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16301 ABBEY DRIVE
About This Property
The main level features a generous and functional floor plan with 4 bedrooms and 2 full bathrooms, providing plenty of space for everyday living. The solid brick construction and expansive footprint create a great starting point for a renovation, allowing the next owner to update the home to match their personal style and needs. Reimagine the existing spaces, open up the floor plan, modernize the kitchen and bathrooms, and transform this property into the home you've been looking for.
One of the biggest opportunities is the basement, offering a substantial amount of additional space ready to be transformed. Finish it to create an expansive recreation or family room, home theater, gym, home office, playroom, guest space, or additional finished living areas. The possibilities are extensive and provide an opportunity to significantly enhance the functionality and overall appeal of the home.
For investors and renovation-minded buyers, this property presents the chance to take an already substantial brick rancher and unlock its full potential. For an owner-occupant, it offers the ability to renovate at your own pace while creating a home tailored specifically to your lifestyle.
With approximately 3,400 square feet, 4 bedrooms, 2 full bathrooms, solid brick construction, and a basement filled with possibilities, 16301 Abbey Drive is ready for its next chapter. Bring your contractor, your ideas, and your imagination. Properties offering this combination of size, potential, and opportunity don't come along every day. Come see the possibilities and make this Bowie property your own!
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Cap Rate Calculator
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 |
|---|---|---|---|
| Oct 20, 2026 | Sold | ||
| Sold | |||
| Sep 4, 2026 | In contract | - | |
| In contract | |||
| Aug 31, 2026 | Price Decreased |
$424,900
↓ $25K
(5.6%) | |
| Price Decreased | |||
| Aug 25, 2026 | Price Decreased |
$449,900
↓ $25K
(5.3%) | |
| Price Decreased | |||
| Aug 18, 2026 | Listed by Berkshire Hathaway HomeServices Homesale Realty | $474,900 | |
| Listed by Berkshire Hathaway HomeServices Homesale Realty | |||
Property Highlights
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017