11370 HEATHERTOE LN
About This Property
Nestled amidst the lush greenery of Columbia, Maryland, this house stands as an elegant and spacious single-family home. As you approach the property, a winding driveway leads you through towering trees, hinting at the privacy and serenity that await.
This spacious contemporary home was designed by Craig Stewart and offers a serene retreat on a generous 1-acre lot in the heart of Columbia. With over 7,700 square feet of living space, it provides ample room for comfortable living and entertaining. But that is not all, it is located within walking distance to the Hobbit's Glen Golf Course, community swimming pool, and the coveted Turnhouse Restaurant.
🌿 Features:
Expansive Living Areas: The floor plan boasts large living and dining spaces, perfect for gatherings and relaxation.
Spacious Kitchen: The well-appointed kitchen features European style cabinets, , abundant storage, a center island and an eating area.
Cozy Fireplaces: Enjoy warmth and ambiance from two fireplaces-one in the living room and another in the primary bedroom.
Finished Basement: The finished basement provides additional living space, ideal for a home office, gym, or recreation room. It also has a rough-in for a sauna.
The seller was an avid racquetball player, and you will see a court in the back of the house that can be used for racquetball, pickleball, handball, or any other sport you can envision.
Outdoor Oasis: Step outside to the lush backyard with mature trees, and plenty of space to build a patio, and install an incredible deck.
🌟 Neighborhood:
Located in the desirable Hobbit's Glen area of Columbia, this home offers a peaceful setting while being close to amenities, schools, and parks.
Nearby shopping centers, restaurants, and recreational facilities make daily life convenient and enjoyable.
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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 |
|---|---|---|---|
| Aug 26, 2024 | Sold | ||
| Sold | |||
| Jul 29, 2024 | In contract | - | |
| In contract | |||
| Jun 28, 2024 | Price Decreased |
$875,000
↓ $20K
(2.2%) | |
| Price Decreased | |||
| Jun 24, 2024 | Relisted | $895,000 | |
| Relisted | |||
| Jun 20, 2024 | In contract | - | |
| In contract | |||
Property Highlights
Building Info
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Price/ft²
Listed On
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About Columbia
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017