$230,000
●
House -
Off Market
380 CHERRY HILL ROAD
ELKTON, MD 21921
3 Beds
1 Bath
1,739 Ft²
$1,301
Est. Monthly
11.60%
Cap Rate
About This Property
***Multiple Offers Received*** All interested parties are requested
to submit their highest and best offers by 12 PM on Monday, April
21, 2025 for consideration. Welcome to 380 Cherry Hill Road! This
home, built in 1961, offers endless possibilities for those with a
vision to make it their own. The kitchen is ready for your personal
touch. Sold in as-is condition, this property presents an exciting
opportunity to improve and add value. Nestled on a generous
0.50-acre lot, this residence boasts three bedrooms and one full
bath, providing ample space for comfortable living. With 1,176
square feet of above-grade living area, plus a finished basement.
Don't miss out on this opportunity to make this house your home.
Schedule your showing today and unlock the potential of this home!
Unit Size
1,739 Ft²
Days on Market
63 days
Land Size
0.50 acres
Price per sqft
$132
Property Type
House
Property Taxes
$172
HOA Dues
-
Year Built
1961
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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: 2 months ago (Bright MLS #MDCC2016550)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 30, 2025 | Sold | ||
| Sold | |||
| Apr 28, 2025 | In contract | - | |
| In contract | |||
| Apr 7, 2025 | Listed | $230,000 | |
| Listed | |||
| | |||
|
Welcome to 380 Cherry Hill Road! This home, built in 1961, offers endless possibilities for those with a vision to make it their own. The kitchen is ready for your personal touch. Sold in as-is condition, this property presents an exciting opportunity to improve and add value. Nestled on a generous 0.50-acre lot, this residence boasts three bedrooms and one full bath, providing ample space for comfortable living. With 1,176 square feet of above-grade living area, plus a finished basement. Don't miss out on this opportunity to make this house your home. Schedule your showing today and unlock the potential of this home!
| |||
Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Cecil
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Listed by: Amy K Occorso
Real Estate Professionals, Inc.
Last Updated: 9 hours ago
Data Source: Bright MLS , MLS# MDCC2016550
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Real Estate Professionals, Inc.
Last Updated: 9 hours ago
Data Source: Bright MLS , MLS# MDCC2016550
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