1325 SCHOONER LOOP #1325
About This Property
Rarely available large (2000 sq ft) condo in the newest section of gated Solomons Landing Association
(SLA) in the tourist resort of Solomons, Maryland. This Tred Avon model middle floor 3 bedrooms, 2
baths unit is in an end wing with ample windows on all four sides, waterfront, wooded, with very private
primary southwest exposure off a large (267 sq ft) screened in terrace. Ample parking for owners,
guests, and service personnel. The condo comes with a 25' slip in the SLA marina.
SLA is reputed for its beautiful landscaping, exceptional management including a well funded reserve,
friendly residents and easy access to shopping and the Solomons Island atmosphere. The Schooner
Loop section is just a 5 minute walk to the tennis and pickle ball courts, newly remodeled pool,
clubhouse, and the original section.
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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%.
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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.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
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Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 30, 2024 | Sold | ||
| Sold | |||
| Jun 20, 2024 | Listed by Berkshire Hathaway HomeServices PenFed Realty | $549,000 | |
| Listed by Berkshire Hathaway HomeServices PenFed Realty | |||
| Mar 17, 2020 | No longer available | - | |
| No longer available | |||
| Aug 12, 2019 | Listed | $315,000 | |
| Listed | |||
| | |||
|
Solomons Landing, Tidewater Living, Tred Avon end unit model w/open floor plan & large deck for extended outdoor living. Three bedrooms, 2 baths, with well-appointed gourmet kitchen, and many upgrades. Hardwood floors, gas fireplace. This home also includes a 25ft. boat skip. Enjoy Solomons landing lifestyle and amenities in this waterfront marina community. It's about a legacy of fishing, shellfishing, and explorations. Solomons Landing is tucked along where the Patuxent River meets the Chesapeake Bay. A favorite getaway spot for the Baltimore-Washington area, this tiny settlement boasts marinas, seafood joints, a well-worn boardwalk for strolling and the gorgeous Annmarie Sculpture Garden and Arts Center. Call now for an appointment. More photos soon. Boat slip U5 The manager has listed the unit size as 1930 square feet.
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Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
06/20/2024
|
3 Bed
|
2 Bath
|
2000 ft²
|
$549,000
3 Bed
2 Bath
2000 ft²
|
$520,000
-5.28%
08/30/2024
|
Lawrence Stanton
Berkshire Hathaway HomeServices PenFed Realty
| |
|
08/12/2019
|
3 Bed
|
2 Bath
|
1930 ft²
|
$315,000
3 Bed
2 Bath
1930 ft²
|
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-
|
-
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017