6942 HANOVER PKWY #301
About This Property
The primary bedroom boasts carpeting, a walk-in closet, and an attached full bath. A second carpeted bedroom and an additional full bath complete the layout.
This home is part of a vibrant community featuring amenities such as a pool, clubhouse, tennis courts, walking paths, a fitness center, and well-maintained common grounds. Conveniently located near 495 and 295, it offers an easy commute to Baltimore and Washington, DC. The condo fee includes air conditioning, electricity, heat, trash removal, snow removal, sewer, lawn care, pool access, and parking fees, making it an excellent low-maintenance living option.
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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 6, 2025 | In contract | - | |
In contract | |||
Feb 19, 2025 | Listed by Redfin Corp | $220,000 | |
Listed by Redfin Corp |
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
06/19/2021
|
2 Bed
|
2 Bath
|
1063 ft²
|
$210,000
2 Bed
2 Bath
1063 ft²
|
$205,500
-2.14%
09/29/2021
|
-
|
Dossha Davis
Samson Properties
|
Building Info
- 3 Units for Sale

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