237 CHATHAM LANE
About This Property
Great value in Annapolis! You'll smile the moment you walk into this beautifully renovated three-level home offering approximately 2,280 finished square feet, three bedrooms, 3.5 baths, and an inviting open floor plan designed for comfortable living and easy entertaining. Ideally located in a lovely neighborhood just minutes from downtown Annapolis, restaurants, and parks, this home offers a wonderful blend of convenience and neighborhood charm. The open foyer leads naturally into the main living spaces, where the living room flows into the dining area and features a wood-burning fireplace-a warm focal point for relaxing or entertaining. The beautifully renovated kitchen, completed in 2023, is both stylish and functional, featuring an oak island countertop, soapstone surround countertops, Fireclay brick tile, Samsung appliances, and soft-close cabinetry. Beyond the kitchen, the den and office provide flexible space for working from home, relaxing, or gathering. A newer slider opens to the fully fenced backyard, with fencing completed in 2025, and a generous expanse of level, usable lawn. The 2022 deck offers dedicated areas for grilling and outdoor seating. The lower level adds valuable finished space and storage. With brand-new carpet installed in 2026, the finished area can serve as a home gym, recreation room, guest space, or in-law area. A separate laundry area, unfinished storage, and full walk-out to the backyard add convenience and functionality. Major improvements include the 2020 roof, 2022 deck, 2023 kitchen and siding, 2025 fencing, and 2026 carpeting, offering a wonderful combination of style, functionality, and peace of mind in a convenient Annapolis location. Welcome Home!
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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%.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 6, 2026 | In contract | - | |
| In contract | |||
| Sep 25, 2026 | Listed by Coldwell Banker Realty | $539,000 | |
| Listed by Coldwell Banker Realty | |||
| Nov 9, 2019 | No longer available | - | |
| No longer available | |||
| Oct 19, 2019 | No longer available | - | |
| No longer available | |||
| Jul 1, 2019 | Sold | ||
| Sold | |||
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About Annapolis
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017