10237 NOLAN DR
About This Property
The grand 2-story foyer with skylight brightly welcomes you into the perfectly designed main level with fabulous flow for all your entertaining desires. Both the living room and dining room boast beautiful bay windows for maximum natural light. The enormous kitchen with abundant warm-toned cabinetry, lots of newly replaced granite counter space with breakfast bar, wonderful stainless steel French door refrigerator and stainless steel dishwasher, recessed lighting and a huge breakfast room will certainly be the initial gathering spot but it's the spacious family room with its fireplace, ceiling fan, access to the deck, skylight and palpable peacefulness that will have everyone lingering after the sun goes down. For those who need a private time, relax in the well-appointed office with built-ins. The discreetly placed powder room is just another example of the perfect design.
You will be delighted to find 4 large bedrooms and 2 full baths upstairs including the massive primary bedroom, a luxury bathroom and a separate vanity room that offers a large walk-in closet and vanity with sink.
The lower level provides much more space for entertaining, guests or quiet time. The spacious recreation room and 2 bonus rooms provide plenty of areas for anything you desire and the storage room with shelving is a must have.
Move right in as all the carpet has been replaced, the entire house professionally cleaned, and the siding, driveway and garage has been power washed. This warm home shows like a model.
This lovely home has a private rear yard backing to trees ideally located in the tranquil area off Travilah Road in the Wootton school district, 1 mile from Shady Grove Hospital and just minutes from Route 28, there are many shopping, dining and entertainment venues close by and commuters will love the easy access to multiple routes.
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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 |
|---|---|---|---|
| Dec 16, 2024 | Sold | ||
| Sold | |||
| Oct 15, 2024 | In contract | - | |
| In contract | |||
| Oct 10, 2024 | Price Decreased |
$988,000
↓ $112K
(10.2%) | |
| Price Decreased | |||
| Sep 24, 2024 | Listed by Long & Foster Real Estate, Inc. | $1,100,000 | |
| Listed by Long & Foster Real Estate, Inc. | |||
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About North Potomac
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017