424 DEWEY DRIVE
About This Property
Featuring white oak cabinets with black granite countertops and forged hardware, the recently renovated kitchen includes new appliances such as a 27 CF refrigerator, stove, and dishwasher. Additional highlights are a granite desk, recessed lights on dimmers, and a laundry area. Opening to a 14x17 paved outdoor seating area, the kitchen is ideal for dining and entertaining, with a view of the private landscaped backyard. Offering amazing proximity to all that Annapolis offers and a private oasis is truly a rare find. The backyard includes (Fargesia Rufa) non-invasive bamboo and lovely peach trees.
Occupying two bedrooms, the renovated primary bedroom suite includes a private exterior entrance and access to the living room. It features a washer/dryer, sitting area, wet bar with a new refrigerator, refinished cabinets with granite countertops, and a double sink with a new faucet under a skylight. The suite also offers a dining area or office space with a view, a cedar closet, and a 24ft storage space, all overlooking the quiet backyard with ample closet space. Recently updated, the primary bathroom has a skylight featuring low e-glass, recently updated carpet, deep hardwood cabinets with granite countertops, new ceramic sinks, faucets, hand-forged hardware, and tempered privacy glass.
Accessible from the patio, the basement includes cozy features such as a recently upgraded fireplace with a remote and SS vent system through the chimney. A half wall is perfect for a flat-screen TV and soundbar, with additional space for crafts or a home office. A den with an egress window and a recently renovated bathroom add to the functionality. The furnace room includes modern updates that allows for optional heating and cooling systems to be used. Such as a 66-gallon hybrid heat pump/electric water heater, a gas wall-mounted high-efficiency heater with a wifi thermostat, central HVAC with heat/cool mini splits on each of the three levels, and a backup window AC for the two mid-level rooms. Extra storage is available under the stairs.
This home includes 36 high-tech solar panels (owned) mounted on the side roof. Accommodating up to six cars, the 3-car wide concrete driveway is a rare feature in this neighborhood. New exterior automatic and motion lights at the front and rear entrances enhance security. Electrical, plumbing, and carpentry have been upgraded throughout. New windows on each level, including a newer sliding door in the main living room, a large bay window at the front, and all bedroom and kitchen windows, all feature argon-filled, low e-glass.
Located just two blocks from Navy Stadium, perfect for enjoying Navy Football or the beloved Annapolis Blues, a quiet, shady waterfront park with a picnic table and pier is also two blocks away. The charming shops and restaurants of West Annapolis are a short walk away, and downtown Annapolis is just one mile from home. Conveniently close to the Annapolis mall, shopping centers, Route 50, and Route 97, this home is a perfect blend of modern amenities and traditional charm, offering a prime location in the heart of Annapolis.
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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%.
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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.
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 |
|---|---|---|---|
| Sep 27, 2024 | Sold | ||
| Sold | |||
| Aug 16, 2024 | In contract | - | |
| In contract | |||
| Aug 1, 2024 | No longer available | - | |
| No longer available | |||
| Jun 20, 2024 | Price Decreased |
$729,900
↓ $20K
(2.7%) | |
| Price Decreased | |||
| Jun 14, 2024 | Price Increased |
$749,900
↑ $20K
(2.7%) | |
| Price Increased | |||
Property Highlights
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About Annapolis
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017