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13 CEDAR AVENUE
About This Property
The inviting front porch sets the tone for this warm and welcoming home. Inside, you'll find soaring 10-foot ceilings, hardwood flooring, abundant natural light, and classic architectural charm throughout. The main level features a spacious living room, formal dining room, private home office, and a convenient powder room.
The recently renovated kitchen serves as the heart of the home, featuring granite countertops, stainless steel appliances, recessed lighting, ample cabinetry, generous table space, and a newly added exhaust vent for enhanced functionality. The kitchen opens seamlessly to the screened porch and flagstone patio, creating the perfect indoor-outdoor living experience.
Enjoy entertaining, gardening, or simply relaxing while overlooking the expansive, fully fenced backyard. The outdoor space has been thoughtfully enhanced with a newly installed fence, additional gravel parking area, and a second storage shed, providing exceptional flexibility, convenience, and storage.
Upstairs, you'll find four bedrooms and a full hall bath. The home also offers a full basement, providing additional storage and flexibility. One of the standout features is the large walkable attic space, which offers tremendous storage capacity and potential to be converted into additional usable square footage, subject to any required permits and approvals.
Recent improvements include a remodeled kitchen, updated HVAC system, architectural shingle roof, exterior paint, smart thermostats, plantation shutters, ceiling fans, and added attic and basement insulation for improved energy efficiency.
Observation Heights is one of Gaithersburg's most charming and walkable neighborhoods, offering easy access to local restaurants, coffee shops, boutiques, parks, playgrounds, and community events. Nearby attractions include Bohrer Park, the Gaithersburg Aquatic Center, walking and biking trails, mini golf, and the skate park. Commuters will appreciate convenient access to the MARC Train, Metro connections, major bus routes, MD-355, and I-270.
This rare move-in-ready home combines historic charm, modern updates, energy-efficient improvements, a full basement, expansive attic storage and future potential, abundant parking, and an exceptional location in the heart of Observation Heights.
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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 |
|---|---|---|---|
| Oct 1, 2026 | Price Decreased |
$464,999
↓ $10K
(2.1%) | |
| Price Decreased | |||
| Sep 11, 2026 | Price Decreased |
$474,999
↓ $5K
(1%) | |
| Price Decreased | |||
| Aug 12, 2026 | Price Decreased |
$479,999
↓ $20K
(4%) | |
| Price Decreased | |||
| Jul 16, 2026 | Price Decreased |
$499,999
↓ $20K
(3.9%) | |
| Price Decreased | |||
| Jul 7, 2026 | Price Decreased |
$520,000
↓ $10K
(1.9%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017