11403 FAIROAK DRIVE
About This Property
Welcome to 11403 Fairoak Drive, an expanded and thoughtfully updated home offering generous space in the sought after Kemp Mill Estates community. The sun filled living room features a pitched ceiling, wood flooring, a fireplace, and striking windows that bring in abundant natural light. The centerpiece of the home is the beautifully renovated kitchen (2022) and the adjoining great room addition. The chef's kitchen is appointed with marble counters, stainless steel appliances, handsome cabinetry with soft close drawers, an oversized island, pendant lighting, a mini subway tile backsplash, and a distinctive display accent wall with rich wood. The kitchen opens seamlessly to the adjoining great room, creating an ideal setting for gatherings and everyday living. The welcoming great room features a gabled ceiling with skylights and access to both the side and rear decks.
The bedroom wing includes three bedrooms with custom blinds and two full bathrooms, including the primary bedroom suite. The primary bedroom offers a deep closet, wood flooring, and a private bathroom with a shower.
The lower level provides a versatile playroom or office with vinyl flooring and recessed lighting. This level also includes a large unfinished area with ample storage and a laundry area.
Outside, the picturesque yard is thoughtfully landscaped with stone pathways and two decks. The side deck is equipped with a chairlift, while the expansive rear deck includes built-in seating. The property also features a driveway and sidewalks.
Ideally located, this home is close to Kemp Mill Shopping Center, Wheaton Regional Park, Northwest Branch Park, Wheaton Ice Arena, horseback riding trails, scenic biking and walking paths, and the Wheaton Library. With convenient access to Georgia Avenue, Columbia Pike, and public transportation, this appealing property offers both comfort and convenience in a prime location.
Year Built: 1960
Lot Square Footage: 12,561
Estimated Tax and Non-Tax Charges in First Fiscal Year of Ownership: $7,130.42
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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.
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About Kemp Mill
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017