1213 BALLARD ST
About This Property
A few include; arched entryways, walls of custom built-in countertops, cabinets and shelving, pristine hardwood floors, 2 primary suites on the main level, a special gardening shed and a blooming arbor in the backyard. Open, light-filled, spacious floor plan with generous living spaces and an all-season garden. The garden views and privacy from the living room, sun room, breakfast room and kitchen will delight you. The updated kitchen offers yet another spot to enjoy serene views from the front of the house, while enjoying a cup of tea at the breakfast bar. The kitchen is light filled and provides a second exit to the patio, creating flow through the home. The interior has been lovingly maintained and improved to include an amazing space in the attic, where organized storage is as abundant as it is throughout the rest of the home. The lower level features the perfect work-from-home space, additional living room, exercise room, laundry room, a 3rd bedroom along with a 2nd full bathroom as the perfect space for an au pair or visiting family. The lower level also a walk-out exit to the rear yard. Within blocks of Downtown Silver Spring and Less than 1 mile to the Silver Spring Metro Station, you'll love the easy access to shopping, dining, and everything Silver Spring has to offer! By appointment only, NO OPEN HOUSES - NO SIGN
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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 |
|---|---|---|---|
| Dec 13, 2023 | Sold | ||
| Sold | |||
| Nov 7, 2023 | In contract | - | |
| In contract | |||
| Nov 3, 2023 | Listed by TTR Sotheby's International Realty | $850,000 | |
| Listed by TTR Sotheby's International Realty | |||
| Oct 9, 2021 | No longer available | - | |
| No longer available | |||
| Oct 3, 2021 | In contract | - | |
| In contract | |||
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About Silver Spring
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017