699 N PARK DRIVE
About This Property
The living room is a true highlight-vaulted ceilings, skylights, and abundant natural light create an inviting, airy atmosphere. A fireplace adds warmth and charm, making it perfect for relaxing or entertaining.
The kitchen features stainless steel appliances and ample workspace, ideal for daily meals or hosting. The primary suite includes a walk-in closet and a large bathroom with tile flooring, a double vanity, oversized mirror, jetted tub, separate walk-in shower, and a skylight for natural light. Enjoy a private paved patio, perfect for morning coffee or evening relaxation. Conveniently located near the Salisbury Zoo, shopping, Ocean City beaches, and major routes for easy commuting and weekend fun.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 27, 2026 | Sold | ||
| Sold | |||
| Mar 3, 2026 | In contract | - | |
| In contract | |||
| Feb 10, 2026 | Listed by Sell Your Home Services | $309,995 | |
| Listed by Sell Your Home Services | |||
| Oct 16, 2025 | Price Decreased |
$345,000
↓ $10K
(2.8%) | |
| Price Decreased | |||
| Sep 26, 2025 | Price Decreased |
$355,000
↓ $10K
(2.7%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017