1601 NOYES DRIVE
About This Property
The outdoor experience is a true highlight. A wraparound porch creates a welcoming first impression and the perfect place to unwind, whether it is morning coffee or an evening glass of wine. The yard offers a rare combination of open green space and a dedicated fenced area - ideal for pets, play, and everyday outdoor living. A playset is already in place, and mature trees and established landscaping provide both beauty and a sense of privacy. Around back, a spacious deck extends the living space outdoors, making it easy to entertain, grill, or simply enjoy the setting.
Inside, the home continues to impress with a layout designed for both everyday living and hosting. Hardwood floors and a fireplace anchor the main living area, while open sightlines between the living and dining rooms create an easy, natural flow. The dining room connects directly to the rear deck, enhancing indoor-outdoor living. Near the kitchen, a well-placed powder room and laundry area add convenience without interrupting the flow of the space.
Upstairs, four generously sized bedrooms and two full baths provide comfort, flexibility, and room to grow. The primary bath was refreshed in early 2020 with a new shower and tub, bringing a clean, modern feel to the space. Natural light pours in from multiple exposures, giving the entire upper level an open, airy feel.
The finished lower level adds valuable versatility with a full bath and a beautifully finished multi-use space, ideal for guests, recreation, a home gym, or media room. Additional storage and direct access to the attached garage make the space as functional as it is flexible.
In Fall 2022, the home's exterior was significantly upgraded with the replacement of aluminum siding with durable Hardie Plank, enhancing both curb appeal and long-term performance.
Corner-lot presence, elevated setting, and exceptional outdoor living, all paired with a truly walkable Silver Spring location. This is a turnkey opportunity that delivers on space, lifestyle, and convenience!
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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%.
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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.
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About Silver Spring
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017