503 BURNSIDE STREET
About This Property
You can't beat the location of this well maintained Eastport bungalow-lovingly cared for by the same family for over 85 years! Nestled in one of Annapolis's most sought-after neighborhoods, this home blends classic character with modern updates. Start your day on the welcoming screened front porch, the perfect spot for morning coffee. Inside, the home is filled with warmth, featuring two main-level bedrooms and a full bath. The spacious kitchen opens to a deck and fully fenced backyard-ideal for entertaining. The living room offers a cozy retreat with a striking stone fireplace, now converted to gas for easy ambiance. Brand new flooring throughout both the main and upper levels adds a fresh, contemporary touch. Upstairs, you'll find a large versatile space-perfect as a third bedroom, office, or creative studio. Convenience abounds with a large pantry and laundry area just off the kitchen. The unfinished basement with full bath provides plenty of room for a home gym, game room, or extra storage. Recent updates-including a 7 year old roof & skylight, and fresh interior paint-make this home move-in ready and worry-free. Ample street parking and a truly walkable location mean everything Eastport has to offer is just steps away. Enjoy neighborhood favorites like Davis's Pub, Boathouse Bar & Grill, Chart House, Lewnes' Steakhouse, and Ruth's Chris. You'll also love the nearby marinas, parks, pools, tennis courts, boutiques, and a delightful local bakery. And best of all? It's just a short stroll across the bridge to Historic Downtown 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 |
|---|---|---|---|
| Jun 24, 2025 | Sold | ||
| Sold | |||
| May 12, 2025 | In contract | - | |
| In contract | |||
| May 8, 2025 | Price Decreased |
$849,500
↓ $25K
(2.8%) | |
| Price Decreased | |||
| Apr 5, 2025 | Listed | $874,000 | |
| Listed | |||
| | |||
|
Charming Eastport Bungalow in Prime Location!
You can’t beat the location of this well maintained Eastport bungalow—lovingly cared for by the same family for over 85 years! Nestled in one of Annapolis's most sought-after neighborhoods, this home blends classic character with modern updates. Start your day on the welcoming screened front porch, the perfect spot for morning coffee. Inside, the home is filled with warmth, featuring two main-level bedrooms and a full bath. The spacious kitchen opens to a deck and fully fenced backyard—ideal for entertaining. The living room offers a cozy retreat with a striking stone fireplace, now converted to gas for easy ambiance. Brand new flooring throughout both the main and upper levels adds a fresh, contemporary touch. Upstairs, you’ll find a large versatile space—perfect as a third bedroom, office, or creative studio. Convenience abounds with a large pantry and laundry area just off the kitchen. The unfinished basement with full bath provides plenty of room for a home gym, game room, or extra storage. Recent updates—including a 7 year old roof & skylight, and fresh interior paint—make this home move-in ready and worry-free. Ample street parking and a truly walkable location mean everything Eastport has to offer is just steps away. Enjoy neighborhood favorites like Davis’s Pub, Boathouse Bar & Grill, Chart House, Lewnes' Steakhouse, and Ruth’s Chris. You'll also love the nearby marinas, parks, pools, tennis courts, boutiques, and a delightful local bakery. And best of all? It's just a short stroll across the bridge to Historic Downtown Annapolis.
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| Sep 22, 2022 | No longer available | - | |
| No longer available | |||
Property Highlights
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About Annapolis
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017