704 CALEB LANE
About This Property
Situated on nearly a quarter-acre lot, the property is the best location in the neighborhood, just two short blocks from the community pool, clubhouse, playgrounds, water access for kayaking and fishing, and scenic walking and biking trails. This exceptional property offers the perfect blend of comfort, elegance, and convenience. Located only 10 minutes from Downtown Annapolis, this home provides the tranquility of private community living without sacrificing easy access to shopping, dining, and waterfront attractions.
This elegant home truly checks every box - offering exceptional space, thoughtful upgrades, outstanding community amenities, and an unbeatable Annapolis location.
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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 |
|---|---|---|---|
| Sep 3, 2026 | Sold | ||
| Sold | |||
| Jul 24, 2026 | In contract | - | |
| In contract | |||
| Jul 21, 2026 | Price Decreased |
$950,000
↓ $24K
(2.5%) | |
| Price Decreased | |||
| Jun 25, 2026 | Price Decreased |
$974,000
↓ $21K
(2.1%) | |
| Price Decreased | |||
| Jun 10, 2026 | Price Decreased |
$995,000
↓ $4K
(0.4%) | |
| Price Decreased | |||
Property Highlights
Building Info
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About Annapolis
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017