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14820 WINDMILL TERRACE
About This Property
A covered front porch and custom stone mailbox welcome you to the heated-tile foyer-perfect for cozy winter mornings. The main level opens into a light-filled living room and formal dining area, leading to a stunning open-concept kitchen and family room addition that distinguishes this home from every other in the neighborhood. The kitchen features granite counters, a large island with seating for six, double wall ovens (2024), newer microwave, generous storage, and an oversized lighted pantry. Hardwood flooring and a brick fireplace with built-ins create a warm, connected flow for gatherings and everyday living.
Upstairs, the primary suite includes a walk-in closet and updated flooring, while three additional bedrooms share a well-appointed hall bath. The finished lower level expands the living space with a half bath, large recreation zone, ample storage, and a framed room ideal as a home gym, studio, or potential guest space (non-legal 5th bedroom). The area is fully drywalled and ready for your choice of flooring, offering instant equity potential and creative use flexibility. A walkout sliding door (new) leads directly to the rear yard.
Outdoor living is easy on the upgraded Trex deck overlooking the wooded backdrop and fenced yard-ideal for pets, play, and entertaining. Multiple sheds provide incredible utility, including a custom-built 10x20 powered shed with electric, tile flooring, cable-ready setup, and insulation-perfect as an office, workshop, or creative retreat. A second red shed (also on a cement pad) adds convenient storage, while stonework and drainage improvements ensure easy maintenance and year-round enjoyment.
Major improvements include: new roof (approx. 2 years), newer AC unit (less than 5 years, under maintenance contract), new fencing and gates, newer appliances, and recent tree trimming. Additional highlights include a two-car attached garage with parking for four more vehicles, and a low annual HOA fee of just $89.
Located minutes from ICC/MD-200 and commuter routes, this home offers an ideal balance of privacy and convenience. The community features a neighborhood park within half a mile and a welcoming atmosphere with annual gatherings and events.
Enjoy the blend of space, upgrades, and possibilities that make 14820 Windmill Terrace a truly special place to call home.
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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 |
|---|---|---|---|
| Jan 21, 2026 | Sold | ||
| Sold | |||
| Dec 13, 2025 | In contract | - | |
| In contract | |||
| Dec 6, 2025 | Price Decreased |
$700,000
↓ $25K
(3.5%) | |
| Price Decreased | |||
| Nov 7, 2025 | Price Decreased |
$725,000
↓ $20K
(2.7%) | |
| Price Decreased | |||
| Oct 24, 2025 | Listed by RE/MAX Realty Group | $745,000 | |
| Listed by RE/MAX Realty Group | |||
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About Colesville
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017