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7 Pickering Ct APT 102
Germantown, MD

7 Pickering Ct APT 102

$280,600
2 bd • 2 ba • 1,110 sf

This analysis was generated by artificial intelligence on 1/24/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

List Price

$280,600

Price/Sq.Ft

$253

Year Built

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

The property at 7 Pickering Ct APT 102, Germantown, MD 20874 offers several attractive features. At $252.79/sqft, it's priced approximately 15% below the Germantown average of $297/sqft for similar properties. The kitchen appears recently updated with stainless steel appliances, granite countertops, and modern dark wood cabinetry, potentially adding $15,000-$20,000 in value. The 1,110 sqft layout efficiently accommodates 2 bedrooms and 2 bathrooms, making it ideal for small families or as an investment property. Current rental rates for 2-bedroom units in Germantown average $1,890/month, suggesting a potential gross rental yield of 8.1% (before expenses). The property's location in Germantown offers good access to job markets in both DC and Baltimore, with median household incomes of $103,443 indicating a strong local economy.

The Bad

The property's age is unknown, which could indicate potential hidden maintenance issues or outdated systems not visible in the provided image. The lack of detailed property features and descriptions makes it challenging to fully assess its condition and any recent upgrades beyond the kitchen. At 1,110 sqft, it's slightly smaller than the average 2-bedroom apartment in the area (typically around 1,200-1,300 sqft). The kitchen, while updated, appears to have limited counter space which may be a concern for avid cooks. The property's status as an apartment (APT 102) suggests it's part of a larger complex, which may come with HOA fees not disclosed in the provided information. These fees could significantly impact the overall cost of ownership.

The Ugly

Without knowing the year built, there's a risk of major systems (HVAC, plumbing, electrical) needing replacement soon if the building is older, potentially costing $15,000-$25,000. The lack of information on HOA fees is concerning, as these can range from $200-$500/month in similar Germantown complexes, significantly impacting affordability. Additionally, being an apartment, there may be restrictions on rentals or renovations, limiting investment flexibility. The property's location in a larger complex could also mean less control over common area maintenance and potential special assessments. Germantown's susceptibility to traffic congestion, especially on I-270, could negatively impact commute times and quality of life for residents.

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 first-time homebuyers or young professionals with household incomes around $75,000-$90,000 (based on a 28% front-end DTI ratio). It's ideal for singles or couples who prioritize a modern kitchen and don't require extensive living space. Investors looking for rental properties in a strong market could also benefit, given the potential 8.1% gross rental yield. The property would suit those who value proximity to both DC and Baltimore job markets, as Germantown offers a strategic location between the two cities.

Not For

This property is not suitable for larger families needing 3+ bedrooms or more than 1,110 sqft of living space. It's also not ideal for buyers seeking a single-family home with a yard or those who prioritize walkability to a town center, as Germantown lacks a centralized downtown area. Investors looking for short-term rentals or frequent flipping opportunities may face challenges due to potential HOA restrictions. Homebuyers with a budget exceeding $350,000 might find more spacious or feature-rich options in the Germantown area.
Demographics
Area Median Income

$103,443

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Risk Assessment

Risk Analysis

The unknown age of the property poses a significant risk, as it could lead to unexpected major repairs or replacements. Potential HOA fee increases could impact affordability over time. Germantown's traffic congestion, especially on I-270, may worsen with ongoing development, affecting property values and quality of life. The area has experienced some basement flooding issues in the past, and without knowing the specific flood risk for this property, it's a potential concern. Market saturation could be a risk, as Germantown continues to develop new housing units, potentially impacting future appreciation. The property's value may be more volatile than single-family homes in the area due to its status as an apartment in a larger complex.

Financials

Monthly Costs

Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Stats in the Area

Average Price

$333,667

18.9% above list price

Median Price

$330,000

Based on 6 recent sales

Price per Sq.Ft

$301

Comparable Properties

12901 CHURCHILL RIDGE CIR #9, GERMANTOWN, MD 20874
Price: $290,000
Sq.Ft: 1,122
Beds/Baths: 3/2
$/Sq.Ft:
$2582.2%
Sale Date: 11/16/2024
13315 NEERWINDER PL, GERMANTOWN, MD 20874
Price: $465,000
Sq.Ft: 1,099
Beds/Baths: 3/2
$/Sq.Ft:
$42367.4%
Sale Date: 10/16/2024
20663 SHADYSIDE WAY, GERMANTOWN, MD 20874
Price: $330,000
Sq.Ft: 1,149
Beds/Baths: 2/2
$/Sq.Ft:
$28713.6%
Sale Date: 10/17/2024
19816 LARENTIA DR, GERMANTOWN, MD 20874
Price: $375,000
Sq.Ft: 1,120
Beds/Baths: 3/2
$/Sq.Ft:
$33532.4%
Sale Date: 9/23/2024
12912 CHURCHILL RIDGE CIR #5-G, GERMANTOWN, MD 20874
Price: $282,000
Sq.Ft: 1,111
Beds/Baths: 2/2
$/Sq.Ft:
$2540.4%
Sale Date: 9/19/2024
13203 ASTORIA HILL CT #13203, GERMANTOWN, MD 20874
Price: $260,000
Sq.Ft: 1,040
Beds/Baths: 2/2
$/Sq.Ft:
$2501.1%
Sale Date: 10/9/2024

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