7 HILL STREET
About This Property
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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 |
|---|---|---|---|
| Apr 3, 2025 | Sold | ||
| Sold | |||
| Feb 17, 2025 | In contract | - | |
| In contract | |||
| Dec 24, 2024 | Price Decreased |
$1,000,000
↓ $100K
(9.1%) | |
| Price Decreased | |||
| Nov 7, 2024 | Price Decreased |
$1,100,000
↓ $100K
(8.3%) | |
| Price Decreased | |||
| Nov 1, 2024 | Listed by Berkshire Hathaway HomeServices PenFed Realty | $1,200,000 | |
| Listed by Berkshire Hathaway HomeServices PenFed Realty | |||
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Welcome to 7 Hill Street, a beautifully maintained and upgraded single-family Colonial home in the heart of Annapolis, MD. This spacious 3-bedroom, 2.5-bath residence offers 2,538 sq ft of living space with modern touches and elegant design throughout. The living room features a cozy gas fireplace, perfect for relaxing, while the gourmet kitchen is ideal for cooking and entertaining.
Custom blinds are installed throughout the home, adding chic style and privacy. The primary bedroom offers an ensuite bath and custom closet shelving, and two additional spacious bedrooms provide ample room for family or guests. A bonus loft on the 4th level adds versatility, perfect for a home office, playroom, or additional living space.
Upgrades include a tankless water heater, fresh exterior paint, and new outdoor lighting and fixtures. The backyard shed has been converted into a livable structure, adding even more versatile space.
Many more updates and improvements have been made enhancing this beautiful home's character—see the full list in documents. Also a great option for a short-term rental home - prime location just a few blocks from all Annapolis has to offer. Projected rental income is approximately $75k/year. Don’t miss out on this exceptional home!
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Property Highlights
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Price/ft²
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Sold On
About Annapolis
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017