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1222 CARROLLTON LANE
About This Property
Beautifully maintained 2021 coastal home in sought-after Colonial Village subdivision of Ocean Pines. This move-in ready 3 bedroom, 2.5 bath home offers approx 2,256 sq. ft., a first floor primary suite with custom closet, beautiful oak flooring throughout first floor, an open-concept living area, and a second floor multi-purpose room or walk-in storage. One upstairs bedroom boasts a walk-in closet and attached bathroom. Enjoy a professionally landscaped backyard and an exceptional walkable location near two marinas, dining and live music. Walking trails and golf walkable as well. A short drive to Ocean City, Assateague and downtown Berlin shopping.
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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%.
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 |
|---|---|---|---|
| Oct 7, 2026 | Price Decreased |
$619,900
↓ $29K
(4.5%) | |
| Price Decreased | |||
| Sep 19, 2026 | Price Decreased |
$649,000
↓ $20K
(3%) | |
| Price Decreased | |||
| Jul 30, 2026 | Price Decreased |
$669,000
↓ $21K
(3%) | |
| Price Decreased | |||
| Jul 28, 2026 | Listed by Sell Your Home Services | $690,000 | |
| Listed by Sell Your Home Services | |||
| Dec 6, 2021 | Sold | ||
| Sold | |||
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About Ocean Pines
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$1,900 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017