12401 RIVERS EDGE DR
About This Property
Welcome to this picturesque Potomac center hall colonial within the coveted Rivers Edge community. This elegant bright and open residence offers 6 bedrooms, 4.5 baths, a two-car garage, and a spacious driveway. Situated on a vast corner 2-acre lot, the property features an expansive lawn for playing and entertaining. The gracious front entry hall leads you to a home office space with built-in shelving, and an inviting formal living room with fireplace. Enter the large dining room ideal for formal get-togethers and special occasions. The kitchen boasts a separate pantry, wood cabinetry, stainless steel appliances, and granite countertops. A large, light-filled breakfast area with a bay window and built-in desk, completes the space. Steps from the kitchen is a family room with a floor to ceiling stone fireplace and access to the expansive deck for outdoor relaxation overlooking the lush backyard. On the second floor there is a primary suite with walk-in closet, fireplace, and an updated ensuite bathroom that includes a soaking tub, separate shower, and double vanity. Four generously sized additional bedrooms, each with ample closet space, two full baths, and a convenient laundry room grace this floor.
The fully finished, walkout lower level is a highlight of this home, featuring a sizable recreation area complete with wet bar, brick fireplace, a large bedroom, full bath, and additional storage. This level opens to the backyard for outdoor living.
Recent upgrades include new windows, carpets, flooring, and freshly painted throughout.
Rivers Edge is a desirable neighborhood in the Wooton high school district that features walking trails that lead to the C&O canal tow path. Ideally located with easy access to the 270 corridor, Potomac Village and downtown Crown. Experience the perfect blend of space, privacy and nature. Welcome home.
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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 |
|---|---|---|---|
| Aug 30, 2024 | Sold | ||
| Sold | |||
| Jul 8, 2024 | In contract | - | |
| In contract | |||
| Jul 3, 2024 | Relisted | $1,495,000 | |
| Relisted | |||
| Jul 2, 2024 | In contract | - | |
| In contract | |||
| Jun 21, 2024 | Listed by The Agency DC | $1,495,000 | |
| Listed by The Agency DC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017