13616 MAIDSTONE LN
About This Property
***OPPORTUNITY KNOCKS*** RENOVATE in highly sought-after River's Edge, this property offers the perfect blend of privacy, convenience, and opportunity for customization. Ideally positioned between River Road, with quick access to Washington, D.C., Bethesda, and Virginia, and major routes like Travillah, Rockville, Gaithersburg, Esworthy, Seneca, Route 28, and Route 118 to Germantown, this home is perfect for both work and leisure. Just a short drive from Pennyfield Lock and only 5 miles from the scenic Potomac River / Great Falls, you'll enjoy the convenience of nearby shopping, easy commutes, and abundant recreational activities.
Appreciate the proximity to a variety of prestigious public & private schools. Set towards the back of a quiet, well-established neighborhood, the home provides a peaceful retreat with a strong sense of community. The area is known for its safety, with no reported thefts in the immediate vicinity, and daily sightings of deer and foxes add to the tranquil, natural environment. This home is a true renovation opportunity, allowing you to update its original features to meet modern tastes and preferences. Key highlights include an unfinished walk-out basement with a sliding glass door and daylight window, offering potential for additional living or entertainment space. The expansive 2-acre lot provides plenty of room for outdoor activities, gardens, or future expansions. The kitchen overlooks a serene, verdant backyard, creating an ideal setting for cooking and relaxation. Three fireplaces throughout the home provide warmth and charm, while the generously sized rooms offer flexibility for various layouts and uses. An inviting entryway, elegant millwork, and classic wood cabinetry add timeless character to the home.
In addition, the property features a convenient back staircase for easy access between floors and a main-level laundry room to simplify daily living. This home offers the perfect foundation for creating your dream space. With its prime location, expansive lot, and charming features, the possibilities are endless for transforming this house into a modern masterpiece tailored to your lifestyle in a peaceful, desirable neighborhood.
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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 |
|---|---|---|---|
| Oct 10, 2024 | Sold | ||
| Sold | |||
| Sep 20, 2024 | In contract | - | |
| In contract | |||
| Sep 11, 2024 | Listed by Long & Foster Real Estate, Inc. | $1,200,000 | |
| Listed by Long & Foster Real Estate, Inc. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017