$339,000
●
House -
Off Market
298 OCEAN PKWY
OCEAN PINES, MD 21811
3 Beds
2 Baths
1,092 Ft²
$2,651
Est. Monthly
$986
HOA / Fees
4.47%
Cap Rate
About This Property
Charming 3-Bedroom, 2-Bath Home with Upgrades and Great Rental
Income Potential
Welcome to this beautifully updated home featuring a thoughtfully designed split-bedroom floor plan, perfect for both comfort and privacy. The main living areas showcase stunning hardwood floors, while the bedrooms are adorned with stylish plank flooring, providing a perfect blend of elegance and functionality.
The home boasts a spacious fenced-in backyard, ideal for outdoor gatherings and relaxation. A versatile 4-season room extends your living space year-round, offering a cozy retreat no matter the weather.
Additional highlights include a convenient asphalt driveway and a wheelchair-accessible ramp, ensuring ease of access for everyone. With its modern upgrades and fantastic rental income potential, this property is an excellent opportunity for both investors and homeowners alike. Don't miss out on this exceptional find!
Welcome to this beautifully updated home featuring a thoughtfully designed split-bedroom floor plan, perfect for both comfort and privacy. The main living areas showcase stunning hardwood floors, while the bedrooms are adorned with stylish plank flooring, providing a perfect blend of elegance and functionality.
The home boasts a spacious fenced-in backyard, ideal for outdoor gatherings and relaxation. A versatile 4-season room extends your living space year-round, offering a cozy retreat no matter the weather.
Additional highlights include a convenient asphalt driveway and a wheelchair-accessible ramp, ensuring ease of access for everyone. With its modern upgrades and fantastic rental income potential, this property is an excellent opportunity for both investors and homeowners alike. Don't miss out on this exceptional find!
Unit Size
1,092 Ft²
Days on Market
35 days
Land Size
0.18 acres
Price per sqft
$310
Property Type
House
Property Taxes
$169
HOA Dues
$986
Year Built
1997
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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: 3 years ago (Bright MLS #MDWO2022728)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 28, 2024 | Sold | ||
| Sold | |||
| Sep 11, 2024 | In contract | - | |
| In contract | |||
| Aug 28, 2024 | Relisted | $339,000 | |
| Relisted | |||
| Aug 16, 2024 | Listed by Berkshire Hathaway HomeServices PenFed Realty - OP | $335,000 | |
| Listed by Berkshire Hathaway HomeServices PenFed Realty - OP | |||
| Jun 16, 2021 | Sold | ||
| Sold | |||
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Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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Baths
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About Ocean Pines
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Listed by: Taryn Walterhoefer
Berkshire Hathaway HomeServices PenFed Realty - OP
Last Updated: 0 hours ago
Data Source: Bright MLS , MLS# MDWO2022728
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Berkshire Hathaway HomeServices PenFed Realty - OP
Last Updated: 0 hours ago
Data Source: Bright MLS , MLS# MDWO2022728
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