10505 DEMOCRACY BOULEVARD
About This Property
Nestled in the heart of Potomac, this exquisite 6-bedroom, 4-and-a-half-bathroom single-family home sits on a spacious 0.5-acre lot backing onto a private school's open field.
The main level welcomes you with a gracious two-story foyer leading to a formal living room and office. A bright and expansive living room seamlessly connects to the formal dining room. The gourmet kitchen boasts stainless steel appliances, granite countertops, and high-end cabinets, opening to a two-story family room adorned with large windows, a fireplace, and French glass doors that lead to the three-level deck overlooking the sprawling half-acre flat yard. The main level also features a newly renovated powder room.
Upstairs, discover four bedrooms and three full bathrooms. The primary bedroom boasts a walk-in closet and a newly renovated upscale full bathroom featuring a standalone bathtub, a sizable standing shower, high-end double vanity, and a makeup counter, all finished with beautiful tiles. Another bedroom suite with a full bath was renovated five years ago, while a newly renovated hallway full bath serves the remaining two generously sized bedrooms.
The walk-out level basement presents a spacious open recreational room, two additional bedrooms, and a newly renovated full bathroom. French glass doors open to the lower level of the three-tiered deck and the expansive half-acre grounds.
The entire house has been treated to new paint and flooring, with the basement sporting new floors, the main level showcasing newly finished hardwood floors, and the stairs and hallway gleaming with newly finished hardwood floors, while the bedrooms feature new carpets. Roof replaced just one year ago.
One HVAC unit is only two years old. Another HVAC unit is seven years old.
Conveniently situated within walking distance to Potomac village center and mere minutes from major highways, this property offers unparalleled comfort, style, and accessibility.
No HOA.
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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 |
|---|---|---|---|
| May 6, 2024 | Sold | ||
| Sold | |||
| Apr 19, 2024 | Price Decreased |
$1,649,900
↓ $50K
(2.9%) | |
| Price Decreased | |||
| Apr 10, 2024 | Price Decreased |
$1,699,900
↓ $50K
(2.9%) | |
| Price Decreased | |||
| Mar 20, 2024 | Price Increased |
$1,749,900
↑ $100K
(6.1%) | |
| Price Increased | |||
| Mar 12, 2024 | Listed by UnionPlus Realty, Inc. | $1,649,900 | |
| Listed by UnionPlus Realty, Inc. | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017