$496,000
●
House -
Off Market
16 GRAY DRIVE
PASADENA, MD 21122
3 Beds
2 Baths
1,778 Ft²
$2,680
Est. Monthly
5.95%
Cap Rate
About This Property
Charming 3-Bed, 2-Bath Rancher with Water Access to Sillery
Bay!
Welcome to this beautifully maintained ranch-style home offering water access to Sillery Bay off the Magothy River! This 3-bedroom, 2 full bath gem features gleaming hardwood floors and an open-concept layout perfect for modern living. The spacious family room boasts cathedral ceilings with skylights, while the cozy living room is highlighted by a wood-burning fireplace.
The kitchen is a chef's delight with granite countertops, ceramic tile backsplash, and ample cabinetry. A partially finished basement provides additional living or storage space, ready to suit your needs.
Enjoy peace of mind with an architectural shingle roof and a newer boiler system. Step outside to a large fenced backyard complete with a storage shed-ideal for entertaining or relaxing in private. The 2-car garage and extended driveway offer plenty of parking.
Don't miss this incredible opportunity to enjoy living with comfort and convenience!
Welcome to this beautifully maintained ranch-style home offering water access to Sillery Bay off the Magothy River! This 3-bedroom, 2 full bath gem features gleaming hardwood floors and an open-concept layout perfect for modern living. The spacious family room boasts cathedral ceilings with skylights, while the cozy living room is highlighted by a wood-burning fireplace.
The kitchen is a chef's delight with granite countertops, ceramic tile backsplash, and ample cabinetry. A partially finished basement provides additional living or storage space, ready to suit your needs.
Enjoy peace of mind with an architectural shingle roof and a newer boiler system. Step outside to a large fenced backyard complete with a storage shed-ideal for entertaining or relaxing in private. The 2-car garage and extended driveway offer plenty of parking.
Don't miss this incredible opportunity to enjoy living with comfort and convenience!
Unit Size
1,778 Ft²
Days on Market
-
Land Size
0.34 acres
Price per sqft
$267
Property Type
House
Property Taxes
$347
HOA Dues
-
Year Built
1963
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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: 2 years ago (Bright MLS #MDAA2118178)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 14, 2025 | Sold | ||
| Sold | |||
| Jun 26, 2025 | In contract | - | |
| In contract | |||
| Jun 24, 2025 | Listed by EXP Realty, LLC | $474,900 | |
| Listed by EXP Realty, LLC | |||
Property Highlights
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Lake Shore
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Listed by: Robert A Commodari
EXP Realty, LLC
Last Updated: 7 hours ago
Data Source: Bright MLS , MLS# MDAA2118178
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2026 Bright MLS, Inc.
EXP Realty, LLC
Last Updated: 7 hours ago
Data Source: Bright MLS , MLS# MDAA2118178
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