113 NORMANDY DRIVE
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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%.
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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 |
|---|---|---|---|
| Aug 22, 2024 | Sold | ||
| Sold | |||
| Aug 2, 2024 | In contract | - | |
| In contract | |||
| Jul 18, 2024 | Listed by Donna Kerr Group | $735,000 | |
| Listed by Donna Kerr Group | |||
| | |||
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This gorgeous modern home offers the perfect blend of luxury, tranquility, convenience, and comfort in the highly sought-after Indian Spring neighborhood of Silver Spring. Showcasing beautiful design features including newer windows, hardware, and fixtures throughout and thoughtfully renovated kitchen and baths, you'll truly enjoy the luxe of both privacy and space. The bright spacious floor plan on the main level offers a wood-burning fireplace, open gourmet kitchen with access to the backyard patio, and a stunning half bath. Upstairs, find 3 larger model bedrooms, with custom closets and a beautiful hall full bath. The lower level boasts a lovely recreation room, impressive newer full bath, plus laundry, and storage areas. All within 35 minutes walking distance to downtown Silver Spring, Whole Foods, movies, shopping, restaurants, and an awesome weekly Farmer's Market, or a 40-minute walk to the Silver Spring Metro. Whether you like access to esteemed local schools, the scenic walking and biking paths of Sligo Creek Park (15-minute walk), proximity to shopping, entertainment, public transportation, or easy Beltway access, 113 Normandy presents an idyllic haven in the heart of Montgomery County, Maryland. Close to both downtown Silver Spring and Takoma Park, this residence offers the best of both worlds — a tranquil oasis within close reach of the city.
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| May 19, 2020 | Sold | ||
| Sold | |||
| May 2, 2017 | Sold | ||
| Sold | |||
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About Silver Spring
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017