115 SPA DRIVE
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 4, 2024 | Sold | ||
| Sold | |||
| Oct 20, 2024 | In contract | - | |
| In contract | |||
| Oct 11, 2024 | Listed by Coldwell Banker Realty | $2,675,000 | |
| Listed by Coldwell Banker Realty | |||
| | |||
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Extremely well-maintained waterfront home on .669 acres. Annapolis WATER TAXI service is available to this meticulously home with 115ft on prestigious Spa Creek. Spa Creek channel dredged for 5.6-foot draft with private pier, 3+slips at 6-foot depth & floating kayak dock and ramp. Two, 20k pound boat lifts and one 3k pound boat lift. New pier was installed in 2023. Peruvian tigerwood flooring on entire main level of home. Large 4 season sunroom with heated ceramic floors. Brazilian teak flooring on entire upper level of home. Great entertaining home with 2 social areas with blue slate stone patios with fire pit, granite bar with built in propane grill as well a small kitchen off sunroom. 2 Geothermal units. Large master bedroom with walk in closet, sunroom off bedroom. Office on main level can be another bedroom. Great Attic storage. Recessed lights, ceramic tile, plantation shutters, multiple skylights and rare marble windowsills in home. One of the bedrooms has cathedral ceilings with a loft. Large mudroom with washer /dryer with ceramic tile. Home is beautifully situated among established trees, manicured landscaping with fenced in property as well water irrigation to 75% of yard. LOT can be subdivided. Easy access to Route 50 and I-97. Minutes away from downtown Annapolis, restaurants, bar, banks and shopping centers. A must see to believe. Set up a showing!
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| Dec 4, 2013 | Sold | ||
| Sold | |||
| Jun 6, 2013 | Listed by Coldwell Banker Realty | $1,299,000 | |
| Listed by Coldwell Banker Realty | |||
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About Annapolis
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017