12245 HIDDEN BAY DRIVE 3, Berlin, MD 21811
New townhome featuring a rooftop deck, available Summer 2025.
- Added:
- Feb 6, 2025
- Days on Market:
- 512
- Last Refresh:
- May 20 at 1:00 am
Property Features for 12245 HIDDEN BAY DRIVE 3
General Information
- Standard status
- Active
- Size
- 2,426 SF
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 2025
Listing office NVR, INC. (240) 305-1275
Listing date Feb 6, 2025
Source Exitrealty
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of NVR, INC.
HighLights
- Enjoy the rooftop deck and 4th bedroom with full bath on the fourth floor.
- Community amenities include kayak launch, crabbing pier, indoor and outdoor pools, fitness center, tennis courts, and clubhouse.
- Proximity to Ocean City Inlet, downtown Berlin, and Assateague Island beaches (less than 10 minutes).
- Spacious kitchen with stainless steel appliances, white cabinets, large island with granite countertops.
- First‑floor bedroom with en suite full bath.
- Owner's suite features a large walk‑in closet, soaking tub, double vanity, and separate shower with tile seat.
Overview
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $44.5k | $18.36 |
| − Vacancy | −$3.0k | −$1.25 |
| EGI | $41.5k | $17.11 |
| − OpEx | −$18.7k | −$7.70 |
| NOI | $22.8k | $9.41 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Berlin
- County
- Worcester
- State
- Maryland
- Longitude
- -75.2176
- Latitude
- 38.3252