431 FERRY POINT RD
About This Property
Just off the South River and Little Aberdeen Creek, this property offers expansive waterviews from all your living spaces. It is a perfect combination of location, gentle slope to the water, deep-water pier, and updated interior. The pier offers 6FT+ (MLW) depth, ideal for accommodating large sailboats, and features multiple boat slips with two boat lifts-one with a capacity of 16,000 lbs. and the other with 12,000 lbs. It also features 115 ft of bulkhead.
The all-brick home with approximately 3000 sq ft of living space has been updated over the years to ensure modern conveniences. It also features an oversized 24 x 30-foot garage with 12-foot ceilings, great for multiple vehicles and storage. Recent renovations include updated bathrooms, a renovated kitchen, new insulation in walls and roof, new flooring, and newer Low E thermal windows. Major infrastructure updates such as a new roof (2022), HVAC system (2023), water heater (2021), and a new well pump (2023) ensure peace of mind for the future.
Don't miss your chance to make this your own – seize the opportunity and start living the Annapolis waterfront lifestyle today!
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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%.
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 26, 2024 | Sold | ||
| Sold | |||
| Mar 27, 2024 | In contract | - | |
| In contract | |||
| Mar 20, 2024 | Listed by Coldwell Banker Realty | $1,650,000 | |
| Listed by Coldwell Banker Realty | |||
| Jan 30, 2012 | Sold | ||
| Sold | |||
| Jul 19, 2011 | Listed by Coldwell Banker Realty | $995,000 | |
| Listed by Coldwell Banker Realty | |||
Property Highlights
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About Annapolis Neck
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017