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315 HIGHLAND DRIVE
About This Property
The thoughtfully redesigned kitchen, completed in 2020, is both stylish and functional with granite countertops, stainless steel Samsung appliances installed in 2021, soft-close cabinets and drawers, a pull-drawer pantry, dedicated spice cabinet, built-in microwave, and a smart freestanding electric range with built-in air fryer functionality. A modern Annapolis lighting fixture and breakfast bar complete the space, while ample cabinetry provides exceptional storage.
Just beyond the kitchen, the carpeted family and dining room areas create an open and versatile layout ideal for entertaining and everyday living. Sliding glass doors lead into the bright carpeted sunroom, featuring a skylight for even more natural light and additional sliding doors opening to the dining deck for effortless indoor-outdoor living, and a convenient powder room completes the main level. All carpet throughout the home was replaced in May 2026 for a cohesive, fresh feel.
The upper level offers a comfortable primary bedroom along with a second and third bedrooms, all featuring brand-new carpet, ceiling fans and a shared hall full bathroom. The unfinished lower level provides generous storage or future expansion potential with a bath rough-in already in place, plus a private walk-up exit to the backyard.
Outside, the property continues to impress with a spacious backyard, two storage sheds, and a front-load one-car detached garage offering additional convenience and storage options. Conveniently located near shopping, dining, commuter routes, and local amenities, residents also enjoy access to nearby South River waterfront parks, community beaches, marinas, and recreation areas, enhancing the lifestyle appeal of this exceptional home.
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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.
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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 |
|---|---|---|---|
| Jun 22, 2026 | Sold | ||
| Sold | |||
| May 19, 2026 | In contract | - | |
| In contract | |||
| May 14, 2026 | Listed by Northrop Realty | $475,000 | |
| Listed by Northrop Realty | |||
| Jan 23, 2019 | No longer available | - | |
| No longer available | |||
| Jul 18, 2018 | Listed | $298,000 | |
| Listed | |||
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Spacious Dutch colonial home with water privileges. Kitchen opens to the family room, full basement ready to be finished. Neighborhood features beaches, boats ramps piers and playgrounds. South River Blue Ribbon school district. The manager has listed the unit size as 1360 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017