$1,050,000
●
House -
Off Market
1420 FALLSMEAD WAY
POTOMAC, MD 20854
4 Beds
3 Baths,
1
Half Bath
2,754 Ft²
$6,752
Est. Monthly
$1,355
HOA / Fees
2.62%
Cap Rate
About This Property
Fabulous Fallsmead home has a wonderful flow, gets great natural
light, has copious closet space, including a walk-in closet in the
Primary BR, 2 attics, and walks directly out to a flat backyard.
Step inside to newly refinished white oak floors, new Quartz
countertops in the kitchen, new carpeting in the finished basement
and fresh paint throughout. OWNED Solar Panels (purchased in
2020 for $41,000, & convey with the house) on a newer 50-year roof
(replaced in 2017) allowed the current owner to make approximately
$2,500 from the SRECs over the course of the last 22 months. This
income stream, coupled with top of the line Anderson Renewal
windows and a 240V outlet in the garage to charge your electric
vehicle, have brought this home into the 21st Century.
Fallsmead is an extremely special neighborhood which centers
around community and features a pond, pool (with MCSL swim team),
playground, tennis/pickleball courts, 18 acre park with a creek, on
& off-road biking/walking trails. Walk to Fallsmead E.S.,
Frost J.H. & Wootton High School.
Unit Size
2,754 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$399
Property Type
House
Property Taxes
$782
HOA Dues
$1,355
Year Built
1971
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 3 years ago (Bright MLS #MDMC2111208)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 26, 2024 | Sold | ||
| Sold | |||
| Dec 14, 2023 | Price Decreased |
$1,099,000
↓ $51K
(4.4%) | |
| Price Decreased | |||
| Dec 14, 2023 | In contract | - | |
| In contract | |||
| Dec 3, 2023 | No longer available | - | |
| No longer available | |||
| Nov 28, 2023 | Listed by Compass | $1,150,000 | |
| Listed by Compass | |||
| | |||
|
This Fallsmead home has a wonderful flow, gets great natural light, has copious closet space, including a walk-in closet in the Primary BR, 2 attics, and walks directly out to a flat backyard. Step inside to newly refinished white oak floors, new Quartz countertops in the kitchen, new carpeting in the finished basement and fresh paint throughout. OWNED Solar Panels (purchased in 2020 for $41,000, & convey with the house) on a newer 50-year roof allowed the current owner to make approximately $2,500 from the SRECs over the course of the last 22 months. This income stream, coupled with top of the line Anderson Renewal windows and a 240V outlet in the garage to charge your electric vehicle, have brought this home into the 21st Century. Fallsmead is an extremely special neighborhood which centers around community and features a pond, pool (w/ MCSL swim team), playground, tennis/pickleball courts, 18 acre park with a creek, on & off-road biking/walking trails. Walk to Fallsmead E.S., Frost J.H. & Wootton High School. The manager has listed the unit size as 2754 square feet.
| |||
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Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Rockville
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Listed by: Todd Bissey
Compass
Last Updated: 9 hours ago
Data Source: Bright MLS , MLS# MDMC2111208
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2026 Bright MLS, Inc.
Compass
Last Updated: 9 hours ago
Data Source: Bright MLS , MLS# MDMC2111208
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