521 KENMORE ROAD
About This Property
The current owner has made substantial improvements in 2024-25, including a new Bosch HVAC system, full primary suite renovation with walk-in closet and deluxe primary bath, new KitchenAid electric convection range, dishwasher, refrigerator and microwave (with convection oven and air fryer), NEW larger electric water heater, new carpet (upper and lower levels), wood flooring on the main level, and full ductwork cleaning and sanitization. Cosmetic updates include fresh interior paint, new outlets, outlet covers, sockets, and vent covers, and professional landscaping featuring new trees, shrubs, and updated fencing. Both roof (2020) and windows (2021) have been recently replaced, as well.
The main level offers newly installed LVP flooring, a sunlit living room, and an expanded and renovated kitchen with custom cabinetry, quartz countertops, top-of-the-line KitchenAid appliances, an oversized island with built-in shelving, and corner bench seating with under-storage. Upgrade your mornings with the built-in coffee bar! From the kitchen, step out onto the spacious rear deck overlooking the fenced backyard-ideal for entertaining and play.
The main floor renovation also includes a luxurious primary suite. A peaceful, spacious bedroom leads to a large, thoughtfully designed walk-in closet with plenty of storage. The new primary bath includes a free-standing soaking tub, tiled shower with glass surround and rain shower head, and charming quartz-topped vanity. You'll love the expanse of marble tile under your feet and soothing coastal colors to start and end your days!
Two charming upper-level bedrooms share a central half bath. These functional spaces would also make a great office space, music room or craft area.
The lower level features a cozy family room with a built-in bar, shiplap detailing, a mini-fridge, and a laundry area tucked behind barn doors. An expansive storage area includes built in shelving. The basement was enhanced in 2025 with new carpeting and baseboards and a new exterior door. A rear walkout leads to the fully fenced backyard with a fire pit and shed. Whether you're playing lawn games or inviting friends for a crab feast on the back deck, the beautiful backyard is a private and peaceful green space.
Other major system updates include a newer roof (2021) with a transferrable 10-year warranty and premium replacement windows (2021).
Carrollton Manor residents enjoy access to three Severn River waterfront areas offering beaches, a fishing pier, boat ramp, slips (waitlist), and a community clubhouse. While the property does not have a formal HOA, the neighborhood is governed by the Carrollton Manor Improvement Association, a special community benefit district (SCBD), with an annual assessment of $150. You'll love living within walking distance of shops, restaurants, a grocery store, and services, including salons and banking!
Conveniently located near Route 2 and major highways, this move-in-ready home provides quick access to Annapolis, Baltimore, and Washington, D.C. Don't miss your opportunity to own a turnkey home in one of Severna Park's premier water-access communities.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017