$532,500
●
House -
Off Market
200 OAK DRIVE
PASADENA, MD 21122
3 Beds
2 Baths
1,980 Ft²
$3,053
Est. Monthly
5.34%
Cap Rate
About This Property
Open House Sunday July 13th 1:00-3:00
Completely Renovated Home in Water-Oriented Community!
Welcome to this beautifully renovated 3-bedroom, 2-bath home located in the water oriented community of Chelsea Beach. Every detail has been thoughtfully updated, offering modern living in a peaceful coastal setting.
This rare opportunity also includes a 2-car detached garage with water and electric-but the real bonus is the fully equipped 2-bedroom, 1-bath apartment with full kitchen above the garage. Whether you're looking for rental income, a private guest suite, or space for extended family, this separate living space adds tremendous value and versatility.
Enjoy nearby water access, community charm, and an ideal setup for live-in or investment potential. Don't miss your chance to own this unique, turn-key property!
Completely Renovated Home in Water-Oriented Community!
Welcome to this beautifully renovated 3-bedroom, 2-bath home located in the water oriented community of Chelsea Beach. Every detail has been thoughtfully updated, offering modern living in a peaceful coastal setting.
This rare opportunity also includes a 2-car detached garage with water and electric-but the real bonus is the fully equipped 2-bedroom, 1-bath apartment with full kitchen above the garage. Whether you're looking for rental income, a private guest suite, or space for extended family, this separate living space adds tremendous value and versatility.
Enjoy nearby water access, community charm, and an ideal setup for live-in or investment potential. Don't miss your chance to own this unique, turn-key property!
Unit Size
1,980 Ft²
Days on Market
-
Land Size
0.38 acres
Price per sqft
$278
Property Type
House
Property Taxes
$352
HOA Dues
-
Year Built
1983
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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 #MDAA2117260)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 21, 2025 | Sold | ||
| Sold | |||
| Jul 29, 2025 | In contract | - | |
| In contract | |||
| Jul 25, 2025 | Relisted | $549,900 | |
| Relisted | |||
| Jul 18, 2025 | In contract | - | |
| In contract | |||
| Jul 10, 2025 | Listed by Keller Williams Flagship | $549,900 | |
| Listed by Keller Williams Flagship | |||
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About Lake Shore
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Listed by: John R Newman II
Keller Williams Flagship
Last Updated: 8 hours ago
Data Source: Bright MLS , MLS# MDAA2117260
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Keller Williams Flagship
Last Updated: 8 hours ago
Data Source: Bright MLS , MLS# MDAA2117260
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