431 SCHLEY ROAD
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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.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
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Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 2, 2025 | Sold | ||
| Sold | |||
| May 18, 2025 | In contract | - | |
| In contract | |||
| May 15, 2025 | Listed by Compass | $850,000 | |
| Listed by Compass | |||
| | |||
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Welcome to 431 Schley Road, a beautifully expanded Craftsman-style home in the sought-after Admiral Heights neighborhood of Annapolis. Originally built in 1951 and thoughtfully renovated in 2008, this residence blends classic charm with custom finishes and modern upgrades throughout its over 3,000 square feet of living space.
Crafted with high-end materials and attention to detail, the home features solid wood interior doors, hardwood floors, crown molding, wainscoting, and built-ins. The updated kitchen has updated quartz countertops and a stylish backsplash and also features stainless steel appliances, bar seating, pantry, built-in beverage area, and a sunlit breakfast area with sliding doors that open to the backyard.
The spacious main level includes a formal living room with fireplace and built-in shelves, a flexible formal dining room (could a library or playroom), a main-level bedroom with a full bath just outside, the updated kitchen, sunny breakfast area, and a family room with cozy heated floors. A convenient side entry and mudroom provide direct access to the driveway.
Upstairs, the expansive primary suite offers a luxurious retreat with a soaking tub, separate shower, dual vanities, a large walk-in closet, and additional storage. Two additional bedrooms and a full bathroom complete the upper level.
The finished lower level includes a generous rec room, a fifth bedroom with updated flooring (currently used as an office) and a full bathroom just outside (perfect for guests or in-laws!), a well-equipped laundry room with sink, a utility room, and ample storage space.
Step outside to the private, landscaped backyard—ideal for entertaining and everyday enjoyment. The porch flows to a paver patio, perfect for grilling or gathering around a fire pit, and then to the spacious lawn. Bonus exterior storage near the side entry is perfect for garden tools or equipment. The rear addition was thoughtfully designed with abundant windows, built-in speakers (also wired on the back porch), and a side-entry atrium door that doubles as a mudroom—perfect for everyday ease. The low-maintenance exterior features Ipe wood porches, Hardiplank siding, energy-efficient windows, a paver patio and walkway, and an architectural shingle roof.
Located in a water-privileged community with a voluntary HOA, Admiral Heights is known for its unbeatable location—just moments from West Annapolis shops and dining, the Navy Stadium, and vibrant Downtown Annapolis. Enjoy easy access to the U.S. Naval Academy, St. John’s College, Maryland’s Eastern Shore, and major commuter routes like Rt. 50 and Rt. 97. A Pool Bond to the members-only neighborhood pool conveys with the property.
This timeless and meticulously updated home offers the best of Annapolis living—comfort, quality, and convenience in one of the city's most beloved neighborhoods.
*Offer Deadline: SATURDAY 5/17 5pm. Multiple offers received. Seller reserves the right to accept an offer at any time.
| |||
| Oct 14, 2021 | Sold | ||
| Sold | |||
| Aug 19, 2021 | Listed by RE/MAX Leading Edge | $650,000 | |
| Listed by RE/MAX Leading Edge | |||
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About Annapolis
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017