880 HILLS POINT RD
About This Property
The property includes 60+/- acres of working farmland, 14+/- acres set aside as a conservation area,13+/- acres of woodland, designated as a Tree Farm, a typical Dorchester County farmhouse, and a large barn that includes a two-story apartment.
The 2 ½ story house has 4 bedrooms, 3 1/2 bathrooms, and a country kitchen with an adjacent sunroom overlooking the water. See virtual tour.
The comfortable living room's ceiling has wooden beams harvested from the property's woodlands. There is a brick fireplace with a woodstove insert and built-in bookcases, adding to the coziness of this area. The living room opens to a large, screened porch, perfect for relaxing and entertaining in the warmer months. A large bedroom with full bath is next to the living room.
The large dining room has a cathedral ceiling lined with wooden beams reused from the original attic where it is believed slaves once lived. The room has a brick fireplace that faces the dining area, with plenty of space for a table that can seat up to 12 people.
The country-style kitchen is enhanced by the sunroom, perfect for casual living and eating. On warm days step outside to a covered pavilion, perfect for outdoor entertaining.
The upstairs areas contain a large bedroom with full bath and cedar closets. There is also a cozy bedroom under the eaves with a half bath and a place for a window seat. The top floor has a full bath and a sleeping area with two built-in beds, a perfect hideaway. All rooms in the main house have water views.
The garden areas around the house are designated Bay Wise by the State of Maryland. They contain Chesapeake Bay-friendly plants such as hydrangeas, ornamental grasses, assorted spring bulbs, and award-winning irises, and are maintained with no harmful pesticides.
The nearby large barn has two bays, perfect for storing boats, farm equipment and tools. The attached enclosed carport can hold two vehicles plus small items like bicycles. There is also a separate room with a utility sink. Nearby is a separate storage shed.
The two-story apartment above the barn has a large living room on the main floor with high ceilings. Constructed of tongue-and-groove wood, this easy-to-maintain living area has a brick fireplace with a woodstove insert, bookshelves, a dining corner, and a front seat view of Brannock Bay from the floor-to-ceiling windows. There is a small utilitarian kitchen, a full bath, and a bedroom with a view of the beautiful farm and a Bay tributary.
Upstairs there is space for two more bedrooms plus a large cedar closet. This area can be converted into two bedrooms or kept as open space and used as a retreat or an office. Built-in bookshelves are another feature of this area.
This property appeals to hunters, nature lovers, farmers, fishermen, boaters, kayakers, and more.
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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 |
|---|---|---|---|
| Apr 3, 2023 | Sold | ||
| Sold | |||
| Mar 7, 2023 | In contract | - | |
| In contract | |||
| Jan 5, 2023 | Listed by Benson & Mangold, LLC | $1,750,000 | |
| Listed by Benson & Mangold, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017