OWINGS MILLS, MD 21117

OWINGS MILLS / RIDER MILL | 1997 COLONIAL | 4BD / 2 FULL + 2 HALF BA | 2-CAR GARAGE | FINISHED WALKOUT LOWER LEVEL (NOT IN MLS)

Sold Sight Unseen- No Access until we have a ratified contract with the buyer

Property Overview

• Three level colonial built in 1997 located in the established Rider Mill community of Owings Mills.
• Offers 4 bedrooms, 2 full bathrooms and 2 half bathrooms.
• Approximately 1,950 square feet above grade plus approximately 936 square feet in the finished lower level, totaling approximately 2,886 square feet across all three levels.
• Features a built in 2 car garage, rear deck and finished walkout basement.
• Newer construction and functional layout provide strong potential for resale to owner occupants.

Main Level

• Living room and separate dining room.
• Large eat in kitchen and family room combination with rear access to the deck.
• Updated powder room.
• Laundry and mudroom area.
• Interior access to the attached 2 car garage.

Upper Level

• Large primary bedroom with walk in closet and full en suite bathroom.
• Three additional bedrooms and full hall bathroom.
• Previous leak in the hall bathroom has been repaired.

Lower Level

• Finished walkout basement with two separate recreation areas.
• Additional half bathroom.
• Utility and storage room.
• Rear walkout provides direct backyard access.

Updates and Renovation Considerations

• Furnace replaced approximately 4 years ago.
• Roof and central AC are older and should be factored into the renovation budget.
• Previous hall bathroom leak has been repaired.
• Estimated renovation budget of 85,000.
• Buyer responsible for property cleanout and all closing costs.

Comparable Sales and ARV Support

• Excellent same community comparable at 114 Grist Stone Way, which sold for 543,000 in February 2026. The property was built in 1997 and offered 4 bedrooms, 3.5 bathrooms, approximately 2,018 square feet above grade and a 2 car garage. It sold in good condition without a complete high end renovation.
• Strong size and renovated comparable at 6 Rider Mill Court, which sold for 550,000 with 4 bedrooms, 3.5 bathrooms and approximately 2,866 finished square feet after significant updating.
• Subject offers approximately 2,886 total square feet across all three levels, making its overall size highly comparable to the 550,000 sale.
• Conservative after repair value of 550,000 is supported by recent same community sales ranging from 543,000 to 550,000.
• The projected ARV is positioned near the top of recent comparable sales without relying on an aggressive resale estimate.

Location and Resale Appeal

• Established Rider Mill community in Owings Mills.
• Convenient access to local shopping, restaurants and major commuter routes.
• Strong owner occupant appeal with 1997 construction, four bedrooms, three finished levels, 2 car garage, rear deck and walkout basement.
• Functional floor plan and substantial finished living space support potential resale demand.

Investment Summary

• Purchase Price: 359,000
• Estimated Renovation: 85,000
• Estimated Total Purchase and Renovation Basis: 444,000
• Estimated After Repair Value: 550,000
• Estimated Gross Spread Before Closing Costs, Holding Costs, Financing, Selling Expenses and Other Costs: 106,000
• Closing Date: Monday, November 30, 2026
• Final and Best Offer Deadline: Thursday, October 29, 2026 at 9:00 AM

Offer Requirements and Contact Information

• Submit final and best offer through the MarketPro website by the stated deadline.
• Upload proof of funds and LLC documentation for the offer to be considered.
• Contact Craig Eberhardt by call or text at 301 812 4504 for additional information.

Important Transaction Terms

• Seller of equitable interest only. Property is not owned by the assignor.
• Property is currently under contract to MarketPro Homebuyers. Any transaction will be completed through an assignment of MarketPro's contract.
• Do not contact the seller or use the provided information to contact the seller without express written consent from MarketPro.
• Buyer is responsible for conducting due diligence and independently verifying property condition, renovation costs and market value.
• MarketPro provides estimated repair costs and property values only.
• Buyer is responsible for property cleanout and all closing costs.