16 LEATHERLEAF CT
About This Property
The main level welcomes you with its elegant hardwood floors and a well-appointed kitchen featuring tile flooring. Host memorable gatherings in the spacious formal dining room, comfortably accommodating at least 8 guests, while the adjacent living room and family room offer additional spaces for relaxation and entertainment. A dedicated home office provides the perfect setting for remote work or study, ensuring productivity and focus in a tranquil environment.
Step outside to the expansive deck, spanning nearly the entire length of the home, and soak in the serene surroundings. With solar panels fully owned and paid off, enjoy minimal electricity bills and monthly credits, while the top-of-the-line Pella windows (approx. 10 years) and dual-zone HVAC units (6 years, 8 years) ensure both energy efficiency and comfort. Roof is 8 years. The basement presents endless possibilities for customization, allowing the new owner to unleash their creativity and expand the living space to their liking. Don't miss the opportunity to make this exceptional residence your own and experience the epitome of modern living in Washingtonian Woods.
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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 |
|---|---|---|---|
| May 29, 2024 | Sold | ||
| Sold | |||
| May 9, 2024 | In contract | - | |
| In contract | |||
| May 7, 2024 | Relisted | $950,000 | |
| Relisted | |||
| Apr 29, 2024 | In contract | - | |
| In contract | |||
| Apr 25, 2024 | Listed by Long & Foster Real Estate, Inc. | $950,000 | |
| Listed by Long & Foster Real Estate, Inc. | |||
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About Gaithersburg
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017