819 ELM DRIVE
About This Property
Inside, the home offers four bedrooms and three full bathrooms, including a primary bedroom with its own attached bath. The bathrooms have been enhanced, and the modern kitchen has updated appliances throughout. In the last 10 years the home has seen improvements such as windows, doors, siding, and roofing reflect the care and attention given to maintaining the home. The main living spaces include a dining room and living room, with an upper-level door leading to a back deck overlooking the water.
The lower level includes a family room with a wood-burning stove, a wet bar, bonus gym space, and walk-out access to the patio and backyard facing the water. One of the four bedrooms is located on this level, offering flexible space for guests, office use, or additional living needs.
The property has seen numerous improvements over time, including a BAT septic system, updated mechanical systems, refreshed flooring, lighting enhancements, and outdoor improvements. Additional features include an invisible fence and a marina located just up the street.
Conveniently located with access to Route 2 and Route 4 for commuting toward Annapolis, Washington D.C., and surrounding areas, while still enjoying the quieter waterfront setting that makes the West River area so special.
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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 |
|---|---|---|---|
| May 15, 2026 | Sold | ||
| Sold | |||
| Apr 8, 2026 | In contract | - | |
| In contract | |||
| Mar 31, 2026 | Price Decreased |
$875,000
↓ $15K
(1.7%) | |
| Price Decreased | |||
| Mar 12, 2026 | Listed by TTR Sotheby's International Realty | $889,900 | |
| Listed by TTR Sotheby's International Realty | |||
| Jun 27, 2025 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017