$559,000
●
House -
Off Market
316 COLONY POINT PLACE
EDGEWATER, MD 21037
3 Beds
2 Baths,
1
Half Bath
2,337 Ft²
$3,397
Est. Monthly
$206
HOA / Fees
About This Property
Welcome home to this lovingly maintained light filled beauty.
Large formal living room with cathedral ceilings and
skylight, hardwood floors and opening to a good sized dining room
perfect for entertaining. Enjoy the eat in kitchen with 42
inch cabinets, recessed lighting, island, tray ceiling
and access to a beautiful patio with luscious plantings. Also
on this level is a master suite with walk in closet, ceramic bath
and shower with built in bench. The first floor has a laundry
room, one car garage and half bath. The upper level features two
very good sized bedrooms, full ceramic bath and a den area perfect
for a lazy afternoon reading your favorite book. South
River Colony is a wonderful community with lots of features like a
pool, bike and walking paths, tennis and basketball courts.
So close to everything Annapolis and Edgewater have to offer.
Don't miss this lovely home!!
Unit Size
2,337 Ft²
Days on Market
-
Land Size
0.07 acres
Price per sqft
$243
Property Type
House
Property Taxes
$397
HOA Dues
$206
Year Built
1998
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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: 9 months ago (Bright MLS #MDAA2092098)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 18, 2025 | Sold | ||
| Sold | |||
| May 27, 2025 | In contract | - | |
| In contract | |||
| May 8, 2025 | Listed by Douglas Realty LLC | $575,000 | |
| Listed by Douglas Realty LLC | |||
| | |||
|
Welcome home to your 2 level living in the desirable VILLAS community of South River Colony. Walk into your large living room with cathedral ceilings and hardwood floors. Continue on to a dining area and eat in kitchen. Brand new appliances. Walk out of the kitchen doors onto your private patio. The main level includes the primary bedroom with en-suite. The laundry room, half bathroom and entry to a one car garage are also located on the first floor. Head upstairs to find 2 additional large bedrooms, a storage room and a full bathroom in addition to a second living room area. New paint and carpet throughout. Many amenities included in this neighborhood including a walking path and community pool. Located in a convenient Edgewater location close to shopping and restaurants. Close to Annapolis.
| |||
| Sep 9, 2024 | Sold | ||
| Sold | |||
| Aug 27, 2024 | In contract | - | |
| In contract | |||
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Property Highlights
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Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Londontowne
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Listed by: Mark A Hudson
Corcoran McEnearney
Last Updated: 11 hours ago
Data Source: Bright MLS , MLS# MDAA2092098
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2026 Bright MLS, Inc.
Corcoran McEnearney
Last Updated: 11 hours ago
Data Source: Bright MLS , MLS# MDAA2092098
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