16600 KIPLING ROAD
About This Property
The upper level offers a roomy Primary Bedroom with a sitting area/office, multiple closets and private Bath with walk-in shower. There are 3 additional generously sized Bedrooms that share a lovely, updated Hall bath. The lower level is finished with brand new carpeting, a large Rec room with an outdoor exit, Game area, Bonus room, plus ample storage space. Step outside and enjoy the large level backyard with lots of grass to play on, spacious brick patio and lovely gardens.
Other amenities include replacement windows throughout, freshly painted interior, newly refinished hardwood floors, a relaxing front Porch, an oversized two-car garage with automatic opener and long driveway to fit many cars. The gorgeous .43-acre beautifully landscaped lot includes flowers that bloom during three seasons plus many mature trees and shrubs. Right around the corner from sought-after Candlewood Park Elementary school, you can also ride your bike (or walk) to Shady Grove Metro, Lake Needwood Park & Golf Course and much more! Plus, no HOA! Just minutes to Metro and major commuter routes (ICC & 370/270), this wonderful home is just waiting for its next loving owner!
VIDEO TOUR AND FLOOR PLAN PICTURE TOUR AVAILABLE!
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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 |
|---|---|---|---|
| Aug 17, 2023 | Sold | ||
| Sold | |||
| Jul 20, 2023 | In contract | - | |
| In contract | |||
| Jul 14, 2023 | Listed by RE/MAX Realty Centre, Inc. | $650,000 | |
| Listed by RE/MAX Realty Centre, Inc. | |||
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About Redland
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017