1446 WESTWAY
About This Property
Sip your morning coffee on one of the newly updated decks or from the sitting area in your primary bedroom suite. The spacious primary suite offers a large walk-in shower, double vanity, vaulted ceilings and attached sitting room or office. Each of the three full bathrooms has been recently renovated offering beautiful finishes. In addition to the three bedrooms, this home offers two bonus rooms perfect for a 4th bedroom, home office, or exercise space. The lower level entrance leads to the community paved path to the water or your side fenced area.
Located in the heart of a water privileged community, this home is the ideal blend of serenity and convenience. The Pines on the Severn community amenities include a sandy beach, boat slips, boat ramp, large grassy field, basketball court, tennis/pickleball court, playground, and Chase Creek Pool (separate membership). The community is conveniently located with easy access to the B&A walking/biking trail, commuter routes (50, 97) and is just minutes to downtown Annapolis by car or boat.
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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 19, 2024 | Sold | ||
| Sold | |||
| Jul 15, 2024 | In contract | - | |
| In contract | |||
| Jul 11, 2024 | Price Decreased |
$929,000
↓ $50K
(5.1%) | |
| Price Decreased | |||
| Jun 18, 2024 | Price Decreased |
$979,000
↓ $71K
(6.8%) | |
| Price Decreased | |||
| Jun 7, 2024 | Listed by Monument Sotheby's International Realty | $1,050,000 | |
| Listed by Monument Sotheby's International Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017