$530,000
●
House -
Off Market
516 HIGHLAND DRIVE
EDGEWATER, MD 21037
4 Beds
3 Baths,
1
Half Bath
2,559 Ft²
$579,172
RealtyHop Estimate
17.00%
Since Jul 1, 2021
National-US
Primary Model
About This Property
**OFFERS DUE BY 10AM MONDAY 5/3** Absolutely perfect like-new
colonial with a coastal influence just a block from the beach! This
lovely home also offers a FULL FINISHED BASEMENT! Open concept
floor plan with designer details throughout. Gorgeous and timeless
tile in all 3 full bathrooms. Crisp white kitchen cabinets with
granite counters and stainless appliances. Large master suite with
walk-in closet and spa-worthy master bath. Convenience of laundry
on the 2nd level. Deck off the back with stairs to the backyard and
vinyl privacy fencing less than 1 year old! Come enjoy all that
Woodland Beach has to offer from the multiple community beaches and
playgrounds, the boat docks and 3 community boat ramps to the
clubhouse - there is something for everyone! Plenty of dining
options just a short drive or bike ride away along with shopping at
Main Street at the Villages of South River Colony! Conveniently
located just 15 minutes outside of Annapolis and 40 minutes to the
DC/metro/Baltimore area. Edgewater/Central/S River schools!
Unit Size
2,559 Ft²
Days on Market
-
Land Size
0.09 acres
Price per sqft
$193
Property Type
House
Property Taxes
$428
HOA Dues
-
Year Built
2019
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 7 months ago (Bright MLS #MDAA465838)
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Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Londontowne
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Listed by: Rachel Best
RE/MAX Leading Edge
Last Updated: 9 hours ago
Data Source: Bright MLS , MLS# MDAA465838
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RE/MAX Leading Edge
Last Updated: 9 hours ago
Data Source: Bright MLS , MLS# MDAA465838
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