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1224 SEVERNVIEW DRIVE
About This Property
Situated on 67 feet of waterfront with beautiful views of the Severn River, this 4-bedroom, 3-full-bath home offers tremendous potential in an outstanding location. The existing pier will require improvements, providing the opportunity to design it to suit your waterfront lifestyle.
Located just one property from the community beach, you'll enjoy easy access to one of Arden on the Severn's many waterfront amenities. Residents enjoy multiple private beaches, boat ramps, playgrounds, walking trails, community events, and the benefit of the new Severn Run High School.
Properties with this combination of waterfront, location, and potential are increasingly rare. Bring your vision and transform this property into something truly special.
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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 |
|---|---|---|---|
| Jul 24, 2026 | Sold | ||
| Sold | |||
| Jul 2, 2026 | In contract | - | |
| In contract | |||
| Jun 30, 2026 | Listed by Coldwell Banker Realty | $725,000 | |
| Listed by Coldwell Banker Realty | |||
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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