1092 OLD CEDAR RD
About This Property
Nestled in the tranquil and prestigious Cedars of McLean neighborhood, the elegant Colonial at 1092 Old Cedar Road is a masterpiece of luxury and comfort. This remarkable home is situated on a serene 0.81-acre lot, backing onto private parkland, offering unparalleled peace and privacy.
As you enter the home, you are greeted by a gourmet kitchen featuring a large center island, granite countertops, and high-end white appliances. The space flows seamlessly into the formal dining and living areas, ideal for hosting gatherings. The living room, with its classic wood-burning fireplace, exudes warmth and elegance.
The family room, showcasing an exposed brick wall and a 2nd fireplace (gas), opens up to a sun-drenched sunroom adorned with skylights, providing a perfect backdrop for relaxation. Additionally, the home boasts a well-lit office space on the main level, suitable for work or study.
The upper level is highlighted by the grand owner's suite, complete with ceiling fans, 2 walk-in closets, and a sitting area or 2nd office. The spa-like ensuite bathroom features dual vanities, a soaking tub, and a frameless glass shower. This level also includes 2 additional bathrooms and 3 additional bedrooms, bathed in natural light, ensuring comfort and privacy for family and guests.
The walkout lower level is a versatile space, equipped with a built-in entertainment center and a wet bar, leading directly to the lush backyard. This level also houses a private 5th bedroom, alongside a 4th full bathroom, perfect for guests or as an in-law suite.
The outdoor area of this home is equally impressive, featuring an expansive deck and a large flagstone patio, making it an entertainer's paradise. The huge side yard provides a splendid space for sports and outdoor activities.
This home's location is unbeatable, situated on a quiet, no-through street, and offering easy access to the METRO, Tysons Corner, major highways, and a host of recreational facilities, including the Spring Hill Rec Center.
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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 |
|---|---|---|---|
| Feb 20, 2024 | Sold | ||
| Sold | |||
| Jan 14, 2024 | In contract | - | |
| In contract | |||
| Jan 11, 2024 | Listed by EXP Realty, LLC | $1,899,000 | |
| Listed by EXP Realty, LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017