masterkey logo
18 Stone Chapel Ln
Score
0
Pikesville, MD

18 Stone Chapel Ln

530K
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Pikesville's older housing stock, there's a possibility this home was built in the mid-20th century, which could mean outdated systems and potential renovation needs.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, 1970
Edgar FlaksSachs Properties Llc
Deed
Non-Residential Arm's Length Transactions

Sunlight Analysis

Visualize how sunlight affects this property throughout the day and year.

Sunlight Analysis

Data provided by Shadowmap

Loading sunlight data...

Risk Assessment

Risk Analysis

Potential flooding risks in low-lying areas near the property need thorough investigation. The age of the house (if older) poses risks of major system failures, potentially requiring substantial investments in the near future. Zoning changes or new developments in the mixed residential-commercial area could impact property values. The competitive Pikesville market might lead to bidding wars, potentially pushing the price above the current asking price. Changes in local school zoning could affect the property's desirability and value. If located within the eruv, future home improvements might require coordination with the eruv association, potentially limiting some renovation options.

Price Prediction Challenge

Think you know what 18 Stone Chapel Ln will sell for? Put your market expertise to the test!

Be the first to predict

Your local insight could help set the benchmark for other buyers.

No predictions yet

Kick off the challenge by making your guess. You'll help other buyers get a feel for this property’s value—and you might just claim the top spot when it sells.

Financials

Monthly Costs
Market Rent (0 bed)

$1,220

Get a detailed estimate on Zillow®
Unlock Premium Features

Supercharge Your Property Analysis

Get unlimited AI-powered insights and analysis to make confident decisions about any property you're interested in.

Best for serious buyers
  • Unlimited AI analysis
  • Unlimited AI chat
  • Advanced tools & insights
$24.92/mo
Billed yearlySave 17% ($60/year)
Cancel anytime • 30-day money-back guarantee

Location & Comparables

Subject Property
Comparable Sales
View on Zillow

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

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

Frequently Asked Questions

Property Discussion

Start the Conversation

Share your insights on this property—did you visit the open house? Know of any hidden pros or cons? Your street-level knowledge could be exactly what another buyer needs.

You
Potential Savings
$15,894
Join 1,000+ buyers

Analyze Any Property for Free

Get instant insights and potential savings on any Zillow® listing.

Free Analysis
AI-Powered Insights
Instant Results

Similar Properties

204 Rhett Ln
Elkton, MD
74 pts

204 Rhett Ln

$425K
3
2
2,386
View Analysis
125 Kelly Ct
Elkton, MD
0 pts

125 Kelly Ct

$427K
3
3
2,184
View Analysis
8501 Rosebud Ct
Middletown, MD
0 pts

8501 Rosebud Ct

$589K
3
3
2,346
View Analysis
View All Properties