$315,000
●
House -
Off Market
804 RUNABOUT LOOP #804
SOLOMONS, MD 20688
2 Beds
2 Baths
$2,117
Est. Monthly
$570
HOA / Fees
12.76%
Cap Rate
About This Property
Very Nice and clean two bedroom and two full bath with water view.
Just minutes from Solomons Island. Close to Annapolis and
Washington DC. Great weekend getaway or investment property. Enjoy
all that Solomons Landing has to offer. Walking trails, Clubhouse,
Pool and fitness center.
Unit Size
-
Days on Market
82 days
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$255
HOA Dues
$570
Year Built
1995
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 2 years ago (Bright MLS #MDCA2017320)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 11, 2024 | Sold | ||
| Sold | |||
| Sep 20, 2024 | In contract | - | |
| In contract | |||
| Aug 21, 2024 | Listed by Berkshire Hathaway HomeServices PenFed Realty | $315,000 | |
| Listed by Berkshire Hathaway HomeServices PenFed Realty | |||
Property Highlights
Fireplace
With View
Parking Details
Parking Features: Parking Lot
Total Garage and Parking Spaces: 1
Interior Details
Bedrooms on Main Level: 2
Living Area Square Feet Source: Assessor
Has Fireplace
Gas/Propane
Fireplaces: 1
Exterior Details
Ownership Interest: Condominium
Property Condition: Very Good
Year Built Source: Assessor
Other Structures: Above Grade, Below Grade
Structure Type: Unit/Flat/Apartment
Construction Materials: Block, Cement Siding
Unit Building Type: Garden 1 - 4 Floors
Community Pool
Land Assessed Value: $280,167
Financial Details
County Tax: $2,646
County Tax Payment Frequency: Annually
Tax Assessed Value: $280,167
Tax Year: 2024
Tax Annual Amount: $3,056
Year Assessed: 2024
Utilities Details
Cooling Type: Heat Pump(s)
Heating Type: Heat Pump - Gas BackUp
Cooling Fuel: Electric
Heating Fuel: Electric, Natural Gas
Hot Water: 60+ Gallon Tank, Electric, Natural Gas
Sewer Septic: Public Sewer
Water Source: Public
Location Details
HOA/Condo/Coop Fee Includes: Common Area Maintenance, Custodial Services Maintenance, Ext Bldg Maint, Lawn Maintenance, Recreation Facility, Road Maintenance, Security Gate, Trash
HOA/Condo/Coop Amenities: Common Grounds, Community Center, Exercise Room, Fitness Center, Gated Community, Jog/Walk Path, Meeting Room, Picnic Area, Pool - Outdoor, Putting Green, Recreational Center, Reserved/Assigned Parking, Tennis Courts, Tot Lots/Playground
HOA Fee: $570
HOA Fee Frequency: Monthly
Washer/Dryer/Hook Up in Unit: Yes
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
08/21/2024
|
2 Bed
|
2 Bath
|
-
|
$315,000
2 Bed
2 Bath
|
$315,000
12/11/2024
|
Lawrence Stanton
Berkshire Hathaway HomeServices PenFed Realty
|
Building Info
About Solomons
Similar Homes for Sale
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Listed by: Lawrence Stanton
Berkshire Hathaway HomeServices PenFed Realty
Last Updated: 4 hours ago
Data Source: Bright MLS , MLS# MDCA2017320
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Berkshire Hathaway HomeServices PenFed Realty
Last Updated: 4 hours ago
Data Source: Bright MLS , MLS# MDCA2017320
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