1201 BACK CREEK LOOP #1201
About This Property
Solomons Landing is a gated community that offers residents a wide variety of indoor and outdoor options. In the community pavilion you will enjoy meeting rooms, a catering kitchen, a state of the art fitness center, and a Bath house with convenient changing areas and showers. The rear deck offers picnic and grilling areas. There is an oversized swimming pool with beach style entrance and swimming lanes with a the large patio for lounging. Har-tru tennis and pickle ball courts are located right next to the pool. The community park features a fountain and fire pit for connecting with your friends and neighbors. There is also a tot lot, putting green, dog park, community gazebo, picnic tables and gas grills all for a great outdoor experience. One of the finest features of the community is a mile long nature trail which extends along the community pier and through the surrounding woodlands offering historical markers and exceptional views of beautiful plants and trees, aquatic wildlife, and the harbor.
As you return home anyone would be impressed with the beautiful Hickory floors throughout and a gourmet kitchen where you will be preparing the finest seafood Southern Maryland has to offer. Ambient outside light fills your home from morning sunrises to beautiful sunsets. Enjoy sitting by the stone fireplace on cool evenings with a good book. The spacious owner's suite offers built-in cabinetry plus closet systems that maximize storage. Enjoy warming your feet on the heated floor of your master bath as you prepare for another exciting day in and around the community. The guest room and separate bath affords your guests comfort and privacy. Recessed lighting is installed throughout. Your home also has an extra room adding living space useful as a den, study or office. On the screened porch you may enjoy summertime dining or just picking crabs. Step out and down the porch stairs to your private boathouse or grab your kayak off the rack for a quick paddle. In all you will not find a better place to call home or your weekend retreat.
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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 |
|---|---|---|---|
| Apr 10, 2024 | Sold | ||
| Sold | |||
| Mar 12, 2024 | In contract | - | |
| In contract | |||
| Mar 12, 2024 | Relisted | $399,000 | |
| Relisted | |||
| Mar 4, 2024 | In contract | - | |
| In contract | |||
| Mar 2, 2024 | Listed by Berkshire Hathaway HomeServices PenFed Realty | $399,000 | |
| Listed by Berkshire Hathaway HomeServices PenFed Realty | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
03/02/2024
|
2 Bed
|
2 Bath
|
1560 ft²
|
$399,000
2 Bed
2 Bath
1560 ft²
|
$400,000
+0.25%
04/10/2024
|
Lawrence Stanton
Berkshire Hathaway HomeServices PenFed Realty
| |
|
04/02/2019
| |
2 Bed
|
2 Bath
|
1560 ft²
|
$297,000
2 Bed
2 Bath
1560 ft²
|
-
-
|
-
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017