Three-Bedroom
For Sale
$285,000
1403 MARION QUIMBY DRIVE, Stevensville, MD 21666
A private balcony overlooks a pond, with shared recreation amenities including a pool and fitness center.
Property Size949 SF
Price / SF$300.32
Days on Market85
Property Features for 1403 MARION QUIMBY DRIVE
General Information
Standard status
Active
Size
949 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 3BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,104
Amenities
outdoor pool
fitness center
scenic jogging paths
electric fireplace
balcony
Building Details
Building Size
949 SF
Year Built
1991
Listing Agency:
Benson & Mangold, LLC
Listed By:
Norma L Coursey · License #71055
(410) 490-1307
Source:
Chesapeakebayproperties
Added: Aug 6
Changed: Oct 27
Last Checked: Oct 26 at 3:01PM
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 Benson & Mangold, LLC
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Investment Insights
Based on property information with market context.
This 949-square-foot condominium was built in 1991 and has three bedrooms, two bathrooms, and an open floor plan. The living area includes an electric fireplace, while the eat-in kitchen is equipped with a dishwasher and stacked washer and dryer. A private balcony faces pond views.
Community amenities include an outdoor pool, fitness center, and jogging paths. Sidewalks and street lighting are also present. The association fee covers maintenance and insurance.
Community amenities include an outdoor pool, fitness center, and jogging paths. Sidewalks and street lighting are also present. The association fee covers maintenance and insurance.
Key Highlights
- 949‑square‑foot unit with three bedrooms and two bathrooms
- Open‑plan layout with an electric fireplace in the living area
- Eat‑in kitchen with dishwasher and stacked washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,495
Cap Rate
4.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$249,900
$249.9K
Cap Rate 7%
$178,500
$178.5K
Cap Rate 9%
$138,833
$138.8K
Market Conditions
NOI Build-Up for 949 SF
Gross rent
$23.9K $25.20/SF
− Vacancy
−$1.2K −$1.26/SF
EGI
$22.7K $23.94/SF
− OpEx
−$10.2K −$10.77/SF
NOI
$12.5K $13.17/SF
Area
Queen Anne's County, MD
Vacancy
5.00%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$249,900
Cap Rate 7%
$178,500
Cap Rate 9%
$138,833
Alternative Uses
Best Use
Apartment 5plus
$178.5K
$156.2K – $208.3K
NOI $12,495 @ 7.0% cap · market cap 4.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$227.4K
$198.9K – $265.3K
NOI $15,915 @ 7.0% cap · market cap 5.58%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
484
Businesses Nearby
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Business Placement
Demographics for 21666, MD
12,848
Population
5,781
Households
2.2
Avg Household Size
45
Median Age
42%
College-Educated
95%
High-School Grad
21.9 sq mi
ZIP Area
587
Density / Sq Mi
$130,426
Median Household Income
$63,926
Median Earnings
$1,755
Median Rent
$478,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A private balcony overlooks a pond, with shared recreation amenities including a pool and fitness center.
Where is this residential income property located?
The property is located at 1403 MARION QUIMBY DRIVE Stevensville, MD.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: 949‑square‑foot unit with three bedrooms and two bathrooms; Open‑plan layout with an electric fireplace in the living area; Eat‑in kitchen with dishwasher and stacked washer and dryer
