Score
0Towson, MD
28 Allegheny Ave APT 2710
238K
3 beds
3 baths
1,583 sqft
3 bd • 3 ba • 1,583 sf
This analysis was generated on 1/23/2025. 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
$237,900
Price/Sq.Ft
$150
Year Built
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
This property excels with its prime location in downtown Towson, as evidenced by the commercial establishments visible in the image. At $150.28/sqft, it's priced significantly below the average for Towson, which typically ranges from $200-$250/sqft. The 1,583 sqft layout is spacious, offering 3 bedrooms and 3 bathrooms, making it versatile for various living arrangements. Its central location likely contributes to a high walk score, estimated at 85+. The property is part of a multi-unit building, suggesting potential amenities and shared maintenance costs. Current rental rates for 3-bedroom units in Towson average $2,600/month, indicating a potential gross yield of 13.1% annually.
The Bad
The property's construction year is unknown, which raises concerns about potential hidden issues and future maintenance costs. There's a lack of information on specific features, utilities, and systems, making it difficult to assess the overall condition and potential upcoming expenses. The presence of commercial spaces on the ground floor (Underground Pizza Co.) may lead to increased foot traffic and noise. The moving truck in the image suggests frequent tenant turnover in the area, which could impact property values and community stability.
The Ugly
The lack of parking visible in the image, combined with Towson's known parking challenges, could be a significant issue for residents and visitors. The property's location in a mixed-use building may result in higher HOA fees to cover commercial space maintenance. There's potential for noise and odor issues from the restaurant below. The area's high property taxes (typical for Baltimore County) combined with possible special tax districts could significantly increase the total cost of ownership. The ongoing development in Towson, while potentially beneficial for property values, may lead to construction noise and disruption in the short term.
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 young professionals or small families with household incomes around $80,000-$100,000, based on the median income of $90,032 in Towson. It's perfect for those prioritizing a central location with easy access to dining and entertainment. Investors looking for properties with strong rental potential in a college town market (due to Towson University) may find this attractive. The 3-bedroom layout also suits roommate situations, potentially appealing to graduate students or young professionals sharing housing costs.
Not For
Not suitable for buyers seeking a quiet, suburban environment due to its downtown location. The lack of visible parking makes it impractical for multi-car households or those reliant on personal vehicles. Not ideal for investors looking for low-maintenance, turnkey properties due to the unknown age and condition of the building. The mixed-use nature of the building may not appeal to families with young children who prioritize residential-only environments.
Demographics
Area Median Income
$90,032
Property History
Price History
Ownership Timeline
$157,500Cash Purchase
May 18, 2018Baltimore Cummunity Property AssociationMelinda Wharton
Special Warranty Deed
Standard Sale (Purchase/Resales)
$30,000Cash Purchase
Nov 6, 2017Morgan Stanely Mortgage Capitla HoldingBaltimore Community Property Assication
Deed
Standard Sale (Purchase/Resales)
$155,000Cash Purchase
Jan 1, 1970T Bayard Williams JrRaymond E Boulay Jr
Deed
Standard Sale (Purchase/Resales)
$0Cash Purchase
Jan 1, 1970T Bayard Williams JrT Bayard Williams Jr, Shirley I Williams
Deed
Non-Arm's Length Transactions
$139,900Cash Purchase
Jan 1, 1970Gerald D KleeT Bayard Williams Jr, Shirley I Williams
Deed
Standard Sale (Purchase/Resales)
$0Cash Purchase
Jan 1, 1970Gerald D KleeGerald D Klee, Carol Bergfeld Mills
Deed
Non-Arm's Length Transactions
Sunlight Analysis
Visualize how sunlight affects this property throughout the day and year.
Sunlight Analysis
Data provided by Shadowmap
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Schools
Nearby school quality by education level
Elementary
8.0/10
ExcellentMiddle
5.0/10
AverageHigh
7.0/10
GoodFinancials
Monthly Costs
Market Rent (3 bed)
Get a detailed estimate on Zillow$1,400
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$237,900
Price/sqft
$150
Layout
3 bd•3 ba
Stats in the Area
Based on 6 comparable properties nearby
Average Price
$389,000
38.8%
Your price is 38.8% below average
Median Price
$310,000
23.3%
Based on 6 recent sales
Price per Sq.Ft
$226
33.5%
Your price is 33.5% below average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 905 LOCUSTVALE RD, TOWSON, MD 21204 | $415,000 | 1,786 | 3 | 3 | $23254.6% | 10/10/2024 |
| 536 PICCADILLY RD, TOWSON, MD 21204 | $705,000 | 1,745 | 3 | 3 | $404168.8% | 9/25/2024 |
| 510 OVERCREST RD, TOWSON, MD 21286 | $310,000 | 1,834 | 4 | 3 | $16912.5% | 10/9/2024 |
| 20 THEO LN #20, TOWSON, MD 21204 | $305,000 | 1,850 | 3 | 3 | $1659.7% | 9/20/2024 |
| 3 SOUTHERLY CT #106, TOWSON, MD 21286 | $290,000 | 1,550 | 2 | 2 | $18724.5% | 12/12/2024 |
| 3 SOUTHERLY CT #608, TOWSON, MD 21286 | $309,000 | 1,566 | 2 | 2 | $19731.3% | 11/28/2024 |
905 LOCUSTVALE RD, TOWSON, MD 21204
Price: $415,000
Sq.Ft: 1,786
Beds/Baths: 3/3
$/Sq.Ft:
$23254.6%
Sale Date: 10/10/2024
536 PICCADILLY RD, TOWSON, MD 21204
Price: $705,000
Sq.Ft: 1,745
Beds/Baths: 3/3
$/Sq.Ft:
$404168.8%
Sale Date: 9/25/2024
510 OVERCREST RD, TOWSON, MD 21286
Price: $310,000
Sq.Ft: 1,834
Beds/Baths: 4/3
$/Sq.Ft:
$16912.5%
Sale Date: 10/9/2024
20 THEO LN #20, TOWSON, MD 21204
Price: $305,000
Sq.Ft: 1,850
Beds/Baths: 3/3
$/Sq.Ft:
$1659.7%
Sale Date: 9/20/2024
3 SOUTHERLY CT #106, TOWSON, MD 21286
Price: $290,000
Sq.Ft: 1,550
Beds/Baths: 2/2
$/Sq.Ft:
$18724.5%
Sale Date: 12/12/2024
3 SOUTHERLY CT #608, TOWSON, MD 21286
Price: $309,000
Sq.Ft: 1,566
Beds/Baths: 2/2
$/Sq.Ft:
$19731.3%
Sale Date: 11/28/2024
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