114 CARROLL DRIVE
About This Property
Welcome to 114 Carroll Drive, where classic contemporary design meets the relaxed coastal lifestyle of Hillsmere Shores. Nestled just one block from the sandy beach and the vibrant community amenities, this timeless home offers a rare opportunity to live in one of Annapolis's most sought-after waterfront communities. This inviting residence features a well-cared-for layout with updates that reflect its thoughtful maintenance over the years, including a refreshed kitchen and updated baths. A formal dining room, a spacious family room, and three generously sized bedrooms-including a primary suite with its own private bath-make this home both functional and comfortable. The lower level expands the living space with a massive den, recreation area, and a cozy wood-burning fireplace, seamlessly flowing out to the patio. Imagine summers spent in your fenced-in backyard, hosting poolside parties or simply soaking up the sun by your very own in-ground pool. It's the perfect setting for creating lifelong memories-raising children, celebrating milestones, and enjoying the laid-back vibe that Hillsmere is known for. The community of Hillsmere Shores is more than just a neighborhood; it's a lifestyle. With its bayfront playgrounds, private marina, boat ramp, and sparkling community pool, residents here enjoy unparalleled access to the Chesapeake Bay. Whether it's kayaking at sunrise, beach picnics at sunset, or strolling through tree-lined streets with friendly neighbors, life at 114 Carroll Drive is a dream come true. Don't miss this chance to bring your vision to life in one of Annapolis's premier communities. With its solid foundation and incredible location, 114 Carroll Drive is ready to welcome its next chapter.
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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%.
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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.
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.
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About Hillsmere Shores
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$3,200 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017