$2,369,850
●
House -
Off Market
380 NORTH DRIVE
SEVERNA PARK, MD 21146
5 Beds
3 Baths,
1
Half Bath
4,500 Ft²
$12,368
Est. Monthly
$3
HOA / Fees
1.51%
Cap Rate
About This Property
New construction on a previously purchased lot. Beautiful 3
story home in the desirable Magothy Beach.
Unit Size
4,500 Ft²
Days on Market
1 days
Land Size
0.59 acres
Price per sqft
$527
Property Type
House
Property Taxes
$728
HOA Dues
$3
Year Built
1940
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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: 12 months ago (Bright MLS #MDAA2116456)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 28, 2025 | Sold | ||
| Sold | |||
| May 27, 2025 | Listed by EXP Realty, LLC | $2,365,400 | |
| Listed by EXP Realty, LLC | |||
| Nov 29, 2024 | Sold | ||
| Sold | |||
| Sep 17, 2024 | In contract | - | |
| In contract | |||
| Sep 7, 2024 | Listed by Compass | $1,149,000 | |
| Listed by Compass | |||
| | |||
|
Incredible opportunity on the Magothy River. This adorable cottage is just waiting for your vision. The lot is over half an acre and offers completely unobstructed views of the Magothy River. Additional features include private pier with lift (as-is) and short walk to water. There is a large flat waterfront yard complete with waterfront boathouse. Deep water will accommodate larger vessels. Original cottage is perfect for a weekend get away or start from scratch with your dream home. Huge driveway with large outbuilding which could be the perfect garage or ADU. There is also a large shed on the property. Seller believes property offers 78 feet of waterfront (nice wide lot) and MLW of 6+. Public water and sewer make renovations so much easier!! Don't miss this one of a kind opportunity! Property being sold strictly as is.
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Property Highlights
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Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Pasadena
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Listed by: Colleen M Smith
EXP Realty, LLC
Last Updated: 8 hours ago
Data Source: Bright MLS , MLS# MDAA2116456
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.
EXP Realty, LLC
Last Updated: 8 hours ago
Data Source: Bright MLS , MLS# MDAA2116456
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017