1415 BALLARD STREET
About This Property
A gracious covered front porch invites you to unwind and enjoy the vibrant neighborhood setting. Inside, 9 foot ceilings and oversized windows flood the home with natural light. The parlor seamlessly connects to the formal dining room and updated kitchen, creating ideal flow for everyday living and entertaining. The kitchen, renovated in 2023, features quartz countertops, a cooktop, wall mounted oven and large microwave, and cotto tile flooring that opens beautifully to the main living spaces. The spacious dining room easily accommodates seating for 12 and offers lovely southern facing views of the front yard and porch.
The 2012 expansion adds exceptional functionality, including a beautifully updated powder room completed in 2022, a mudroom area with custom cabinetry, and a spacious family room with hardwood floors, recessed lighting, and access to both the side yard (with a grill deck) and screened porch.
Upstairs offers four generously sized bedrooms, all with 9 foot ceilings and hardwood flooring, a full hall bath, and a convenient laundry room. The true primary suite includes two walk-in closets, a private balcony overlooking the backyard, and a spacious ensuite bath with dual vanities, a shower, and a semi-private commode.
The lower level, updated in 2022 and accessible from both the main level and a private side entrance, offers limitless options. Currently used as an office, it can easily function as a fifth bedroom with egress window, recreation space, or guest/au pair suite, complete with a newly updated full bath.
The expansive, flat backyard features a dedicated playground area, garden space, and ample room for future possibilities. Storage is abundant with a walk up attic, insulated storage area beneath the family room, and an exterior shed.
With a Walk Score above 90, this home is considered a Walker's Paradise, just one block to a playground and Mom's Organic Market and Starbucks, and four blocks to restaurants, a retail hub (Whole Foods, H&M, etc) and the Silver Spring Metro.
A rare opportunity to own a historic yet fully updated home in one of Silver Spring's most walkable and vibrant locations
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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.
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.
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About Silver Spring
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017