118 LYNNMOOR DR
About This Property
Upon entering, you'll find freshly refinished hardwood floors and freshly painted interior walls. The living room provides cozy ambiance with a wood burning fireplace and stone hearth. The kitchen was updated in 2023 and features a new refrigerator, range ventilation, and recessed lighting. A walk-through pantry at the top of the stairs to the basement offers convenient storage, enhancing the home's efficiency. The full bath on the main level has been completely renovated with custom-laid marble floor tiles and marble-topped vanity, new lighting and window treatments and a soaker tub. Three ample bedrooms with large closets complete this level.
The walkout basement offers a wealth of possibilities, featuring a built-in settee, a bar, and the framework for a gas or electric fireplace. The versatile main room, complete with its own bath and entrance, has endless potential for customization. Furnished with a daybed, it provides the perfect private space for guests, remaining set apart during large gatherings.
The basement also has a big laundry room with indoor space for delicate items, as well as built-in hidden storage options beneath the settee, behind a secret door under the stairs, and within the laundry room itself. A good-sized workshop, separated from the living areas, provides a dedicated space for DIY projects and hobbies.
Lynnmoor Drive has an especially friendly and socially active micro-community within Woodmoor itself hosting annual street parties in the fall, egg hunts for the children in the Spring, and impromptu gatherings throughout the year. Not to be missed is the proximity to the Northwest Branch hiking trails which offer 21 miles of trails along the Rachel Carson Greenway.
Here's What's Nearby
0.5 mi to Northwest Branch Trail
0.7 mi to Pinecrest Park
0.7 mi to Trader Joe's
0.8 mi to Woodmoor Shopping Center
0.9 mi to Safeway
2.6 mi to Forest Glen Metro
2.8 mi to Downtown Silver Spring
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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 |
|---|---|---|---|
| May 17, 2024 | Sold | ||
| Sold | |||
| Apr 23, 2024 | In contract | - | |
| In contract | |||
| Apr 15, 2024 | Price Decreased |
$655,000
↓ $20K
(3%) | |
| Price Decreased | |||
| Mar 6, 2024 | Listed by GO BRENT, INC. | $675,000 | |
| Listed by GO BRENT, INC. | |||
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About Silver Spring
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017