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1131 SEVERNVIEW DRIVE
About This Property
Hardwood floors flow throughout the main level, while luxury vinyl plank flooring complements the spacious lower level. The updated kitchen features quartz countertops, ceramic subway tile backsplash, maple cabinetry, a large rectangular stone sink, and stainless-steel built-in microwave and oven. The main-level full bath offers a tub/shower combination and double vanity with marble top, while the lower level features a second updated full bath.
Step outside to a large deck overlooking the backyard, offering plenty of space for relaxing, entertaining, and outdoor dining. A large storage shed provides additional room for bikes, kayaks, lawn equipment, and more. The home has been exceptionally well cared for and is super clean and move-in ready. Additional updates include a heat pump and air-conditioning system, windows, gutters and electrical panel just 2 years young and a water heater approximately 4 years young.
And then there's Arden on the Severn-one of Crownsville's most treasured water-oriented communities, offering an exceptional lifestyle along the Severn River. Residents enjoy five community beaches, three boat ramps, community piers and water access, playgrounds, athletic fields, and the ACA-owned and operated Town Hall, all supported by an active community association and a neighborhood known for bringing people together. From boating, kayaking and crabbing to beach days, community events and simply enjoying life along the Severn, Arden offers something increasingly hard to find: a true sense of community paired with an incredible Chesapeake Bay lifestyle. Conveniently located to Annapolis, Baltimore and Washington, D.C., and served by the newly opened Severn Run High School, Arden on the Severn is more than a neighborhood-it's a lifestyle.
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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%.
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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.
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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.
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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