308 LOCUST AVENUE
About This Property
ORIGINALLY BUILT IN 1940, THIS PROPERTY OFFERS A PERFECT BLEND OF HISTORIC CHARACTER AND MODERN UPGRADES ENSURING A COMFORTABLE AND STYLISH LIVING EXPERIENCE. THE HOME WAS FULLY REMODELED IN 2024 AND BOASTS A BRAND NEW ROOF, SIDING, KITCHEN, BATHROOMS, FLOORING, HVAC SYSTEM, AND MANY OTHER EXTRAS FOR WORRY-FREE LIVING.
THE HOME PROVIDES 1983 SQ FT OF INTERIOR SPACE, 4 BEDROOMS IN TOTAL WITH A (MASTER + ADDITIONAL BEDROOM ON FIRST FLOOR), 2 ADDITIONAL BEDROOMS ARE LOCATED ON THE 2ND FLOOR, AND 2 FULL BATHS LOCATED ON THE FIRST FLOOR. THE HOME ALSO HAS A UNFINISHED WATERPROOFED BASEMENT WITH AN ADDITIONAL 1257 SQ FT OF SPACE.
DON'T MISS OUT ON THIS RARE OPPORTUNITY - SCHEDULE YOUR PRIVATE SHOWING TODAY!
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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 |
|---|---|---|---|
| Jan 7, 2025 | Sold | ||
| Sold | |||
| Dec 4, 2024 | In contract | - | |
| In contract | |||
| Sep 10, 2024 | Listed by Cottage Street Realty LLC | $797,000 | |
| Listed by Cottage Street Realty LLC | |||
| | |||
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Taking back up offers. WELCOME TO 308 LOCUST AVE, A BEAUTIFULLY REMODELED HOME LOCATED IN THE HEART OF ANNAPOLIS WITH CLOSE PROXIMITY TO THE HISTORIC DISTRICT OFFERING EASY ACCESS TO SHOPS, RESTAURANTS, AND THE NAVAL ACADEMY. THE HOME IS NESTLED ON A SPACIOUS 0.33-ACRE LOT AND HAS AN EXPANSIVE BACKYARD.
ORIGINALLY BUILT IN 1940, THIS PROPERTY OFFERS A PERFECT BLEND OF HISTORIC CHARACTER AND MODERN UPGRADES ENSURING A COMFORTABLE AND STYLISH LIVING EXPERIENCE. THE HOME WAS FULLY REMODELED IN 2024 AND BOASTS A BRAND NEW ROOF, SIDING, KITCHEN, BATHROOMS, FLOORING, HVAC SYSTEM, AND MANY OTHER EXTRAS FOR WORRY-FREE LIVING.
THE HOME PROVIDES 1983 SQ FT OF INTERIOR SPACE, 4 BEDROOMS IN TOTAL WITH A (MASTER + ADDITIONAL BEDROOM ON FIRST FLOOR), 2 ADDITIONAL BEDROOMS ARE LOCATED ON THE 2ND FLOOR, AND 2 FULL BATHS LOCATED ON THE FIRST FLOOR. THE HOME ALSO HAS A UNFINISHED WATERPROOFED BASEMENT WITH AN ADDITIONAL 1257 SQ FT OF SPACE.
DON'T MISS OUT ON THIS RARE OPPORTUNITY - SCHEDULE YOUR PRIVATE SHOWING TODAY!
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| Mar 7, 2024 | Sold | ||
| Sold | |||
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About Annapolis
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017