8178 FOREST GLEN DR
About This Property
You'll appreciate the deep water pier with boat lift, dock house, and the primary suite with expansive water views. This home takes full advantage of the natural light and water views throughout, creating a welcoming and relaxing environment and with a 5 minute boat ride to the Chesapeake Bay, 20 minute drive to Annapolis and 30 minutes from Baltimore makes it such an ideal location.
Additionally, there's a 2-story guest house with 1 bedroom, walk-in closet, full kitchen, family room, and washer/dryer hookups. This space is perfect for guests or extended family members. And if you have an electric vehicle, you'll appreciate the EV charger conveniently located on the property.
This waterfront home is truly a gem, offering luxury, relaxation, and everything you need to enjoy life on the water. Come see for yourself what this exceptional property has to offer! Main house 2304 sq ft
Guest house. 880 sq ft Total sq footage 3184. Main house features 1 Bedroom, 1 Full Bathroom on the main level. 2 Bedrooms, 2 Full bathrooms on the second level. The Guest House features 1 Full Bathroom on the main level and 1 Full Bathroom and 1 Bedroom on the second level.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Aug 24, 2023 | Sold | ||
| Sold | |||
| Jul 23, 2023 | In contract | - | |
| In contract | |||
| Jul 17, 2023 | Relisted | $965,000 | |
| Relisted | |||
| Jul 11, 2023 | In contract | - | |
| In contract | |||
| Jun 3, 2023 | Price Decreased |
$965,000
↓ $20K
(2%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017