1
Map
$193,500
●
House -
Off Market
559 BAY VIEW DRIVE
LUSBY, MD 20657
3 Beds
2 Baths
1,152 Ft²
$350,075
RealtyHop Estimate
75.92%
Since Mar 1, 2016
National-US
Primary Model
About This Property
WHAT A AWESOME LOCATION, JUST STEPS FROM THE BEACH AND PAX RIVER
/CHESAPEAKE BAY, THIS HOME OFFERS ALL NEW FLOORING THRU OUT,
UPDATED BATHROOMS, FRESH PAINT , LARGE PRIVATE DECK , OVER SIZED
SHED, WASHER/DRYER, LARGE FULL KITCHEN,JUST A GREAT PROPERTY IN
DRUM POINT, A MUST SEE...
Unit Size
1,152 Ft²
Days on Market
-
Land Size
0.27 acres
Price per sqft
$173
Property Type
House
Property Taxes
$146
HOA Dues
$13
Year Built
1986
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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: 4 months ago (Bright MLS #1002754090)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 23, 2024 | Sold | ||
| Sold | |||
| Jul 31, 2024 | In contract | - | |
| In contract | |||
| Jul 20, 2024 | Listed by Berkshire Hathaway HomeServices PenFed Realty | $359,000 | |
| Listed by Berkshire Hathaway HomeServices PenFed Realty | |||
| | |||
|
What a great opportunity this is to own your slice of paradise. This property has been maintained like no other. Since the owners took ownership they, Installed a generic generator, Paved the driveway, New vinyl siding, Washer/Dryer, New Refrigerator and much more. Located in Drum Point offers new buyers a Drum Point public beach and other accesses to the water including a nearby boat ramp. New roof was installed prior to this owner1 month. Very large deck in the back with views of the Patuxent river and backs to woods. Nice level lot. Large shed with electric/ Workshop. This is a awesome property for a new family and or investor. Needs very little TLC if any. A must to see.
| |||
| Feb 17, 2016 | Sold | ||
| Sold | |||
| Oct 23, 2015 | Listed by Home Towne Real Estate | $199,000 | |
| Listed by Home Towne Real Estate | |||
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Property Highlights
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Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Type
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Baths
ft²
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Price/ft²
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HOA + Taxes
About Drum Point
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Listed by: Lawrence M Stanton
Home Towne Real Estate
Last Updated: 5 hours ago
Data Source: Bright MLS , MLS# 1002754090
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2026 Bright MLS, Inc.
Home Towne Real Estate
Last Updated: 5 hours ago
Data Source: Bright MLS , MLS# 1002754090
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