1007 PARK AVENUE
About This Property
Don't miss this exceptional opportunity - a previous contract fell through due to circumstances beyond the seller's control, making this stunning Eastport home available once again.
Completely gutted, expanded, and rebuilt in 2023, this residence seamlessly blends modern luxury with timeless charm. Every major system has been replaced, offering true peace of mind and move-in-ready living.
The chef's kitchen is a standout, featuring a 36-inch Bertazzoni range with gas burners and electric oven, custom hood, built-in refrigerator and dishwasher with cabinetry panels, and a wine refrigerator - all designed for a sleek, cohesive look and effortless entertaining.
The main level offers an open family room and dining area with direct access to the rear deck and yard. A first-floor primary suite provides exceptional convenience and includes a spa-like bath with a walk-in shower.
Upstairs are two generously sized bedrooms and a stylish full bath, also with a walk-in shower. The lower level adds flexible living space with a cozy wood-burning fireplace, workshop area, abundant storage, an additional refrigerator, and a triple-safe sump pump system.
Outside, enjoy a large yard with access from both the front and rear streets, plus off-street parking in the rear. Architectural plans are available for a two-car garage or a garage with an accessory dwelling unit above (buyer to verify with the City of Annapolis regarding permits and approvals).
Additional features include underground irrigation for the front yard and flower beds, as well as a fully encapsulated crawl space for enhanced comfort and efficiency.
All major components - including roof, HVAC, mini-splits, plumbing, electrical, insulation, windows, doors, flooring, bathrooms, and appliances - were replaced in 2023. The home was taken down to the studs and a second level was added during the rebuild.
Ideally located just moments from Eastport's restaurants, shops, and downtown Annapolis.
Appraisal in hand at $1,085,000.
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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 |
|---|---|---|---|
| Mar 18, 2026 | Sold | ||
| Sold | |||
| Mar 14, 2026 | In contract | - | |
| In contract | |||
| Feb 25, 2026 | No longer available | - | |
| No longer available | |||
| Feb 18, 2026 | Relisted | $1,049,000 | |
| Relisted | |||
| Feb 16, 2026 | In contract | - | |
| In contract | |||
Property Highlights
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About Annapolis
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017