203 ANCHOR LANE
About This Property
This home has a cost-efficient hybrid heat system with the ability to use traditional heat from its heat pump, or when it gets extremely cold, you optionally can use the more efficient forced air oil-based heat if you desire. Additionally, there is an amazing floor to ceiling living room fireplace and a beautiful woodstove in the addition! The asphalt driveway is new with room to park numerous cars and a boat, and the attached heated and air-conditioned garage is fully insulated and drywalled and not only provides great vehicle storage, but it is also comfortable to use year-round for hobbies or crafts.
This home's large, landscaped privacy fenced lot provides ample room to entertain with a feeling of privacy, and includes multiple decks, a fire pit, and playground equipment. Additionally, there is a large shed with a new roof that provides lots of outdoor storage.
203 Anchor Lane is located steps from the water, minutes from Annapolis, and is perfectly positioned to conveniently enjoy the best of Kent Island. There is a marina literally three doors up the street, which offers a members-only pool, a provisions store, and rental slips for your boat. If you don't have a boat, there is a rental boat program. Several doors up the street there are also two restaurants with views of the marina. To round out this well-located home, the Cross Island Trail is part of Castle Marina, which allows easy walking or bicycling access to bay and river-front beaches, amazing Kent Narrows restaurants and bars, and commuter buses to Washington DC. You really must see this home to appreciate it!
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 6, 2025 | Sold | ||
| Sold | |||
| Jun 19, 2025 | In contract | - | |
| In contract | |||
| May 8, 2025 | Listed by Wilson Realty & Staging LLC | $499,000 | |
| Listed by Wilson Realty & Staging LLC | |||
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HOT OFF THE PRESS! Seller is offering to pay down mortgage rate by 1 point for any accepted offer by June 20th! Plus the listing agent will provide a home warranty! WE INVITE YOU TO TAKE A 2nd LOOK!! Staged and re-freshed you'll wonder why you didn't scoop this one up earlier! This adorable rancher has the traditional 3 bedrooms and 2 baths and so much more including a large dining area, kitchen with breakfast bar that flows into a large living room anchored by a beautiful brick fireplace. PLUS a large addition offers a second living space with wood stove that overlooks the private, fenced yard. Patio area is the perfect spot to sip your morning coffee or unwind and take in the warm summer breeze. Easy walk to local eateries and shops, too! Centrally located on the island so you aren't too far from anything. 4.75% Assumable Rate Mortgage Available, too!
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| Jan 13, 2025 | Price Decreased |
$499,000
↓ $16K
(3.1%) | |
| Price Decreased | |||
| Dec 12, 2024 | Listed | $514,900 | |
| Listed | |||
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Here is your chance to buy in Castle Marina without the hassle! Close walk to local restaurants, or hop onto the cross island trail! Gorgeous classic Kent Island brick rancher featuring new roof, new refrigerator, new water softener & oven range, new water heater, barn doors throughout, wood burning stove, and fully heated/air condition controlled garage! This property is approved for an assumable mortgage at 4.75%!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017