20323 BOWFONDS ST
About This Property
Approximately 9-foot ceilings on the main and lower levels creates an open and airy atmosphere throughout and the interior boasts numerous design improvements, including a two-story bump out on the rear of the home, "sand-in-place" hardwood floors on the main level, new lighting (2023), new carpets(2023) and fresh paint (2023).
The kitchen showcases beautiful granite countertops, over and under cabinet lighting, stainless steel appliances, a large center island and is open to the family room as well as an adjoining breakfast room with access to the rear deck and yard. The rear yard features a composite deck and a private, fully fenced yard with mature landscaping.
The home has been wired for an audio system, featuring speakers strategically placed in the garage, rear porch, breakfast room, family room, kitchen, living room, primary bedroom, primary bath, and upper porch. The family room is also wired for audio-visual entertainment, making it the perfect spot for movie nights or watching the big game! For added privacy and comfort, the house is fitted with plantation shutters and faux wood blinds.
On the upper level, the generous primary suite is complete with a tray ceiling, ample natural light, access to the upper porch, two walk-in closets, a gracious en-suite bathroom, and access to the upstairs family room. The upper level also offers two additional bedrooms with one of the bedrooms having been cleverly converted into a spacious two-room bedroom suite which can easily be transformed back into two separate bedrooms if needed, offering the flexibility to accommodate your lifestyle. The Lower level is extremely spacious and the rec room is wired for future theatre. The Lower Level also includes the laundry room, a bonus room, and a den with direct access to the hall bathroom.
Noteworthy upgrades include a frameless master shower enclosure, a new roof (2019), upper zone HVAC unit (2013), and water heater (2018).
Step outside to the rear yard that is fully fenced in featuring mature landscaping including a gorgeous crepe myrtle and Little Gem Magnolia trees. The in-ground Rainbird irrigation/sprinkler system by Green Visions ensures the lush landscape remains pristine with minimal effort.
Located in the serene neighborhood of Belmont Greene, this home is conveniently located close to top rated schools including the elementary school, middle school, and high school that surround the neighborhood. This home is close to the community pool, playgrounds, shopping center, the W&OD trail, local Ashburn and Leesburg shops and restaurants, as well as convenient commuter routes (Dulles Toll Road, Rte 7, 28, etc). This home is truly a must see!
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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.
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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 Belmont Greene
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017