15012 REDGATE DRIVE
About This Property
There are four sizeable bedrooms with refinished wood flooring and two full bathrooms on the upper level, including the primary bedroom suite. The expansive primary suite includes a sitting room/dressing room with two wall closets and access to the private primary bathroom. The primary bedroom offers a wall of custom wardrobe cabinetry crafted from beautiful wood.
Downstairs is a huge recreation room with convenient built-ins, newly installed recessed lighting, and brand-new carpeting. There is a full bathroom on this level as well as a large storage room.
The exterior grounds feature established landscaping with flowering plantings and a lovely backyard with a stone patio. There is also a two-car carport with a rear storage shed. Enjoy the outdoor space on a 15,305 square foot lot. The popular neighborhood swim club is just a few steps away, and Stonegate Elementary School is within blocks of the home.
This home is ideally located near downtown Olney and offers easy access to the Inter-County Connector, providing extended connections to both the I-95 and I-270 corridors. It is minutes to shopping, entertainment, and restaurants. The Stonegate Citizens Association sponsors a variety of events throughout the year, including a Fourth of July parade and a Halloween party.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 24, 2026 | Sold | ||
| Sold | |||
| Mar 25, 2026 | In contract | - | |
| In contract | |||
| Mar 20, 2026 | Listed by Long & Foster Real Estate, Inc. | $699,000 | |
| Listed by Long & Foster Real Estate, Inc. | |||
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About Colesville
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017