13116 CHOPTANK ROAD
About This Property
Welcome Home to 13116 Choptank Road - a newly renovated detached Rancher offering 2 Bedrooms and 1 Full bathroom and is conveniently located in the water oriented neighborhood of Oliver Beach! An eat-in dining area is situated between the Great Room and Kitchen with this open floor concept. New Luxury Vinyl Laminate flooring can be enjoyed throughout the entire house except for the tiled Bathroom. The Kitchen boasts all new cabinets, Stainless Steel Appliances and granite countertops. There is a large 30X20 Great Room, complete with cathedral ceilings, just off of the Kitchen and Dining area, which leads to the large rear yard. A spacious composite deck can be enjoyed - perfect for grilling and entertaining. There is a separate Laundry Room situated off of the Family Room. A large Bay Window in the Family Room allows for plenty of natural sunlight. There is also a side door that conveniently opens into the Kitchen - making your grocery hauls a bit easier. Two separate driveways also lends the convenience of off-street parking. Some recent renovations include a completely renovated Kitchen, granite counters, new SS appliances (stove, dishwasher and microwave), new kitchen cabinets, newly installed laminate flooring and freshly painted throughout!! The house has also been equipped with a new Hot Water Heater in 2024. Previous upgrades include vinyl clad Anderson windows and 200 AMP electrical service! This house is conveniently located to major thoroughfares, shopping centers and eateries. And for all of the boaters and water enthusiasts the community boat ramp is just one street away! You don't want to miss the opportunity to make this house YOUR home!
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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 |
|---|---|---|---|
| Aug 1, 2025 | Sold | ||
| Sold | |||
| Jul 10, 2025 | In contract | - | |
| In contract | |||
| Jul 8, 2025 | Price Decreased |
$300,000
↓ $19K
(6%) | |
| Price Decreased | |||
| Jun 26, 2025 | In contract | - | |
| In contract | |||
| Jun 13, 2025 | Price Decreased |
$319,000
↓ $6K
(1.9%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017