1126 SEVERNVIEW DRIVE
About This Property
The previous buyer couldn't wait for approval-now it's your lucky day! This home offers winter views of the Severn River and incredible potential for the right buyer.
3 Bed | 2 Bath | $405,000
A rare opportunity in this hot market! Just three houses up, a similar home recently went pending with multiple offers.
Don't miss out-courts require this price or better!
Message me for details or to schedule a showing! Brick-front home with a concrete circular driveway and seasonal Severn River views from the deck! This 1200 sq. ft. rancher offers 3 bedrooms, 2 full bathrooms, a spacious living room, and a kitchen with adjacent laundry-all conveniently on one level. Hardwood floors may lie beneath the carpet, waiting to be uncovered and restored.
The finished lower level provides additional space with a recreation room featuring a brick wall and hearth, perfect for enjoying a wood fire or add a wood stove for more efficiency. The daylight, walk-out basement adds versatility and opens to the backyard.
This home has strong bones, with solid block construction, a roof that appears to be in great shape, and an updated septic system (2015). It's ready for the next owner to personalize and make their own in the sought-after community of Arden on the Severn. Enjoy access to neighborhood beaches, parks, and the charm of this waterside community! ***THIS PROPERTY IS BEING SOLD ON BEHALF OF THE OWNER BY A PA STATE APPOINTED GUARDIAN.
THE SALE IS CONTINGENT ON COURT APPROVAL. THIS APPROVAL TIME CAN ADD SEVERAL WEEKS TO SETTLEMENT DATE. HOME IS SOLD AS-IS. SUBSTANTIAL DEPOSIT DESIRED, AND WILL INCREASE THE CHANCES OF BUYER'S OFFER BEING SELECTED. GUARDIAN MAY TAKE UP TO 8 BUSINESS DAYS TO RESPOND TO SUBMITTED OFFERS.***
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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 |
|---|---|---|---|
| Aug 1, 2025 | Sold | ||
| Sold | |||
| May 7, 2025 | In contract | - | |
| In contract | |||
| Mar 20, 2025 | Relisted | $405,000 | |
| Relisted | |||
| Dec 7, 2024 | In contract | - | |
| In contract | |||
| Nov 20, 2024 | Listed by Coldwell Banker Realty | $405,000 | |
| Listed by Coldwell Banker Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017