2206 BRIGGS CHANEY RD
About This Property
Storage will never be a concern, with ample space in the basement and a generous 1440 sqft detached garage capable of accommodating up to six cars, in addition to a driveway that can handle multiple vehicles. The RE1 zoning also permits the parking of three commercial vehicles on-site, offering a seamless integration of practicality with the residential setting.
Inside, the main level features wood floors throughout the common areas, leading to a spacious primary bedroom complete with a walk-in closet and additional closet space. The kitchen has beautiful wooden cabinets, ample counter space, and a pantry for all your culinary needs. Each upper-level room includes walk-in closets and is fitted with ceiling fans. Take note of all the built-ins across the main and upper levels during your visit, which adds to the home's overall charm.
This property also offers easy access to amenities, commuter routes, and leisure activities. With proximity to parks like Good Hope Park and Recreation Center and major commuter routes, including ICC-200, Route 29, and New Hampshire Avenue, the location ensures convenience without sacrificing serenity. Baltimore, Columbia, or DC are just a reasonable drive away, making this home an unparalleled blend of secluded living and accessibility to urban centers.
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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 |
|---|---|---|---|
| May 24, 2024 | Sold | ||
| Sold | |||
| May 1, 2024 | In contract | - | |
| In contract | |||
| Apr 28, 2024 | Listed by Keller Williams Capital Properties | $550,000 | |
| Listed by Keller Williams Capital Properties | |||
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About Cloverly
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017