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1162 OAK VIEW DRIVE
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 29, 2024 | Sold | ||
| Sold | |||
| Apr 26, 2024 | In contract | - | |
| In contract | |||
| Apr 17, 2024 | Listed by TTR Sotheby's International Realty | $1,998,000 | |
| Listed by TTR Sotheby's International Realty | |||
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Exquisite waterfront sanctuary, offering breathtaking vistas of the tranquil Severn River. The expert siting of this home on a hillside lot overlooking the water captures endless views from almost every room. A complete renovation in 2016 has transformed this property into a haven of luxury and comfort. Step into the foyer to be immediately greeted by the framed water views through the wall of windows in the sunken living room and marvel at the abundance of natural light beaming in. Adorned with a floor-to-ceiling stone fireplace, vaulted ceilings, and recessed lighting, the living space exudes warmth and sophistication. The adjacent dining area, with French doors leading to a sprawling Trex deck, promises unforgettable sunrise and sunset views and provides a perfect place for entertaining or relaxing. The gourmet kitchen boasts Quartz countertops, custom cabinets with pull-out shelves and soft close feature, and top-of-the-line GE Monogram stainless steel appliances; all the extras that are sure to satisfy even the most accomplished chef. Work from home in the main-level corner office, offering inspiring water views. The upper level hosts a lavish Primary bedroom suite with a private balcony, walk-in closet, and spa-like en suite bath. The serene, peaceful views from the balcony are unsurpassed and an ideal backdrop for your morning and evening routine. Two additional bedrooms, a laundry room, and a full bath complete the upper level. The lower level is an entertainer's paradise, featuring a second fireplace, and a magnificent bar fully equipped with dishwasher drawers, ice machine and kegerator. Enjoy hosting gatherings large and small! The additional bedroom with full bath provides a convenient space for overnight guests. Open the patio doors and let the party spill out onto the stone patio overlooking the landscaped yard and the sparkling water of the river. Head on down to the water's edge to appreciate the deep water pier, 2 coveted and recently reconstructed boathouses with lifts and additional 60-foot boat slip. The perfect trifecta for an avid boater. The prime location on the Severn River makes it easy to cruise to Annapolis, the Chesapeake Bay and beyond. Experience the ultimate waterfront lifestyle in this meticulously crafted retreat.
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| Sep 10, 2021 | Sold | ||
| Sold | |||
| May 21, 2021 | Listed by Keller Williams Realty Centre | $1,850,000 | |
| Listed by Keller Williams Realty Centre | |||
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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