303 EDGEMERE DRIVE
About This Property
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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 |
|---|---|---|---|
| Oct 29, 2024 | Sold | ||
| Sold | |||
| Oct 7, 2024 | In contract | - | |
| In contract | |||
| Aug 6, 2024 | Relisted | $775,000 | |
| Relisted | |||
| Jul 28, 2024 | In contract | - | |
| In contract | |||
| Jul 12, 2024 | Listed by Coldwell Banker Realty | $775,000 | |
| Listed by Coldwell Banker Realty | |||
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Welcome to 303 Edgemere Drive, an enchanting south-facing residence in the coveted Hillsmere community of Annapolis. This home masterfully combines contemporary elegance with timeless charm, offering a lifestyle of luxury and tranquility. Begin your day in the sunlit gourmet kitchen, a paradise for culinary enthusiasts. Top-of-the-line stainless steel appliances, granite countertops, and custom cabinetry elevate your cooking experience, reflecting a commitment to quality and sophistication. Imagine crafting gourmet meals and enjoying casual breakfasts in this exquisite space. The open-plan living area is perfect for family gatherings and intimate evenings. Gleaming hardwood floors and a cozy wood-burning fireplace create a warm and inviting ambiance. Anderson French doors and windows flood the space with natural light, seamlessly blending indoor and outdoor living. Picture yourself hosting lively dinner parties or relaxing with a good book by the fire. Each of the four spacious bedrooms is designed for ultimate comfort and peace. Retreat to these serene spaces at the end of the day, where you’ll find plush carpeting, ample closet space, and an atmosphere of tranquility. The three luxurious full baths, with their high-end fixtures and finishes, provide a spa-like retreat, making every day feel like a getaway. Enjoy your mornings on the charming front porch, where the gentle breeze and the soothing motion of the porch swing create a perfect start to the day. Unwind in the evening with a book and a glass of wine, savoring the tranquility of your surroundings. The expansive backyard is perfect for lively celebrations, a dream garden, or a tranquil escape. One of the best yards in the community, it’s level and spacious, offering plenty of room for gardening and play spaces, with enough yard space for a private pool if you desire. Imagine hosting BBQ parties and crab feasts, creating memories that will last a lifetime. Living in Hillsmere means access to exclusive community amenities: a private pool, a dock for nautical adventures, sandy beaches, and bayfront playgrounds perfect for creating lasting memories. Enjoy beach pavilions, volleyball, boat slips, canoe/kayak storage, and a boat ramp just seconds away. Community events like pool-side movie nights, food truck Fridays, Easter egg hunts on the beach, a 4th of July bike parade, spring sock burning, and an end-of-the-year pig roast foster a true sense of community with friendly neighbors. This home has been meticulously maintained and boasts numerous high-end upgrades, including new roofing, updated gutters, a robust water heater and softener system, an advanced HVAC system, and newly installed windows and doors. The chimney has been updated with a new liner, and the freshly painted interiors and exteriors, along with elegant new railings, complete this extraordinary home. At 303 Edgemere Drive, experience unparalleled luxury and comfort in a beautiful, tranquil setting. The brand-new Hillsmere Elementary School is within walking distance, making mornings easy and convenient. The vibrant community and the lock-and-leave lifestyle this home provides is a dream! Don’t miss your chance to own this rare gem in a sought-after location—your new beginning starts here.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017