Score
0Germantown, MD
7 Pickering Ct APT 102
281K
2 beds
2 baths
1,110 sqft
2 bd • 2 ba • 1,110 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
$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The property's age is unknown, which could indicate potential hidden maintenance issues or outdated systems not visible in the provided image.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
Property History
Price History
Ownership Timeline
$250,000Cash Purchase
Jan 1, 1970Sonja L BaillacheDavid Hunsberger
Deed
Non-Residential Arm's Length Transactions
$124,900Cash Purchase
Jan 1, 1970Ammar NajarSonja L Baillache
Deed
Standard Sale (Purchase/Resales)
$68,757Cash Purchase
Jan 1, 1970Sec Of Housing & Urban DevAmmar Najar
Deed
Standard Sale (Purchase/Resales)
$75,908Cash Purchase
Jan 1, 1970H Rockefeller RobertDepartment Of Hud
Foreclosure
Foreclosure
Sunlight Analysis
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Sunlight Analysis
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Schools
Nearby school quality by education level
Elementary
6.0/10
GoodMiddle
4.0/10
AverageHigh
3.0/10
Below AverageFinancials
Monthly Costs
Market Rent (2 bed)
Get a detailed estimate on Zillow$1,890
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$280,600
Price/sqft
$253
Layout
2 bd•2 ba
Stats in the Area
Based on 6 comparable properties nearby
Average Price
$333,667
15.9%
Your price is 15.9% below average
Median Price
$330,000
15.0%
Based on 6 recent sales
Price per Sq.Ft
$301
16.0%
Your price is 16.0% below average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 12901 CHURCHILL RIDGE CIR #9, GERMANTOWN, MD 20874 | $290,000 | 1,122 | 3 | 2 | $2582.2% | 11/16/2024 |
| 13315 NEERWINDER PL, GERMANTOWN, MD 20874 | $465,000 | 1,099 | 3 | 2 | $42367.4% | 10/16/2024 |
| 20663 SHADYSIDE WAY, GERMANTOWN, MD 20874 | $330,000 | 1,149 | 2 | 2 | $28713.6% | 10/17/2024 |
| 19816 LARENTIA DR, GERMANTOWN, MD 20874 | $375,000 | 1,120 | 3 | 2 | $33532.4% | 9/23/2024 |
| 12912 CHURCHILL RIDGE CIR #5-G, GERMANTOWN, MD 20874 | $282,000 | 1,111 | 2 | 2 | $2540.4% | 9/19/2024 |
| 13203 ASTORIA HILL CT #13203, GERMANTOWN, MD 20874 | $260,000 | 1,040 | 2 | 2 | $2501.1% | 10/9/2024 |
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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