97 GREAT LAKE DRIVE
About This Property
Price Just Reduced by $50,000 – Incredible Value!
Don't let the days on market fool you - this beautiful home was just significantly reduced and is now priced to sell! With $50K in recent adjustments, this is a fantastic opportunity to own this spacious home in a sought-after location.
This charming single-story ranch-style home is nestled on a spacious corner lot in the desirable Hillsmere neighborhood of Annapolis. Upon entering through the front door, you're greeted by a formal living room that sets a warm and inviting tone for the home. Beyond the living room lies a combined kitchen and family room area, where the family room features a propane fireplace, creating a cozy space for relaxation.
This residence offers three well-appointed bedrooms with 2 full and one half bathrooms. Two of the bedrooms are connected by a Jack and Jill bathroom; one includes a walk-in closet, while the other provides direct access to the back porch through a sliding door. The master suite boasts its own full bathroom and also opens onto the back porch via a sliding door, enhancing the indoor-outdoor living experience.
The screened back porch, equipped with two ceiling fans, overlooks a serene koi pond, creating a peaceful retreat. The fenced backyard features an additional screened porch that offers views of the in-ground pool, which received a new liner in 2022. An attached four-car garage provides ample storage and parking space. The property's generous yard and attractive curb appeal further enhance its desirability.
This meticulously maintained home, under the care of its original owners, boasts numerous high-quality upgrades and diligent upkeep. A 50-year commercial-grade roof provides durable protection. The attached screened porch, offers a comfortable outdoor retreat. The in-ground pool was installed by Johnson's Pool and features a liner installed 2022, ensuring continued enjoyment. Essential systems have been thoughtfully updated, including a well pump replacement in 2021 and the addition of a Hague water softener for enhanced water quality. Perimeter security and privacy are provided by Long Fence, installed in 2022. The property benefits from annual treatments by Economy Pest Control and utilizes propane services from Arundel Propane for the fireplace. Additionally, a BGE Home maintenance plan has been in place, underscoring the commitment to the home's upkeep.
Residents of Hillsmere Shores enjoy a variety of community amenities, including a private marina with direct access to the South River, a sandy beach, playgrounds, waterfront pavilions with picnic tables and grills, recreational fields, and a community pool. The neighborhood is within walking distance to Quiet Waters Park, the Eastport-Annapolis library branch, Hillsmere Elementary School, PAL Park, and the Bay Ridge Plaza shopping center.
Conveniently close to downtown Annapolis and a wide array of shopping and dining options, this home offers both comfort and accessibility in a vibrant community setting.
Make sure to come out and see this in person as soon as we go live so you don't miss it. You're going to love living here!
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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 |
|---|---|---|---|
| Jul 5, 2025 | Price Decreased |
$620,000
↓ $15K
(2.4%) | |
| Price Decreased | |||
| Jun 30, 2025 | Sold | ||
| Sold | |||
| May 29, 2025 | In contract | - | |
| In contract | |||
| May 29, 2025 | Price Increased |
$635,000
↑ $15K
(2.4%) | |
| Price Increased | |||
| May 8, 2025 | Price Decreased |
$619,990
↓ $28K
(4.3%) | |
| Price Decreased | |||
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About Hillsmere Shores
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017