. Shopping, dining and medical facilities are also in the surrounding area, with major commuter routes serving Baltimore, Annapolis, Washington, D.C., and Fort Meade.
Key Highlights
- 55+ condominium community in Piney Orchard
- Attached garage space includes a pulley system for overhead storage
- Private balcony and open‑plan layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,894
Cap Rate
5.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$377,880
$377.9K
Cap Rate 7%
$269,914
$269.9K
Cap Rate 9%
$209,933
$209.9K
Market Conditions
NOI Build-Up for 1,400 SF
Gross rent
$36.6K $26.16/SF
− Vacancy
−$2.3K −$1.62/SF
EGI
$34.4K $24.54/SF
− OpEx
−$15.5K −$11.04/SF
NOI
$18.9K $13.50/SF
Area
Anne Arundel County, MD
Vacancy
6.20%
Lease Rate
$26.16 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$377,880
Cap Rate 7%
$269,914
Cap Rate 9%
$209,933
Alternative Uses
Best Use
Apartment 5plus
$269.9K
$236.2K – $314.9K
NOI $18,894 @ 7.0% cap · market cap 5.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$409.5K
$358.4K – $477.8K
NOI $28,668 @ 7.0% cap · market cap 8.43%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
197
Businesses Nearby
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Business Placement
Demographics for 21113, MD
35,670
Population
16,103
Households
2.2
Avg Household Size
36
Median Age
51%
College-Educated
98%
High-School Grad
15.0 sq mi
ZIP Area
2,378
Density / Sq Mi
$125,081
Median Household Income
$68,955
Median Earnings
$2,152
Median Rent
$401,900
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A private balcony and attached garage with overhead storage add useful features to this 55+ community residence.
Where is this residential income property located?
The property is located at 8612 FLUTTERING LEAF TRAIL Unit 208 Odenton, MD.
What is the asking price?
The asking price for this property is $339,900.
What are key features of this property?
This property features: 55+ condominium community in Piney Orchard; Attached garage space includes a pulley system for overhead storage; Private balcony and open‑plan layout
