18126 BILNEY DRIVE
About This Property
**$12,500 credit to replace the 22-year-old roof that is still operating perfectly, but may need replacement in the next 5 years**
As you step through the front door, you're greeted by the warm embrace of hardwood floors leading you into the kitchen and family room where you find soaring vaulted ceilings with skylights flooding the family room with an abundance of natural light. The renovated kitchen, adorned with exotic stone counters, warm maple cabinetry, stainless steel appliances and a double oven is a culinary haven that will ignite your passion for cooking and for chilling with the fam! The fully finished basement with fresh new carpet adds a large rec room, laundry, utility room, den, and half bath.
Escape the hustle and bustle of everyday life in the private backyard, which backs to breathtaking heavily wooded parkland with a peaceful stream just down the hill. Relax on the patio and soak in the tranquil ambiance, explore the nearby hiking and biking trails or walk to the library and tot lots just blocks away. Vibrant downtown Olney offers shopping, dining, farmer's markets, live music, and the historic Olney Theater.
The spacious living room and dining room provide space for entertaining, while the oversized owner's suite, complete with a walk-in closet and tastefully renovated bath with a large walk-in shower, separate soaking tub, and heated floors offers a serene retreat. Three additional ample-sized bedrooms and another full bathroom ensure comfort and privacy for the entire family.
With its fully fenced yard, additional parking pad for up to 5 vehicles, and magnificent curb appeal enhanced by a full-sized front porch overlooking gardens which bloom from spring through fall, this home truly has it all. The seller even added R30 insulation and heat-reflecting sheathing in the attic which lowered their bills by roughly $50/month! Don't miss your chance to own this exceptional property – schedule your viewing today and experience the epitome of luxury living in the sought-after Olney Oaks neighborhood!
Raise your family in an ideal setting where they can learn to appreciate and respect nature right in their backyard instead of playing on asphalt streets and on their phones!
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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 |
|---|---|---|---|
| Dec 31, 2024 | Sold | ||
| Sold | |||
| Dec 6, 2024 | In contract | - | |
| In contract | |||
| Dec 3, 2024 | Price Decreased |
$777,900
↓ $1K
(0.1%) | |
| Price Decreased | |||
| Oct 31, 2024 | Price Decreased |
$778,900
↓ $1K
(0.1%) | |
| Price Decreased | |||
| Oct 23, 2024 | Price Increased |
$779,900
↑ $13K
(1.8%) | |
| Price Increased | |||
Property Highlights
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About Olney
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017