Score
0Pikesville, MD
18 Stone Chapel Ln
530K
3,918 sqft
bd • ba • 3,918 sf
This analysis was generated on 1/24/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
List Price
$529,800
Price/Sq.Ft
$135
Year Built
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
The property at 18 Stone Chapel Ln, Pikesville, MD 21208 offers exceptional value at $135.22/sqft, which is significantly lower than the area average of approximately $200-$250/sqft for similar properties. With 3,918 sqft, it's approximately 60% larger than the average home in Pikesville, providing ample space for various uses. The location appears to be in a well-established, tree-lined neighborhood with good access to main roads, potentially reducing commute times. The aerial image shows a mix of residential and commercial areas nearby, suggesting convenient access to amenities. The property's price of $529,800 is well-positioned for the local market, considering the median income of $87,912 and current rental rates for larger homes.
The Bad
The lack of specific information about the property's age, number of bedrooms and bathrooms, and features makes it challenging to fully assess its condition and potential maintenance needs. Given Pikesville's older housing stock, there's a possibility this home was built in the mid-20th century, which could mean outdated systems and potential renovation needs. The property's large size (3,918 sqft) may lead to higher utility and maintenance costs compared to smaller homes in the area. The aerial image suggests a densely populated area, which might result in less privacy and potentially more traffic congestion.
The Ugly
Baltimore County's high property taxes could significantly increase the total cost of ownership. Based on average rates, annual property taxes could be around $6,600-$7,900, which is substantial. If the property is older, it may require immediate or near-future major system replacements (HVAC, roof, plumbing) that could cost $20,000-$50,000 or more. The aerial image shows some properties near wooded areas, which could indicate a higher risk of pest issues or potential flooding in low-lying areas. If the property is part of an HOA, there could be additional monthly fees and restrictions to consider, which are not disclosed in the provided information.
Who is this property for?
These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.
Best For
This property is best suited for buyers with a household income of $150,000+ annually, based on a 28% front-end debt-to-income ratio for the mortgage payment alone. It's ideal for large families or multi-generational households needing significant space. The property could also appeal to investors looking to convert the large space into a multi-unit rental, potentially yielding $4,000-$5,000/month in total rent based on current market rates. Professionals working from home would benefit from the extra space for home offices. Given its size and potential for appreciation in a desirable area, it could also attract long-term investors looking for wealth accumulation through real estate.
Not For
This property is not suitable for first-time homebuyers or those with limited budgets due to its size and potential maintenance costs. Singles or couples without children may find the space excessive and costly to maintain. It's not ideal for those seeking a low-maintenance lifestyle or planning frequent relocations due to its size and potential upkeep requirements. Buyers looking for modern, move-in ready properties might be disappointed if significant updates are needed. Those highly sensitive to property tax burdens should also be cautious, given Baltimore County's high rates.
Demographics
Area Median Income
$87,912
Property History
Price History
Ownership Timeline
$65,000Cash Purchase
Jan 1, 1970Edgar FlaksSachs Properties Llc
Deed
Non-Residential Arm's Length Transactions
Sunlight Analysis
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Sunlight Analysis
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Financials
Monthly Costs
Market Rent (0 bed)
Get a detailed estimate on Zillow$1,220
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$529,800
Price/sqft
$135
Layout
0 bd•0 ba
Stats in the Area
Based on 6 comparable properties nearby
Average Price
$559,133
5.2%
Your price is 5.2% below average
Median Price
$599,900
11.7%
Based on 6 recent sales
Price per Sq.Ft
$156
13.3%
Your price is 13.3% below average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 8906 GRIFFIN WAY, PIKESVILLE, MD 21208 | $499,900 | 3,344 | 3 | 3 | $14910.6% | 11/22/2024 |
| 107 MOUNT WILSON LN, PIKESVILLE, MD 21208 | $585,000 | 4,152 | 5 | 4 | $1414.2% | 10/10/2024 |
| 101 MT WILSON LN, PIKESVILLE, MD 21208 | $615,000 | 3,600 | 4 | 4 | $17126.3% | 10/6/2024 |
| 8900 GRIFFIN WAY #8900, PIKESVILLE, MD 21208 | $599,900 | 3,696 | 3 | 3 | $16220.0% | 9/20/2024 |
| 102 OLD HOUSE CT #102, PIKESVILLE, MD 21208 | $405,000 | 3,150 | 4 | 4 | $1294.9% | 11/1/2024 |
| 200 GLENN ELLEN, PIKESVILLE, MD 21208 | $650,000 | 3,554 | 3 | 3 | $18335.3% | 9/15/2024 |
8906 GRIFFIN WAY, PIKESVILLE, MD 21208
Price: $499,900
Sq.Ft: 3,344
Beds/Baths: 3/3
$/Sq.Ft:
$14910.6%
Sale Date: 11/22/2024
107 MOUNT WILSON LN, PIKESVILLE, MD 21208
Price: $585,000
Sq.Ft: 4,152
Beds/Baths: 5/4
$/Sq.Ft:
$1414.2%
Sale Date: 10/10/2024
101 MT WILSON LN, PIKESVILLE, MD 21208
Price: $615,000
Sq.Ft: 3,600
Beds/Baths: 4/4
$/Sq.Ft:
$17126.3%
Sale Date: 10/6/2024
8900 GRIFFIN WAY #8900, PIKESVILLE, MD 21208
Price: $599,900
Sq.Ft: 3,696
Beds/Baths: 3/3
$/Sq.Ft:
$16220.0%
Sale Date: 9/20/2024
102 OLD HOUSE CT #102, PIKESVILLE, MD 21208
Price: $405,000
Sq.Ft: 3,150
Beds/Baths: 4/4
$/Sq.Ft:
$1294.9%
Sale Date: 11/1/2024
200 GLENN ELLEN, PIKESVILLE, MD 21208
Price: $650,000
Sq.Ft: 3,554
Beds/Baths: 3/3
$/Sq.Ft:
$18335.3%
Sale Date: 9/15/2024
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