$916,900
●
House -
Off Market
11016 FAWSETT RD
POTOMAC, MD 20854
3 Beds
2 Baths
1,404 Ft²
$2,701
Est. Monthly
About This Property
List price to be opening bid at online only auction. Online
auction to be conducted on Auctioneers website. Bidding begins
Thursday, July 4th and ends Tuesday, July 9, 2024, at 11:30 AM. A
great opportunity to renovate a ranch style house in Potomac, MD;
with 1,404 +/- sq. ft. of above grade living space and 1,404 +/-
sq. ft. in the lower level. The house sits on 1.02 +/- acres, and
is surrounded by mature trees and offers privacy since it is near
the end of Fawsett Road. There are beautiful existing homes
surrounding the property. The house is in need of a full
renovation. We suggest that potential buyers do their due diligence
before bidding. Location: Potomac is a highly desirable
community in which to reside. It is in close proximity to
Washington, DC and Virginia. Nearby is Potomac Village Shopping
Center, Old Angler's Inn, Great Falls Park, Billy Goat Trail, Gold
Mine Trail, Avenel Local Park, The Potomac River, Congressional
Country Club and more. Conveniently located near major access
roads like Falls Road, McCarthur Blvd., Clara Barton Parkway and
I-495.
Unit Size
1,404 Ft²
Days on Market
23 days
Land Size
1.02 acres
Price per sqft
$392
Property Type
House
Property Taxes
$896
HOA Dues
-
Year Built
1976
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 3 years ago (Bright MLS #MDMC2136662)
Price History
Property Highlights
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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About Potomac
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Listed by: Larry Cooper
Alex Cooper Auctioneers, Inc.
Last Updated: 4 hours ago
Data Source: Bright MLS , MLS# MDMC2136662
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2026 Bright MLS, Inc.
Alex Cooper Auctioneers, Inc.
Last Updated: 4 hours ago
Data Source: Bright MLS , MLS# MDMC2136662
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Address: 335 Madison Avenue, New York, NY 10017