ASK: $280,000 | ARV: $420,000| BUY NOW: $285,000

SHOWING DATE = December 10TH = 1PM TO 3PM

Halethorpe Cape Cod on Large Lot — Strong Value Play Under Tax Assessment

PROPERTY BREAKDOWN
Key Facts

• 3 Beds / 3 Baths
• 1,296 SQFT above grade
• 775 SQFT finished basement
• Total: 2,160 SQFT
• 7,874 SQFT lot
• 1957 build
• Central heat (forced air)
• Public water & sewer
• Enclosed front porch + dormers
• Fireplace
• Basement finished
• No AC unit currently installed
• Exterior: Asbestos shingles

Condition Highlights

• Strong bones — structure looks solid with no visible major settlement or water issues.
• Basement is usable but dated; flooring/walls older and odor present.
• Kitchens and baths are clean but dated; not a flip-ready level.
• Enclosed front porch adds bonus space but needs cosmetic tightening.
• Mechanical systems appear operational but older.
• Roof condition appears serviceable from visible angles.
• No signs of major exterior rot or foundation cracks.
• Paint, flooring, fixtures and general modernizing would materially lift value.

VALUE POSITIONING

This property sits in a tight pocket where renovated Cape Cods range $390k–$420k, with a few pushing higher when layout and finishes justify it.

Your pricing case:

• Asking $280k
• Tax assessment: $309,267

Buy & Hold investors

• Strong rental demand in Halethorpe / Arbutus corridor
• 3 bed / 3 bath layout is ideal for long-term tenants
• Finished basement increases rental desirability
• Enclosed porch adds usable square footage
• Large yard + driveway + quiet residential block
• After rent-ready updates, expected rent: $2,400–$2,600/mo

Wholetail buyers

• Property is clean enough to list retail with:
  • flooring swap
  • odor remediation
  • light paint
  • basic fixture updates
• Retail buyers value the lot size + porch + basement + dormers + curb appeal potential.

Flip buyers 

• • Larger layout
  • Basement already finished
  • 1.5-story Cape Cod comps sell well when upgraded
  • ARV support up to $420k is realistic with a high-end cosmetic renovation.

COMPS SUMMARY 
399K Range

• Smaller
• No finished basement
• Standard layouts

• Smaller lots
• Smaller SQFT
• No porch
• No 3rd bath
•  → Your property has superior lot size, more finished space, and better expandability.

• Newer renovations
• Larger layouts or stronger floorplans
•  → Not ARV candidates but confirm ceiling for the neighborhood.

Final ARV justification:
 → $400k low, $420k achievable, assuming cosmetic reno.