1437 FAIRBANKS DRIVE
About This Property
Step inside to find stunning pine wood accent ceilings and walls in the living room, dining room, kitchen, and primary bedroom, complemented by elegant tile and wood flooring throughout. The refreshed kitchen, featuring a garden window added in 2022, is perfect for culinary enthusiasts and flood sunlight through the main level, The primary and hall bathrooms have been completely renovated.
The exterior is equally impressive with a new architectural shingle roof installed in 2017, and vinyl siding replaced in 2019. Enjoy the outdoors on the tiered patios that lead to a fenced backyard, backing to trees and a stream, providing you with a private oasis. The heated oxygen pool, installed in 2018, and the pool deck, added in 2019, offer a perfect spot for summer fun and relaxation.
Additional highlights include a whole house surge protector, a hot tub powered w/ a 220v outlet, and a rough-in for a future half bath on the lower level. The front of the house features a newly poured stoop and walkway, and storm door ensuring a warm welcome for your guests.
Conveniently located in Hanover, this home offers easy access to Baltimore, DC, and Annapolis, making it ideal for commuters since the MARC train is a short drive away. Don't miss the opportunity to make this lovingly maintained home your own.
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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 |
|---|---|---|---|
| Jul 26, 2024 | Sold | ||
| Sold | |||
| Jul 16, 2024 | In contract | - | |
| In contract | |||
| Jul 10, 2024 | Price Increased |
$474,900
↑ $1
(0%) | |
| Price Increased | |||
| Jul 3, 2024 | Price Decreased |
$474,899
↓ $1
(0%) | |
| Price Decreased | |||
| Apr 20, 2024 | Listed by Keller Williams Realty Centre | $474,900 | |
| Listed by Keller Williams Realty Centre | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017