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Edgewater 21037 Londontowne
1724 CHESAPEAKE DRIVE
$75,000
● Land - Off Market

1724 CHESAPEAKE DRIVE

EDGEWATER, MD 21037
bedrooms
Studio
bathrooms
0 Bath
$166,867
RealtyHop Estimate
86.44%
Since Feb 1, 2015
National-US
Primary Model

About This Property

Building and grading permits ready for pickup. All engineering work done(Over $13,000. spent by owner). This could be started within 30 days. House offers approx. 1800 sq.ft. plus full unimproved basement.Great water privs.Water less than a half block away.Call with questions
Unit Size
-
Days on Market
-
Land Size
0.09 acres
Price per sqft
-
Property Type
Land
Property Taxes
$91
HOA Dues
$0
Year Built
2015

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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.

Last updated: 6 months ago (Bright MLS #1003228724)

Price History

Date / Event Date Event Price
Nov 6, 2017 Sold
Premium
Sold
Jul 29, 2017 Listed by RE/MAX Leading Edge $384,000
Listed by RE/MAX Leading Edge
Mar 29, 2016 Sold
Premium
Sold
Jan 30, 2015 Sold
Premium
Sold
Oct 11, 2014 Listed by RE/MAX Leading Edge $89,500
Listed by RE/MAX Leading Edge

Property Highlights

Building Info

Overview

    General

  • Year Built: 2015
  • Effective Year Built: 2015
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 1
  • Building Quality: 9
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 25
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 3
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,000
  • Total Building Area: 1,672
  • Gross Building Area: 1,672
  • Building Area: 1,672
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 8
  • Heated Square Feet: 1,672
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WOODLAND BEACH
  • Land Acres: 0000000092
  • Standard Land Use Code: 1001
  • County Land Use Code: R-C001
  • Legal Description 1: LTS 3207 3208 1724 CHESAPEAKE DR WOODLAND BEACH

Neighborhood

  • School District Name: Anne Arundel County Public Schools
  • Census Tract: 701103

Zoning

  • Zoning: R5

Geography

  • Assessors Map Reference: 56 13 130
  • Account Number: 90401761098
  • District: 01
  • Parcel: 01-904-01761098
  • Lot: 3207
  • Latitude: 38.9319
  • Longitude: -76.549

    Address

  • Full Address: 1724 Chesapeake Dr
  • Address - House Number: 1724
  • Address - Street Name: Chesapeake
  • Address - Suffix Type: Dr
  • State: MD
  • City Name: Edgewater
  • Carrier Code: R003
  • 4-Digit Zip Code: 2323
  • Zip Code: 21037

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $401,092

    Appraisal Valuation

  • Standard Deviation: 0.1415
  • Valuation Date: Sep 21, 2023
  • Confidence Score: 83
  • Final Value: 499,184
  • High Value: 569,839
  • Low Value: 428,529

    Market Valuation

  • Market Total Value: $367,300
  • Market Land Value: $170,000
  • Market Improvement Value: $197,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $367,300
  • Assessed Land Value: $170,000
  • Assessed Improvements Value: $197,300

    Sales

  • Current Sale Contract Date: Oct 30, 2017
  • Current Sale Recording Date: Nov 06, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 31533-269
  • Previous Sale Recording Date: Mar 29, 2016
  • Previous Sale Contract Date: Mar 18, 2016
  • Previous Sale Amount: $369,990
  • Previous Sale Document Type: 68
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Londontowne

Stats & Trends

Median Asking:

$495,000

Sale Price/ft²

$297

Below Asking

0.01%

Average Days on Market

44

Average Home Size

2647 ft²

Average Home Age

38.8 years

Currently For Sale

43 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 500 Fern, RIVA, MD, 21140

$3,750 /mo

  • 4 Beds
  • 2 Baths
  • 2,040 ft²
500 Fern, RIVA, MD, 21140 Listing by Brooke Austin-McAdam
Unit for rent at 453 Walnut Drive, EDGEWATER, MD, 21037

$4,400 /mo

  • 3 Beds
  • 3 Baths
  • 1,760 ft²
453 Walnut Drive, EDGEWATER, MD, 21037 Listing by Tiffany Konegen
Unit for rent at 58 Millhaven Court, EDGEWATER, MD, 21037

$3,200 /mo

  • 4 Beds
  • 2 Baths
  • 2,228 ft²
58 Millhaven Court, EDGEWATER, MD, 21037 Listing by Christine K Kogok

Rentals Near You

Click here to view more rentals in the neighborhood.
Bright MLS

Listed by: Chris M Murchake
RE/MAX Leading Edge
Last Updated: 7 hours ago
Data Source: Bright MLS , MLS# 1003228724
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.

Frequently Asked Questions

When was property at 1724 Chesapeake Drive built and last sold?
The property at 1724 Chesapeake Drive was built in 2015 and last sold on Oct 30, 2017 for $372,000.
How much is this home worth?
The estimated value of the home located at 1724 Chesapeake Drive is $0.
What are some comparable homes to 1724 Chesapeake Drive?
There are currently no comparable homes to 1724 Chesapeake Drive.
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