Updated Two-Level Residential Income
For Sale
$299,900
30 SANDSTONE COURT, Annapolis, MD 21403
Penthouse condominium with an open layout, wood-burning fireplace, private suite, and balcony facing mature trees.
Property Size1,254 SF
Days on Market47
Property Features for 30 SANDSTONE COURT
General Information
Standard status
Active
Size
1,254 SF
Property subtype
Penthouse Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$3,024
Building Details
Building Size
1,254 SF
Year Built
1994
Listing Agency:
Keller Williams Preferred Properties
Listed By:
Arlene E Harris · License #602389
(301) 980-3122
Source:
Bradkappel
Added: Aug 20
Changed: Oct 3
Last Checked: Oct 4 at 2:39PM
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 Keller Williams Preferred Properties
Investment Insights
Based on property information with market context.
This two-level penthouse condominium, built in 1994, offers three bedrooms and two full bathrooms within an open-concept living arrangement. The living and dining spaces connect naturally, while high ceilings and substantial natural light shape the interior. A wood-burning fireplace serves as a focal point, and the primary bedroom includes an en suite bathroom with direct balcony access. The residence has received updates and includes contemporary finishes throughout.
The balcony overlooks mature trees and provides outdoor space connected to the primary suite. The property is positioned near shopping, dining, public transportation, Washington, D.C., and major commuter routes.
The balcony overlooks mature trees and provides outdoor space connected to the primary suite. The property is positioned near shopping, dining, public transportation, Washington, D.C., and major commuter routes.
Key Highlights
- Three‑bedroom, two‑bathroom penthouse condominium
- Two‑level layout with open‑concept living and dining areas
- High ceilings and abundant natural light
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,924
Cap Rate
5.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$338,480
$338.5K
Cap Rate 7%
$241,771
$241.8K
Cap Rate 9%
$188,044
$188.0K
Market Conditions
NOI Build-Up for 1,254 SF
Gross rent
$32.8K $26.16/SF
− Vacancy
−$2.0K −$1.62/SF
EGI
$30.8K $24.54/SF
− OpEx
−$13.8K −$11.04/SF
NOI
$16.9K $13.50/SF
Area
Anne Arundel County, MD
Vacancy
6.20%
Lease Rate
$26.16 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$338,480
Cap Rate 7%
$241,771
Cap Rate 9%
$188,044
Alternative Uses
Best Use
Apartment 5plus
$241.8K
$211.6K – $282.1K
NOI $16,924 @ 7.0% cap · market cap 5.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$366.8K
$321.0K – $428.0K
NOI $25,678 @ 7.0% cap · market cap 8.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
275
Businesses Nearby
Explore this area
Business Placement
Demographics for 21403, MD
31,521
Population
15,479
Households
2
Avg Household Size
42
Median Age
58%
College-Educated
91%
High-School Grad
9.3 sq mi
ZIP Area
3,389
Density / Sq Mi
$115,068
Median Household Income
$64,638
Median Earnings
$1,872
Median Rent
$566,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - Penthouse condominium with an open layout, wood-burning fireplace, private suite, and balcony facing mature trees.
Where is this residential income property located?
The property is located at 30 SANDSTONE COURT Annapolis, MD.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Three‑bedroom, two‑bathroom penthouse condominium; Two‑level layout with open‑concept living and dining areas; High ceilings and abundant natural light
