44
Map
7407 RIDGE ROAD
About This Property
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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.
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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 |
|---|---|---|---|
| Jun 10, 2024 | Sold | ||
| Sold | |||
| May 16, 2024 | In contract | - | |
| In contract | |||
| May 10, 2024 | Listed by Keller Williams Realty Centre | $335,000 | |
| Listed by Keller Williams Realty Centre | |||
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**MULTIPLE OFFERS- OFFER DEADLINE IS 5PM TUESDAY MAY 14TH** Welcome to 7407 Ridge Road, a unique opportunity to own a charming rancher sitting on 1.25 acres in Anne Arundel County! You are greeted by an inviting patio area with a stone walkway leading to a covered porch - enjoy your beverage of choice on a nice day! Main level boasts a living room, kitchen, dining area, three bedrooms full and half bath. Kitchen features granite countertops, an abundance of cabinet space, and impressive custom stone backsplash. Dining area offers tons of natural light and is located right off of the kitchen - a great communal spot! Three spacious bedrooms. Updated full bath features a standing shower with stone backsplash and crown molding surrounding. Unfinished lower level offers a ton of options - use for additional storage, workshop or in-home gym area. Or finish it later down the road and create a recreational space, additional family room, in-home theatre. So many possibilities to make it your own! Positioned on over an acre of land, imagine the oasis you can have and the entertaining you can do in the warmer months. Great commuter location close to routes 295 and 100. A six minute drive to Arundel Mills Mall - close to shopping, restaurants, grocery and entertainment! Don't miss this opportunity!
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| Nov 20, 2017 | Sold | ||
| Sold | |||
| Aug 30, 2017 | Listed by RE/MAX Realty Group | $260,000 | |
| Listed by RE/MAX Realty Group | |||
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1.25 Ac lot w/beautiful landscaping,trees & a fish pond surrounds this home! Residential/Commercial (W1)zoning,1C attached & 2C detached garages plus outbuilding/barn make this property perfect for a small business.Great location-close to BWI & shopping. New roof, new septic system,new carpet, new tile in the 14x9 sunroom & refinished wood floors. Private setting!!
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About Anne Arundel
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017