624 EVERGREEN ROAD
About This Property
ROOF WAS PUT ON IN 2011/2012
NEW SEPTIC SYSTEM/ BAT SYSTEM & DRYWELL INSTALLED .
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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 |
|---|---|---|---|
| May 2, 2025 | Sold | ||
| Sold | |||
| Apr 14, 2025 | In contract | - | |
| In contract | |||
| Apr 10, 2025 | Listed | $510,000 | |
| Listed | |||
| | |||
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Welcome home! Tucked away in the serene, sought-after community of Arden on the Severn, this stunning home offers the perfect blend of luxury, comfort, and nature. Nestled on a large corner lot with quick water access, this property is a rare gem for those seeking tranquility yet needing the proximity to Annapolis, Baltimore, or DC. Honestly, you will always feel like you are on vacation here!
This charming rancher offers two bedrooms upstairs, an updated full bathroom, a tastefully renovated kitchen, and a large living space. In the basement, you will find additional space to entertain, an updated full bathroom, a room that could be used as an extra bedroom or office, and plenty of storage space. The walk-up attic area offers plenty of additional space for storage as it is completely decked and spacious. Recent upgrades include flooring, recessed lights, overhead fans, kitchen cabinets and countertops, HVAC system, and a BAT on-site sewage disposal system.
The house sits on a spacious corner lot and offers plenty of outdoor space and off-street parking. This is the perfect backyard for entertaining friends and family. The community does not have a required HOA so it allows for easy storage of your boat, jet ski, RV, or trailer on your own property. The amenity-rich community offers access to 4 beaches, 3 boat ramps, tot lots, and ball fields. The neighborhood is quiet but very active -- offering a robust monthly calendar of community activities and events.
624 Evergreen Road offers easy access to 97 for commuting into Annapolis, Baltimore, DC, or Ft. Meade areas. It is also conveniently located for shopping and outdoor activities like boating, biking, or hiking. Just imagine getting off work and taking the boat out for a nice sunset ride. Don't miss this unique opportunity to own a slice of paradise in Arden on the Severn!
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| Apr 24, 2024 | Sold | ||
| Sold | |||
| Apr 10, 2024 | In contract | - | |
| In contract | |||
Property Highlights
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Price/ft²
Listed On
Sold On
About Arden on the Severn
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017