10208 SUMMIT AVENUE
About This Property
Step inside and you'll immediately feel the difference that fresh paint and newly refinished hardwood floors make - this home is truly move-in ready, allowing a new buyer to arrive and start living from day one.
The sun-drenched main level is designed for the way people actually live. A gracious formal living room flows into a generous family room, both bathed in natural light. A practical mudroom with built-ins off the side entry keeps the day-to-day beautifully organized. The heart of the home is the large, renovated eat-in kitchen, outfitted with white quartz countertops, abundant counter space, gas cooking, a wine refrigerator, and a built-in desk - a chef's dream. The kitchen opens seamlessly into a formal dining room, making everything from casual family dinners to elegant entertaining effortless. Sliding doors off the dining room open to a wraparound porch overlooking the large, private rear yard, complete with a swing set already in place - the perfect backdrop for summer evenings and weekend afternoons. A renovated full bathroom and bedroom rounds out the main level.
Upstairs, three well-proportioned bedrooms share a full bath with a linen closet conveniently nearby. The primary suite features a walk-in closet, and one of the secondary bedrooms offers a thoughtfully designed built-in bed with storage underneath - a clever and functional feature.
The lower level provides fantastic flex space, perfectly suited for movie nights, a playroom, or a home gym. A large laundry room with ample room for built-in storage adds everyday practicality that busy households will appreciate.
Kensington's vibrant Old Town District offers antique shops, bookstores, consignment, jewelry, home decor and gifts while the weekly Kensington Farmers' Market takes place every Saturday. Bethesda Row - with its mix of open-air boutiques and shops, restaurants, salons, spas, and the Landmark Theatre - is just minutes away, offering a sophisticated urban experience without leaving the suburbs. Commuting into the District is equally effortless, with Connecticut Avenue and multiple Metro access points making downtown DC easily reachable. Rock Creek Park - one of the largest urban parks in the country - is practically at your doorstep, offering miles of hiking and biking trails, picnic areas, and a nature center for year-round outdoor adventure. Whether you're a trail runner, a weekend cyclist, or simply someone who loves a morning walk through the woods, this location delivers.
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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%.
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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.
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About South Kensington
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017