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552 BEECH DRIVE
About This Property
Enjoy walking the beach looking for fossils, fishing, crabbing, swimming, kayaking, canoeing, or watching the tranquility of sunrise or sunset. The Drum Point Lake is tidal and has an abundance of crabs and fish in season when the inlet is flowing. Membership to the Drum Point Club is available. The Drum Point Club has a clubhouse with meeting rooms, rentals for special events, a fishing and crabbing pier, fire pit and social and community events.
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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 |
|---|---|---|---|
| Mar 17, 2025 | Sold | ||
| Sold | |||
| Jan 14, 2025 | In contract | - | |
| In contract | |||
| Jan 5, 2025 | Listed by Cottage Street Realty LLC | $548,000 | |
| Listed by Cottage Street Realty LLC | |||
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Welcome to your new Beach Home. This 3 bedroom 3 bath home is in front of Drum Point Beach where the Chesapeake Bay meets the Patuxent River. Recent remodel includes: refinished hardwood flooring, new vanities, toilets, mirrors, fixtures, recessed and new lighting fixtures, windows, paint, trim, stainless appliances, and more. The open floor plan: kitchen, dining, and living room have expansive windows overlooking a large composite deck and the beach, perfect for relaxing and entertaining. There are multiple concrete walkways, hardscapes, lighting, mature landscaping, and patios surrounding the house where you can enjoy the outdoors. The primary (19’ x 14’) has vaulted ceilings, hardwood flooring, and a large closet. En-suite with private bath shower/tub combo. The 2nd bedroom has a vaulted ceiling and hardwood flooring. The 3rd bedroom also faces the beach area. The home features an unfinished basement with multiple areas for storage and or a workshop and carport.
Enjoy walking the beach looking for fossils, fishing, crabbing, swimming, kayaking, canoeing, or watching the tranquility of sunrise or sunset. The Drum Point Lake is tidal and has an abundance of crabs and fish in season when the inlet is flowing. Membership to the Drum Point Club is available. The Drum Point Club has a clubhouse with meeting rooms, rentals for special events, a fishing and crabbing pier, fire pit and social and community events.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017