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7625 3RD STREET
About This Property
The fully renovated backyard is an entertainer's dream, featuring a stamped concrete patio, firepit, gazebo, hot tub, retaining wall, new shed, and a vinyl privacy fence. Professionally landscaped with Zoysia sod in the rear, Fescue sod in the front, irrigation system, and landscape lighting, every detail has been carefully considered. Additional exterior improvements include gutter guards, updated front porch railings and columns, and decorative stone and river rock flowerbeds.
Inside, you'll find new engineered hardwood flooring throughout all three levels, new carpet in bedrooms and stairs, and stylish updates throughout. The kitchen is equipped with all new major appliances, complemented by a new washer and dryer. The living room showcases a stunning electric fireplace with a stone accent wall, while the primary bedroom features custom acoustic paneling. Bathrooms have been tastefully renovated, including updated vanities, fixtures, tile flooring, and a beautifully refreshed half bath with a stone accent wall. Motorized blinds and new lighting and ceiling fans complete the interior upgrades.
Located in the desirable Venice on the Bay community, residents enjoy nearby water access to the Chesapeake Bay, perfect for boating, kayaking, and waterfront relaxation. Venice on the Bay is not an HOA, but a Civic Association with a small annual fee paid through Anne Arundel County.
This move-in ready home offers exceptional value and modern finishes in a prime Pasadena location-don't miss this opportunity! For more information about this exclusive community, visit Venice on the Bay Civic Association
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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 |
|---|---|---|---|
| Jun 29, 2026 | Sold | ||
| Sold | |||
| Jun 11, 2026 | In contract | - | |
| In contract | |||
| Jun 4, 2026 | Price Decreased |
$550,000
↓ $25K
(4.4%) | |
| Price Decreased | |||
| May 29, 2026 | Listed by Redfin Corp | $575,000 | |
| Listed by Redfin Corp | |||
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Grab your golf cart and head to the beach or the golf course. Welcome to life in Venice on the Bay, one of Pasadena's best-kept waterfront communities, where neighbors know each other, kids still play outside, dogs get walked every evening, and the community beach is just minutes away. Located moments from Compass Pointe Golf Courses, this beautifully updated home offers the lifestyle buyers are searching for but rarely find. Inside, you'll find a chef-inspired kitchen, sparkling clean updated baths, convenient bedroom-level laundry, and extensive improvements completed in 2025 including renovated bathrooms, new fireplace, lighting, and plumbing fixtures. Every space feels fresh, bright, and move-in ready.
Step outside and discover your own private backyard retreat. Extensive landscaping and hardscaping create the perfect setting for summer cookouts, gatherings with friends, or relaxing with a nightcap under the stars. The large fenced yard offers plenty of room for pets, play, and entertaining, while the storage shed provides additional convenience. The lower level offers a unique bonus space that the current owners have transformed into the ultimate speakeasy. It's equally perfect as a children's playroom, movie room, game room, sleepover headquarters, or private hangout space, allowing adults and kids to entertain separately while everyone stays connected. This is more than a house. It's a lifestyle centered around community, waterfront living, golf, outdoor recreation, and some of the best neighbors you'll ever have. Whether you're heading to the beach, meeting friends for a round of golf, hosting backyard gatherings, or simply enjoying a quiet evening at home, 7625 3rd Street delivers the kind of everyday living that keeps people in Venice on the Bay for generations.
| |||
| May 18, 2026 | Price Decreased |
$575,000
↓ $20K
(3.4%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017