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1001 OMAR DRIVE
About This Property
acre site that offers the perfect blend of privacy, convenience,
and potential on Plum Creek just off the Severn River. The level lot is
approved for a 3,200 sq ft home. Enjoy a well-maintained private dock with
two working boat lifts and deep-water access, all surrounded by mature
trees and natural shoreline. Despite the serene setting, you're just minutes
from everything Crownsville and Annapolis have to offer-whether you
arrive by car or by boat. This lot just went through a minor subdivision and
has been recorded in the land records for Anne Arundel County. The Adjacent Lot (1003 Omar Dr) with 2.22 acres (MLS #MDAA2129614) is also for sale. The Site plan is available for both lots upon
request.
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 3, 2026 | Sold | ||
| Sold | |||
| Jan 6, 2026 | In contract | - | |
| In contract | |||
| Dec 29, 2025 | Relisted | $699,000 | |
| Relisted | |||
| Nov 15, 2025 | In contract | - | |
| In contract | |||
| Oct 25, 2025 | Listed by Douglas Realty LLC | $699,000 | |
| Listed by Douglas Realty LLC | |||
Property Highlights
Building Info
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About Arden on the Severn
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017