This Cape Cod-style detached home in the desirable Western Run subdivision offers significant investment potential. Built in 1953, the property features 3,183 sq. ft. Currently used as a two unit, with electric metered separately- Can easily be converted back to single residence- The partially finished basement with interior access and walkout stairs adds valuable square footage, perfect for creating additional living space or a separate rental unit. The home includes a second kitchen, enhancing its versatility for multi-generational living or potential Airbnb income. A free-standing fireplace adds charm and can increase rental appeal during colder months. With ample parking for up to 6 vehicles, this property is well-suited for tenants or guests. Investors will appreciate the low-maintenance stucco exterior and the absence of a pool, reducing upkeep costs. This property presents a solid opportunity for cash flow and long-term appreciation in a sought-after area.
Cheswolde, located between Pimlico Road and Greenspring Avenue, is a residential and wooded Baltimore neighborhood with mid-century apartment communities and a golf-course edge. The neighborhood’s character concentrates around the Greenspring Avenue corridor by the Mount Washington Village shops, where coffee counters, small restaurants, and local storefronts set a steady, walk-and-stop rhythm. Nearby, The Senator Theatre anchors movie nights with classic marquee charm. Cylburn Arboretum’s gardens and trails shape the outdoor cadence, while Pimlico Race Course adds a storied sporting backdrop. Streets mix brick colonials and garden-style buildings, with tree cover softening the edges. The Jones Falls Trail links the area’s green pockets to longer rides and runs.
Provided by Walk Score and Local Logic
Market insights
2603 Steele Rd · $475,000
DAYS ON MARKET
24 days
The average home goes pending in 33 days.
SALE-TO-LIST
102.2%
Most homes are selling 2% above list price.
LIST PRICE
$475,000
Median sale price in this area is $371,513. (22% lower than this home)
PRICE DROP
0 price drops
24% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Kitchen
Interior features
Second kitchen
Entry-level bedroom
Improved basement with interior access and outside entrance
Partially finished basement with walkout stairs
One freestanding fireplace
Bedrooms
Two main-level bedrooms
Two bedrooms on the first upper level
Bathrooms
Two full bathrooms (one on main level, one on first upper level)
Kitchen
Second kitchen included
Laundry & utility
Laundry in basement
Heating & cooling
Forced air heating
Electric and natural gas heating fuel
Central A/C and ceiling fans
Exterior features
Not in a federal flood zone
Home design
Detached structure
Above-grade and below-grade living areas
Parking
Six total garage/parking spaces
Driveway with six spaces
Off-street and on-street parking available
Construction
Stucco exterior
Block foundation
Above-grade and below-grade structures
Utilities
Public water
Public sewer
Natural gas hot water
Electricity and solar
View estimated energy costs and solar savings for this home
The R-1D Detached Residential Zoning District is intended for low density neighborhoods of detached dwellings located on lots of at least 14,520 sq ft.
Permitted uses
Include but are not limited to:
Garden center
Housing-Single unit
Housing-Senior
Golf related
Park & open space
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
6/10 Heat Factor
7 days above 103° expected this year, 15 days in 30 years
5/10 Wind Factor
23% chance of strong winds in next 30 years
3/10 Air Factor
2 unhealthy days expected this year, 4 days in 30 years
Provided by First Street
Historical weather
Baltimore, MD • 21209
Average low and high temperatures (°F)
38
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28
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39
68
48
73
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66
90
73
83
66
77
62
68
49
57
41
43
29
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
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Dec
Sun exposure
88/ 100
Very good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.8 hrs
5.6 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 2603 Steele Rd
$474,889
$111 under list price of $475K
Nearby comparable homes
The Redfin Estimate uses 5 recent nearby sales, priced between $292K to $580K.