$265,000
●
House -
Off Market
197 MAYO ROAD
EDGEWATER, MD 21037
3 Beds
3 Baths
1,189 Ft²
$306,278
RealtyHop Estimate
15.58%
Since Aug 1, 2021
National-US
Primary Model
About This Property
Reduced! 3 BR, 3 BA Rancher in the heart of Edgewater and
part of the Woodland Beach community which offers water access and
amenities to include 5 beaches, 9 boat docking areas, 3 boat launch
areas, parks and playgrounds, community Hall, a volunteer Fire Dept
and a Police Dept. HOA fee is collected in the real estate taxes.
Walk to all local stores. Replacement Roof, Newer Well, Water
Treatment System (rented), Public Sewer, Renovated Hall Full
Bath. New Garage Door (door only, no opener - garage converted to
living space however needs strip heating to be conditioned)
New replacement hot water baseboard heat . 1 large shed which
could hold a car on site and 1 storage shed. Private backyard.
Roof and Well are each @ 3 years old Great investment or
starter home. Potential for home based business, check with county
for approved business types. Sold AS-IS, Where Is.
Unit Size
1,189 Ft²
Days on Market
-
Land Size
0.26 acres
Price per sqft
$223
Property Type
House
Property Taxes
$259
HOA Dues
-
Year Built
1957
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Cap Rate
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: 7 months ago (Bright MLS #MDAA466940)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 4, 2021 | Sold | ||
| Sold | |||
| Jul 23, 2021 | Sold | ||
| Sold | |||
| May 2, 2021 | Listed by RE/MAX Leading Edge | $265,000 | |
| Listed by RE/MAX Leading Edge | |||
| Jan 17, 2020 | No longer available | - | |
| No longer available | |||
| Nov 9, 2019 | Price Decreased |
$225,000
↓ $24K
(9.6%) | |
| Price Decreased | |||
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Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Londontowne
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Listed by: Carol L Tinnin
RE/MAX Leading Edge
Last Updated: 9 hours ago
Data Source: Bright MLS , MLS# MDAA466940
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.
RE/MAX Leading Edge
Last Updated: 9 hours ago
Data Source: Bright MLS , MLS# MDAA466940
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