12509 TWO FARM DR
About This Property
expansive addition with a 1st floor Primary Bedroom. Set in a quiet, secluded, and picturesque location on an exceptionally large 1.17-acre lot surrounded by nature, the home is only steps away from the
scenic Northwest Branch Park with miles of hiking, biking, and equestrian trails. This property is being sold AS-IS and has so much potential! The original 2-story home has great bones and is waiting for your custom improvements and personalized styling. The many wonderful features include sand-in-
place hardwood floors throughout, two masonry fireplaces, cozy hot water radiator heat, custom
cubbyholes and cabinets, an inviting Living Room, a formal Dining Room, and a remodeled Kitchen
(2005) with oak cabinetry and Corian countertops. Two spacious Bedrooms including a second Primary Bedroom and Full Bath round out the Upper Level, along with stairs to a floored attic and generous storage space. The 2004-built addition offers a private side-entrance door with a ramp and
independent HVAC System. The main level Foyer leads to a spacious Family Room finished in
hardwood flooring and adjoined by a Primary Bedroom with En Suite Bath. The oversized Primary
Bathroom includes a pocket entry-door and roll-in shower. A Laundry Room is also included on the
main level. Above the addition is a very large unfinished Bonus Room accessible from the Upper
Hallway, which could be converted into a 4th Bedroom, Game Room, Exercise Room, or Art Studio.
The Lower Level is partially finished and features a Recreation Room, Utility Room, and a huge Storage Room under the addition with walk-up stairs to the backyard. Additional updates include a
stone front walkway and energy-efficient heat pump in the addition (2021). There is ample parking for
8+ cars on the extended driveway. The large backyard offers plenty of room to entertain and
to sit and enjoy the colorful change of seasons. This home offers a perfect opportunity to occupy or to
flip. Just bring your TLC and your imagination! It is being offered at the appraised value of $599,900 which reflects the need for updating and refreshing. Be sure to check out the Aerial and Virtual 3D Tour! Very convenient to major Shops, Restaurants, ICC, Glenmont Metro, Public Bus Service, FDA, Route 29 and I-495. Please note the tax records do not include the 2058 sq. ft. permitted addition.
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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 |
|---|---|---|---|
| Mar 17, 2023 | Sold | ||
| Sold | |||
| Feb 15, 2023 | Listed by Cummings & Co. Realtors | $599,900 | |
| Listed by Cummings & Co. Realtors | |||
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About Colesville
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017