10908 RIVERWOOD DR
About This Property
The main level offers a highly desirable two-story primary suite with a loft area perfect for a quiet workspace or library, sitting area, and a fully renovated bathroom with an electric fireplace, two walk-in closets, and an oversized marble shower that can easily accommodate two!
Also located on this level are a large living room with cathedral ceiling, wood-burning fireplace, and two-story wall of windows; dining room; library; and great room that also has a cathedral ceiling and wood-burning fireplace. The kitchen has been renovated to reflect today's active lifestyle with a large center island with pendant lighting and eating space, lots of cabinets with granite countertops, and top-of-the-line appliances. The sliding glass door opens to the back yard with a 1,700 square foot flagstone patio and recirculating fountain, perfect for outdoor relaxation or entertaining.
The upper level provides an abundance of space as well, with four bedrooms and two full bathrooms. One bedroom is adjacent to a sitting room or bonus room with its own staircase to the first floor.
The walkout lower level offers the potential for a variety of living options. A large recreation room boasts a wood-burning fireplace and a curved brick bar with granite countertop that can also serve as an additional kitchen. There is also a bedroom, now being used as a gym, and full bathroom, a wine cellar, plenty of storage space,
This fabulous home enjoys easy access to 1-495 and 1-270 as well as Washington, DC and Northern Virginia. Area residents can take advantage of the fine Montgomery County schools in the Winston Churchill Cluster as well as notable private schools. Recreation possibilities abound with a number of nearby public parks and golf courses.
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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 |
|---|---|---|---|
| Jun 14, 2024 | Sold | ||
| Sold | |||
| May 8, 2024 | In contract | - | |
| In contract | |||
| May 8, 2024 | Price Decreased |
$2,150,000
↓ $148K
(6.4%) | |
| Price Decreased | |||
| Apr 1, 2024 | Listed by Washington Fine Properties, LLC | $2,298,000 | |
| Listed by Washington Fine Properties, LLC | |||
| Jul 10, 2015 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017