11505 MONTICELLO AVENUE
About This Property
A charming covered front porch welcomes you upon arrival. Inside, the foyer with new flooring opens to a light-filled living room featuring gabled ceilings and recessed lighting, flowing seamlessly into the dining area accented by a modern spoke chandelier and sliding glass doors leading to the patio. At the center of the home is the renovated eat-in kitchen, complemented by a breakfast room with vaulted ceilings, skylights, a large bay window and a wall pantry with pull-out drawers. The kitchen is appointed with stainless steel appliances, rich granite countertops, a new backsplash, a new glass cooktop, and a tray ceiling with uplighting.
The upper level includes four bedrooms with wood flooring, including the primary suite with a ceiling fan, closets flanked by built-in drawers, and an updated private bathroom with an oversized vanity. A hall bath serves the remaining bedrooms.
The first lower level features a large family room, a fifth bedroom, a powder room, and a combined mudroom and laundry room with an exterior side entrance. The basement level is unfinished and provides extensive storage space along with two walls of built-in shelving.
Outside, the property includes established landscaping, a private driveway, a covered front porch, and a spacious backyard with wrought-iron fencing, a shed, and a patio-ideal for outdoor entertaining.
Conveniently located near Kemp Mill Shopping Center, Wheaton Regional Park, Northwest Branch trails, Wheaton Ice Arena, horseback riding paths, and the Wheaton Library, with easy access to Georgia Avenue, Columbia Pike, and public transportation. A compelling combination of space, updates, and location.
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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%.
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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 |
|---|---|---|---|
| Apr 16, 2026 | Sold | ||
| Sold | |||
| Mar 4, 2026 | In contract | - | |
| In contract | |||
| Feb 26, 2026 | Listed by Perennial Real Estate | $725,000 | |
| Listed by Perennial Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017