⭐ Majestic SFH on a Cul-de-Sac Offered @ 58% ARV

Property Description

2533 CEDAR DR
WOODLAWN, MD 21207

$259,900 BUY IT NOW
$450,000 ARV
58% OF ARV

6BR / 3BA
| 2,524 SF
| TWO-STORY WITH BASEMENT
| ATTACHED GARAGE

SIX BEDROOMS. THREE FULL BATHS. 2,524 SQUARE FEET.

AND A BUILDABLE LOT NEXT DOOR FOR $20,000 MORE.

That’s the product — and in 21207 it’s uncommon. Most of what competes against it at this price is a four-bedroom.

Two stories. Full basement. Attached garage. The basement is partially improved and unfinished, with plumbing already roughed for an additional bathroom and a half-bath hookup — more finished square footage available down there, and none of it counted in the ARV.

Built 1942, and the expensive mechanical work is behind you:

• Forced-air HVAC — approximately 7 years old. Radiators removed.
• Plumbing and major systems operational
• No major structural or mechanical problems identified

THE RENOVATION

• Roof replacement
• Kitchen
• Two bathrooms
• Garage door
• Front stair replacement
• Exterior doors
• Hardwood floor restoration
• Interior and exterior paint
• Interior doors, lighting, drywall
• One bathroom has an older sewage ejector pump — plan on replacing it
• An old oil furnace and tank remain disconnected in the basement — removal at your discretion

THE $450,000 ARV — FOLLOW THE COMPS

1520 Dorchester Avenue is under contract at $475,000. That house is 2,504 SF — twenty feet smaller than this one — with two fewer bedrooms and one fewer full bath.

COMPARABLE SALES

• 7311 Rockridge Rd — Closed — 4BR/4BA — 2,248 SF — $571,000 ($254/SF)
• 1520 Dorchester Ave — Under Contract — 4BR/3.5BA — 2,504 SF — $475,000 ($190/SF)
• 1921 Oak Dr — Closed — 8BR/5.5BA — 3,000 SF — $462,000 ($154/SF)
• 1120 Mirga Cir — Pending — 3BR/3BA — 2,074 SF — $458,000 ($221/SF)
• 2108 Sunbriar Ln — Closed — 6BR/4BA — 2,482 SF — $439,900 ($177/SF)
• 2533 Cedar Dr (Our ARV) — Projected — 6BR/3BA — 2,524 SF — $450,000 ($178/SF)

Our projected $450,000 resale equals approximately $178/SF.

Under-contract and pending prices are not verified final sale prices.

Our projected $450,000 resale equals approximately $178/SF. Rockridge closed at $571,000 despite having 276 fewer square feet, while the six-bedroom Sunbriar property closed at $439,900.

The $450,000 ARV assumes a properly renovated six-bedroom home.

View our Bright MLS Comps

THE LOT NEXT DOOR — BUY BOTH AND SAVE $19,000

A separately deeded, unaddressed parcel directly adjoining 2533 Cedar Drive is also available.
Tax ID 04010111470283

The vacant parcel is offered individually at $39,000, with comparable lot sales indicated at approximately $60,000–$70,000.

House Only

$259,900

Adjacent Lot Only

$39,000

Separately Combined

$298,900

House + Lot Package

$279,900

Package Savings

$19,000

The lot is nearly identical size to the one that 2533 sits on. It is being marketed as buildable, subject to independent confirmation of zoning, access, utilities, setbacks, and applicable development approvals.

Three ways to capitalize: renovate and resell the house while retaining the lot, sell the lot separately to a builder, or explore development of the adjacent parcel.

At the $279,900 package price, the combined acquisition is approximately 62% of the house's projected $450,000 ARV, before attributing any separate resale value to the lot.

The lot has no assigned street address. It is the separately deeded parcel adjoining 2533 Cedar Drive, Tax ID 04010111470283

View our Bright MLS Lot Comps

WHY THIS WORKS

SIX BEDROOMS + ATTACHED GARAGE + OPTIONAL ADJACENT LOT.

Woodlawn offers convenient access to I-695 and Route 40 in Baltimore County.

The home has a strong bedroom count, substantial square footage, a garage, and existing forced-air HVAC. The separate lot creates an opportunity most competing renovations simply don't offer.

Buy the house at 58% of projected ARV, or acquire both parcels at a $19,000 package discount.

OFFER TERMS

$259,900 HOUSE ONLY
$279,900 HOUSE + LOT

OFFER DEADLINE: FRIDAY, OCTOBER 30 AT 1:00 PM

Closing: On or before November 17, 2026, at RESE Title. Both parcels settle the same day if purchased together.

EMD: $5,000 standard; $2,500 for verified past buyers.

If two or more offers are received, we will move directly to best and final with the strongest buyers.

**Submit your purchase price, proof of funds, and proposed closing timeline.


BUILDABLE LOT | CEDAR DR, WOODLAWN, MD 21207

$39,000 BUY IT NOW | $60,000–$70,000 COMPARABLE LOT SALES

SEPARATELY DEEDED | BALTIMORE COUNTY | ADJOINS 2533 CEDAR DR

A BUILDABLE LOT IN 21207 FOR $39,000.

Comparable lot sales in this market support $60,000 to $70,000.

📈 LOT COMPS & MARKET DATA