1016 CARRS ROAD
About This Property
Step inside, and you'll immediately notice the character-filled details that make this home truly special. The bright and airy layout flows effortlessly from the main living area into a fully finished four-season sunroom-ideal for your morning coffee, home office, or extra lounge space. The restful primary suite features a large updated bathroom with a tub/shower combination. A second bedroom, with oversized closet, also has a hall bath. A uniquely designed living area will captivate you, from the kitchen with its open overlook, to the sunlit living room with beautiful built-in shelving. An ideal layout provides every space you need in this relaxed, welcoming home.
Set on a spacious, flat 0.31-acre lot, the fully fenced backyard provides a private retreat for outdoor entertaining, gardening, or simply relaxing. Whether you're hosting a barbecue or setting up a hammock to unwind, there's plenty of space to make it your own.
Updated lovingly throughout the years, this home is truly move-in ready. Recent updates include the fully finished sun room with ductless mini-split (2024), a new shed and patio (2020), the addition of the 2nd bathroom as well as the renovation of the kitchen and primary bath (2020/2021), and new driveway (2021). With a newer roof (2019) and crawl space encapsulation (2019), life at 1016 Carrs Road will be low-maintenance!
Enjoy easy access to all that Annapolis offers-from waterfront dining and boutique shopping to vibrant cultural events and scenic parks. Walk or bike to Ellen O. Moyer park, the Beacon waterfront restaurant, local marinas including Bert Jabin's Yacht Yard and the Black Market Bakers location at Port Annapolis marina. Just minutes from downtown Annapolis and Eastport, the best of Annapolis living awaits right outside your door. Welcome home!
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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 |
|---|---|---|---|
| Dec 8, 2025 | Sold | ||
| Sold | |||
| Nov 15, 2025 | In contract | - | |
| In contract | |||
| Nov 5, 2025 | Price Decreased |
$450,000
↓ $13K
(2.7%) | |
| Price Decreased | |||
| Oct 28, 2025 | Price Decreased |
$462,500
↓ $13K
(2.6%) | |
| Price Decreased | |||
| Oct 18, 2025 | Listed by Compass | $475,000 | |
| Listed by Compass | |||
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About Annapolis Neck
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017