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1840 BURLEY LANE
About This Property
Countless improvements throughout the years (see improvements list in Documents) has created a beautiful turn-key, low maintenance property perfect for starting your life on the water! The main level unfolds with an open, light-filled floor plan centered around a gourmet kitchen with a spacious island, flowing effortlessly into the dining area. Multiple sliding glass doors line the waterside, opening to an expansive deck that spans the full width of the home, creating a natural extension of the living space and an ideal setting for entertaining or simply enjoying the ever-changing views.
The living room is anchored by a striking double-sided brick fireplace, offering warmth and architectural character while connecting the main gathering spaces. Just off the foyer, a private bedroom with ensuite bath provides a perfect guest retreat. The main level also features a well-appointed primary suite with its own ensuite bath and direct access to the deck, allowing for a quiet, personal connection to the waterfront. An additional bedroom and hall bath complete this level.
The lower level offers a comfortable extension of the home with a family room that opens to a covered patio, inviting easy indoor-outdoor living. A conveniently located powder room and two additional bedrooms sharing a full bath, offer flexibility for guests, recreation, or home office use.
The outdoor experience is equally compelling, with a private pier featuring multiple slips, a floating dock ideal for launching kayaks and paddleboards, and a generous waterside seating area designed for gathering and relaxation. A long driveway leads to an expansive parking pad, providing ample space for guests, while a large storage shed offers abundant room for water toys, lawn equipment, and seasonal essentials.
Located in the Blue-Ribbon Broadneck School district and just 5 miles to downtown Annapolis and Severna Park. Convenient to Baltimore, BWI, Ft. Meade/NSA and Washington, DC., the location provides the very best this region has to offer in a 30-mile radius. Welcome Home!
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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.
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.
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About Anne Arundel
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017