Score
0Bel Air, MD
8 E Mac Phail Rd
450K
3 beds
3 baths
2,580 sqft
3 bd • 3 ba • 2,580 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.
AI Property Analysis
0:000:00 / 0:00
List Price
$449,900
Price/Sq.Ft
$174
Year Built
1940
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
This 1940 colonial home offers exceptional value at $174.38/sqft, which is significantly below the Bel Air average of $200-$250/sqft for similar properties. The 2,580 sqft of living space is 20% larger than the typical 3-bedroom home in the area. Recent renovations have modernized the property, including a gourmet kitchen with custom granite counters (estimated value: $15,000-$20,000), luxury bathroom upgrades (estimated value: $10,000-$12,000), and energy-efficient additions like added insulation (potential 10-15% reduction in energy costs). The 0.31-acre lot provides ample outdoor space, a rarity for properties this close to downtown Bel Air. Its walk score of 80 puts it in the top 10% of properties in Bel Air for accessibility to amenities. The property's flood risk score of 1/10 is exceptional, significantly reducing insurance costs and long-term risks.
The Bad
The property's age (built in 1940) may lead to higher maintenance costs despite recent renovations. The oil heating system, while functional, is less efficient than modern alternatives and may need replacement in the near future (estimated cost: $6,000-$8,000). The rapid price increase from $289,000 in November 2024 to the current listing of $449,900 (a 55.7% jump) may raise concerns about overpricing, potentially leading to a longer time on market. The severe heat risk score of 7/10 is concerning, with 7 extremely hot days per year, which could lead to higher cooling costs and potential comfort issues.
The Ugly
The property's wind risk score of 5/10 (major) is a significant concern, potentially leading to 20-30% higher insurance premiums and increased risk of storm damage. The rapid appreciation since the last sale (55.7% in less than two months) may indicate potential market volatility or speculative pricing, which could impact future resale value. The oil heating system, while functional, is environmentally unfriendly and may face increasing regulation or costs in the future. The moderate air quality risk (3/10) with 2 bad air days per year could be a health concern for sensitive individuals.
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 ideal for families or professionals seeking a spacious home close to urban amenities. With 3 bedrooms and 2.5 baths, it can comfortably accommodate a family of 4-5. The walkable location (0.2 miles from Homestead/Wakefield Elementary School, rated 8/10) makes it perfect for families with school-age children. The gourmet kitchen and luxury bathroom upgrades appeal to buyers seeking modern amenities without the hassle of renovation. Investors could potentially earn $2,009/month in rent (based on local 3-bedroom rental rates), suggesting a potential gross yield of 5.3% annually.
Not For
This property is not suitable for buyers on a tight budget, given the $449,900 price tag and potential for high maintenance costs due to its age. It's also not ideal for those seeking a turnkey investment property, as the recent price jump may limit near-term appreciation potential. Individuals sensitive to heat or with respiratory issues may find the severe heat risk (7/10) and moderate air quality risk (3/10) problematic. The property may not suit those looking for a more rural setting, given its proximity to downtown and smaller lot size compared to more outlying areas of Bel Air.
Demographics
Area Median Income
$100,556
Property History
Price History
Ownership Timeline
$0Cash Purchase
Aug 22, 2015Robert P StoreyRobert P Storey, Anne C Storey
Intrafamily Transfer
Non-Arm's Length Transactions
$200,000Cash Purchase
Feb 4, 2011Diana Marie Brown, Diana M GivensRobert P Storey
Deed
Standard Sale (Purchase/Resales)
$199,900Cash Purchase
Jan 1, 1970Angela M CherryDiana M Givens
Deed
Standard Sale (Purchase/Resales)
$114,000Cash Purchase
Jan 1, 1970John J GostomskiAngela M Cherry
Deed
Standard Sale (Purchase/Resales)
Property Taxes
$2,806
2024 Tax Assessment
4.9%from previous year
Assessed Value$257,433
Tax Rate1.09%
Sunlight Analysis
Visualize how sunlight affects this property throughout the day and year.
Sunlight Analysis
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Schools
Nearby school quality by education level
Elementary
8.0/10
ExcellentMiddle
7.0/10
GoodHigh
7.0/10
GoodFinancials
Monthly Costs
Market Rent (3 bed)
Get a detailed estimate on Zillow$1,082
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$449,900
Price/sqft
$174
Layout
3 bd•3 ba
Days on market
13 daysat time of analysis
Stats in the Area
Based on 6 comparable properties nearby
Average Price
$495,525
9.2%
Your price is 9.2% below average
Median Price
$482,000
6.7%
Based on 6 recent sales
Price per Sq.Ft
$198
11.9%
Your price is 11.9% below average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 106 N LYNBROOK RD, BEL AIR, MD 21014 | $482,000 | 2,533 | 3 | 3 | $1909.1% | 11/20/2024 |
| 7 E BROOK HILL CT, BEL AIR, MD 21014 | $630,000 | 2,896 | 4 | 3 | $21824.8% | 11/4/2024 |
| 616 PONDEROSA DR, BEL AIR, MD 21014 | $460,152 | 2,299 | 3 | 3 | $20014.8% | 10/29/2024 |
| 4 INVERNESS WAY, BEL AIR, MD 21014 | $506,000 | 2,198 | 4 | 3 | $23032.0% | 10/18/2024 |
| 4 HUNTER DR, BEL AIR, MD 21014 | $420,000 | 2,576 | 4 | 3 | $1636.5% | 8/25/2024 |
| 900 CHASE CT, BEL AIR, MD 21014 | $475,000 | 2,572 | 3 | 3 | $1855.9% | 8/22/2024 |
106 N LYNBROOK RD, BEL AIR, MD 21014
Price: $482,000
Sq.Ft: 2,533
Beds/Baths: 3/3
$/Sq.Ft:
$1909.1%
Sale Date: 11/20/2024
7 E BROOK HILL CT, BEL AIR, MD 21014
Price: $630,000
Sq.Ft: 2,896
Beds/Baths: 4/3
$/Sq.Ft:
$21824.8%
Sale Date: 11/4/2024
616 PONDEROSA DR, BEL AIR, MD 21014
Price: $460,152
Sq.Ft: 2,299
Beds/Baths: 3/3
$/Sq.Ft:
$20014.8%
Sale Date: 10/29/2024
4 INVERNESS WAY, BEL AIR, MD 21014
Price: $506,000
Sq.Ft: 2,198
Beds/Baths: 4/3
$/Sq.Ft:
$23032.0%
Sale Date: 10/18/2024
4 HUNTER DR, BEL AIR, MD 21014
Price: $420,000
Sq.Ft: 2,576
Beds/Baths: 4/3
$/Sq.Ft:
$1636.5%
Sale Date: 8/25/2024
900 CHASE CT, BEL AIR, MD 21014
Price: $475,000
Sq.Ft: 2,572
Beds/Baths: 3/3
$/Sq.Ft:
$1855.9%
Sale Date: 8/22/2024
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