1305 PENNINGTON LANE
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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.
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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 30, 2025 | Sold | ||
| Sold | |||
| Dec 15, 2025 | In contract | - | |
| In contract | |||
| Dec 3, 2025 | Listed by Redfin Corp | $469,000 | |
| Listed by Redfin Corp | |||
| | |||
|
Pick your buyer concession: Interest rate buydown or closing assistance!!!
Welcome to 1305 Pennington Lane, a four-bedroom, three-bath split-level home in the heart of Bowie that blends modern updates with everyday convenience. The main level features wood floors throughout most rooms, a light-filled living and dining area, and a stylish kitchen that opens to the flow of daily life. The primary suite with its own bath, two additional bedrooms, and a second full bath complete this level.
The lower level expands the living space with a comfortable family room centered around a fireplace, a fourth bedroom, a third full bath, and a laundry area. A walkout leads to the large fenced backyard with a patio—ideal for outdoor entertaining and play. Most rooms are enhanced with ceiling fans, while the one-car garage and oversized driveway provide parking for multiple vehicles.
A newly installed roof (2025) adds peace of mind. Set in a quiet residential neighborhood, the property is also conveniently close to major routes including Route 50, I-495, and the MARC train, offering easy commutes to Washington, D.C., Baltimore, and Annapolis. Major employers such as NASA Goddard, Bowie State University, and Joint Base Andrews are within reach, while shopping, dining, and entertainment options abound at Bowie Town Center, Woodmore Towne Centre, and along Route 197.
Recreation is close at hand with Allen Pond Park, the Bowie Ice Arena, and the Bowie Playhouse, along with cultural favorites like the Belair Mansion and Bowie Railroad Museum. This home delivers the perfect balance of comfort, convenience, and community.
Mortgage savings may be available for buyers of this listing.
| |||
| Oct 30, 2025 | Listed | $485,000 | |
| Listed | |||
| | |||
|
Pick your buyer concession: Interest rate buydown or closing assistance!!!
Welcome to 1305 Pennington Lane, a four-bedroom, three-bath split-level home in the heart of Bowie that blends modern updates with everyday convenience. The main level features wood floors throughout most rooms, a light-filled living and dining area, and a stylish kitchen that opens to the flow of daily life. The primary suite with its own bath, two additional bedrooms, and a second full bath complete this level.
The lower level expands the living space with a comfortable family room centered around a fireplace, a fourth bedroom, a third full bath, and a laundry area. A walkout leads to the large fenced backyard with a patio—ideal for outdoor entertaining and play. Most rooms are enhanced with ceiling fans, while the one-car garage and oversized driveway provide parking for multiple vehicles.
A newly installed roof (2025) adds peace of mind. Set in a quiet residential neighborhood, the property is also conveniently close to major routes including Route 50, I-495, and the MARC train, offering easy commutes to Washington, D.C., Baltimore, and Annapolis. Major employers such as NASA Goddard, Bowie State University, and Joint Base Andrews are within reach, while shopping, dining, and entertainment options abound at Bowie Town Center, Woodmore Towne Centre, and along Route 197.
Recreation is close at hand with Allen Pond Park, the Bowie Ice Arena, and the Bowie Playhouse, along with cultural favorites like the Belair Mansion and Bowie Railroad Museum. This home delivers the perfect balance of comfort, convenience, and community.
| |||
| Apr 25, 2012 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017