$331,398
●
House -
Off Market
123 COVE POINT ROAD
LUSBY, MD 20657
3 Beds
2 Baths
1,520 Ft²
$1,851
Est. Monthly
About This Property
Give price reduction, start 2026 in this bright updated home with
one of the best backyards in Chesapeake Ranch Estates. This
property sits right on the edge of Chesapeake Hills Golf Course
with open green views and no houses behind you. Fresh paint
throughout. All new flooring. New lighting. A clean inviting feel
the moment you walk in.
The main level opens to a large freshly painted deck overlooking the course. Morning sun. Quiet evenings. A yard that feels wide open. The lower level has a walkout with full windows and a huge open space ready for a second living area or future expansion. The foundation has new parging and the exterior feels cared for and solid.
If you want a move in ready home with a rare backyard, great light, and access to some of the best neighborhood amenities in the county, this one delivers.
The main level opens to a large freshly painted deck overlooking the course. Morning sun. Quiet evenings. A yard that feels wide open. The lower level has a walkout with full windows and a huge open space ready for a second living area or future expansion. The foundation has new parging and the exterior feels cared for and solid.
If you want a move in ready home with a rare backyard, great light, and access to some of the best neighborhood amenities in the county, this one delivers.
Unit Size
1,520 Ft²
Days on Market
-
Land Size
0.03 acres
Price per sqft
$214
Property Type
House
Property Taxes
$255
HOA Dues
-
Year Built
1986
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100% Occupancy
N/A (extreme outlier) 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.
Last updated: 9 months ago (Bright MLS #MDCA2024216)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 10, 2026 | Sold | ||
| Sold | |||
| Jan 10, 2026 | In contract | - | |
| In contract | |||
| Dec 30, 2025 | Price Decreased |
$324,900
↓ $24K
(6.9%) | |
| Price Decreased | |||
| Nov 26, 2025 | Listed by Real Broker, LLC | $349,000 | |
| Listed by Real Broker, LLC | |||
| Aug 27, 2025 | Price Increased |
$315,000
↑ $150K
(90.9%) | |
| Price Increased | |||
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Property Highlights
Air Conditioning
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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HOA + Taxes
About Lusby
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Listed by: Brian L Mayer
Real Broker, LLC
Last Updated: 0 hours ago
Data Source: Bright MLS , MLS# MDCA2024216
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Real Broker, LLC
Last Updated: 0 hours ago
Data Source: Bright MLS , MLS# MDCA2024216
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