435 FERRY POINT RD
About This Property
The main level family room boasts a floor-to- ceiling stone gas fireplace and built in wet bar with gorgeous water views from every window. The main level also features a waterfront primary bedroom suite as well as a formal dining room, living room, laundry and over-sized two car garage. The open floor plan provides easy access to the spacious kitchen, breakfast nook and waterfront deck-perfect for entertaining! The spiral staircase in the breakfast nook leads to the second floor primary bedroom suite with sitting room that opens to a waterfront deck. The front staircase off the foyer also leads to the second floor. In addition to the second primary bedroom suite, the second floor features two additional bedrooms and full bath. One of these bedrooms could be a multi-purpose room or upstairs laundry with access to the walk in attic.
The spacious walkout basement provides easy access to the circular stone waterfront patio with stone knee wall. The walk-out basement has an oversized entertaining area, built-in wet bar, half bath, office/bonus room, workshop and additional storage areas. An additional wood patio is located on the side of the house with beautiful water views. The Wild Rose Shores Voluntary HOA features a boat ramp, waterfront playground and picnic area. Overall, this waterfront home offers a combination of exquisite views, great location, unbeatable boating amenities and luxurious living spaces, making it a truly exceptional property.
One year Cinch Home Warranty provided.
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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.
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 |
|---|---|---|---|
| Nov 15, 2023 | Sold | ||
| Sold | |||
| Oct 15, 2023 | In contract | - | |
| In contract | |||
| Oct 3, 2023 | Listed by Blackwell Real Estate, LLC | $1,799,999 | |
| Listed by Blackwell Real Estate, LLC | |||
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About Annapolis Neck
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017