$850,000
●
House -
Off Market
224 NORTHWEST TER
SILVER SPRING, MD 20901
5 Beds
4 Baths,
1
Half Bath
2,177 Ft²
$3,929
Est. Monthly
About This Property
Welcome to 224 Northwest Terrace!
A stunning five-bedroom3 1/2 bath home cape cod that feels more like a mid century modern with sunlit views, with fenced back yard backing up North West Branch park. The family room overlooks the expansive backyard and is open to the newly renovated kitchen (2021) which features new stainless steel appliances, built in microwave and an open kitchen that will make entertaining a breeze! Away from the living area, there is a large main level primary suite with an updated full bath and walk in closet. The second floor features two additional bedrooms, and full bathroom. Finished basement offers two additional bedrooms that could be used as a gym/or office space. Also includes laundry room, a full bath, and storage room. The serene private backyard a wonderful space for relaxing as the deck provides plenty of room for sitting and al fresco dining with friends. Commute with ease on the new Rapid Bus (BRT) just 4 stops to Silver Spring Metro/ Future Purple Line Station. Hike the Rachel Carson Trail located just through the fence in the back yard.
*Dual HVAC & Mini Splits
*New Shingle Roof 2021
*Updated Kitchen 2021 including 4' island
*Updated HVAC on 2nd Floor 2021
A stunning five-bedroom3 1/2 bath home cape cod that feels more like a mid century modern with sunlit views, with fenced back yard backing up North West Branch park. The family room overlooks the expansive backyard and is open to the newly renovated kitchen (2021) which features new stainless steel appliances, built in microwave and an open kitchen that will make entertaining a breeze! Away from the living area, there is a large main level primary suite with an updated full bath and walk in closet. The second floor features two additional bedrooms, and full bathroom. Finished basement offers two additional bedrooms that could be used as a gym/or office space. Also includes laundry room, a full bath, and storage room. The serene private backyard a wonderful space for relaxing as the deck provides plenty of room for sitting and al fresco dining with friends. Commute with ease on the new Rapid Bus (BRT) just 4 stops to Silver Spring Metro/ Future Purple Line Station. Hike the Rachel Carson Trail located just through the fence in the back yard.
*Dual HVAC & Mini Splits
*New Shingle Roof 2021
*Updated Kitchen 2021 including 4' island
*Updated HVAC on 2nd Floor 2021
Unit Size
2,177 Ft²
Days on Market
21 days
Land Size
0.42 acres
Price per sqft
$367
Property Type
House
Property Taxes
$490
HOA Dues
-
Year Built
1956
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100% Occupancy
N/A (extreme outlier) 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.
Last updated: 3 years ago (Bright MLS #MDMC2143162)
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Listed by: Heather Sand
Compass
Last Updated: 8 hours ago
Data Source: Bright MLS , MLS# MDMC2143162
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Compass
Last Updated: 8 hours ago
Data Source: Bright MLS , MLS# MDMC2143162
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