1200 BALLARD ST
About This Property
You are greeted by newly refinished hardwood floors that flow seamlessly from the spacious living and dining areas, complete with a brick fireplace, to the three comfortable bedrooms. The remodeled kitchen boasts brand-new stainless-steel appliances, quartz countertops, and a stylish tiled backsplash. It's conveniently located next to the carport, making grocery runs a breeze.
Retreat to the lower level, where you'll find a cozy family room with a second fireplace, brand-new luxury vinyl plank flooring, a full bathroom, and versatile spaces for recreation, hobbies, or storage. This additional living area offers flexibility for all your needs.
Enjoy peaceful views of Fairview Urban Park from your doorstep, or explore the nearby Woodside Urban Park, complete with a playground and skate park. You're just steps from the new Mom's Organic Market opening one block away, and a short distance from the suite of indoor exercise and recreation amenities at the recently opened Silver Spring Recreation and Aquatic Center.
You are located minutes from the Silver Spring Metro and bus transportation hub, making this location ideal for easy commuting. Whether you're a foodie, a culture enthusiast, or simply enjoying the excitement of life, Downtown Silver Spring has something for everyone. From trendy cafes and bustling boutiques to theaters, cinemas, and concert venues, immerse yourself in the energy of this dynamic neighborhood.
This home offers the perfect blend of comfort and convenience. Don't miss the opportunity to make this lovely rambler your own!
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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 |
|---|---|---|---|
| Oct 18, 2024 | Sold | ||
| Sold | |||
| Sep 18, 2024 | In contract | - | |
| In contract | |||
| Sep 12, 2024 | Listed by Long & Foster Real Estate, Inc. | $798,000 | |
| Listed by Long & Foster Real Estate, Inc. | |||
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About Silver Spring
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017