1526 RIDGELY DRIVE
About This Property
Gourmet kitchen features an island with breakfast bar, granite counters, white cabinets, stainless steel appliances, custom backsplash, recessed lighting. With a slider to the deck and open to the living area, this space is great for gathering and entertaining. A few steps down from the deck take you to the large level back yard with mature trees and raised garden beds.
Large living and dining space with picture window brings in loads of natural light. There are two bedrooms on the main level, one with bath ensuite plus a powder room. Laundry room completes the main level.
Two bedrooms are upstairs, one with a slider to a balcony overlooking the yard.
On over a quarter acre, this home features fencing in the rear yard and storage shed. On well water with softener system, public sewer.
Steps to the water, this home is in Saunders Point has beach access, recreation area and low annual HOA fee of $20. Close to Mayo Beach Park and Triton Nature Park. Barely a half hour to Annapolis.
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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 |
|---|---|---|---|
| Jan 13, 2025 | Sold | ||
| Sold | |||
| Dec 17, 2024 | In contract | - | |
| In contract | |||
| Dec 12, 2024 | Listed by Compass | $550,000 | |
| Listed by Compass | |||
| | |||
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SELLERS RELOCATING! --PRICED BELOW MARKET!-- BRING ALL REASONABLE OFFERS -- MUST BE UNDER CONTRACT BY DEC 23!
This beautifully updated and upgraded Cape Cod in the sought-after community of Saunders Point in Edgewater offers 4 bedrooms, 2.5 baths, and a modern open-concept layout perfect for today’s lifestyle. It features a MAIN-level primary bedroom with an ensuite bath, an additional main-level bedroom, and two upstairs bedrooms—one with a balcony. Highlights include a gourmet kitchen, new flooring, HVAC, a water heater, a generator, an updated deck, a NEWLY fenced yard, garden beds, and a water view!
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| Dec 8, 2021 | Sold | ||
| Sold | |||
| Sep 22, 2021 | Listed by RE/MAX Realty Services | $489,900 | |
| Listed by RE/MAX Realty Services | |||
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About Mayo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017