4727 FREDERICK AVE
About This Property
Nestled within the highly sought-after Idlewilde community, this Bayside home effortlessly blends luxury, space, and convenience, catering to a wide range of potential buyers.
As you step inside, you'll be immediately captivated by the allure of new luxury vinyl flooring that gracefully flows through the primary living areas and kitchen, exuding an elegant ambiance. The 2 MAIN LEVEL bedrooms feature fresh carpeting and contemporary light fixtures, creating a cozy and inviting atmosphere. Moreover, the main floor offers an updated full bath with beadboard accents, a pedestal sink, and a new shower door.
The heart of this home lies in its open, light-filled, eat-in kitchen. Equipped with stainless appliances, new granite countertops, and a generously sized island with modern recessed and pendant lighting, this kitchen is thoughtfully designed for both functionality and entertainment. A spacious pantry, complete with an additional fridge, ensures you'll have plenty of storage space for all your culinary essentials. Additionally, this home is equipped with a brand NEW A/C system for your comfort.
Entertaining guests is effortless as the dining area seamlessly connects with the great room and kitchen, creating an open and inviting flow. Accessible from the kitchen, the backyard is a spacious, flat, and fenced oasis, ideal for gatherings or enjoying peaceful morning coffee.
Venture upstairs to discover three well-proportioned bedrooms featuring new carpeting and light fixtures. The primary suite stands out with its beautifully renovated en-suite bathroom, which includes a new tile shower, vanity, mirror, and lighting, along with a deep soaking tub. In addition, the primary suite offers the convenience of "his and her" closets, ensuring ample storage space for all your clothing and accessories. Wake up to the mesmerizing water view, which graces the primary suite, offering tranquil scenery with ospreys, herons, and sailboats. The water view can also be enjoyed from the front porch, creating a picturesque setting for relaxation.
This property boasts additional spaces that cater to your every need. The former detached garage, now repurposed as a shed, provides ample storage for your outdoor equipment, tools, and more. However, its potential goes beyond storage; it can be transformed into a fabulous man cave, offering a retreat for relaxation and leisure. Alternatively, you could explore the possibility of converting it into additional living space, providing even more room for your family's needs. Moreover, with the option to create a profitable accessory dwelling unit, this space could also serve as an income-generating rental opportunity.
Outside your new home, the Idlewilde community offers an array of amenities, including the opportunity to explore the Chesapeake Bay, engage in activities like fishing, kayaking, crabbing, biking, and boating, and enjoy playful moments at the nearby playground. Just a short walk away, Jack Creek Park invites you to immerse yourself in its natural beauty and recreational offerings. The close-knit community atmosphere allows you to participate in food truck events, dine at charming seafood restaurants, or savor Latin-inspired cuisine at Jesse Jays. Furthermore, the convenient proximity to Annapolis and various local attractions makes this location a true gem.
Discover the tranquil lifestyle of Southern AA County, just 45 minutes from DC, 30 minutes from the Beltway, and an hour's drive to Tysons Corner. This is your opportunity to enjoy the best of both worlds - a coastal haven with breathtaking water views and easy city access! Experience the splendor of life by the Chesapeake Bay!
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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.
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About Shady Side
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017