2302 COLSTON DR #103
About This Property
2) -Bathroom with marble topped vanity, new toilet, Delta faucet and shower-head , fog-free mirror, Tub/Shower with white Subway Tile and Ceramic Tile floor.
3) -New Oak hardwood floors throughout. New doors. 4)- Completely new Electrical system with Ceiling-mounted LED light fixtures in dining area and foyer. Recessed LED lights in living room and kitchen. The bedroom has ceiling fan with light. Custom blinds on all windows with Cordless Lift.
5)- NEW front-loading Samsung Washer/Dryer!
Rock Creek Village condos garden style complex with lovely green spaces, is PET Friendly, and perfectly located off of East West Hwy one mile from Silver Spring Red Line Metro. Just steps to the popular Rock Creek Center with Parkway Deli, market , restaurants and gym. Trails to enter namesake Rock Creek Park are down the street. Owners are eligible for 2 parking permits. Best of all the monthly fee includes all utilities!! EV charging stations are being installed .
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Cap Rate Calculator
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 |
|---|---|---|---|
| Jun 20, 2023 | Sold | ||
| Sold | |||
| May 19, 2023 | In contract | - | |
| In contract | |||
| May 18, 2023 | Listed by Long & Foster Real Estate, Inc. | $225,000 | |
| Listed by Long & Foster Real Estate, Inc. | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
10/02/2023
|
1 Bed
|
1 Bath
|
732 ft²
|
$230,000
1 Bed
1 Bath
732 ft²
|
$235,000
+2.17%
10/19/2023
|
Mark Meyerdirk
Urban Brokers, LLC
| |
|
05/18/2023
| |
1 Bed
|
1 Bath
|
-
|
$225,000
1 Bed
1 Bath
|
-
-
|
Andrew M Johnson
Chevy Chase Circle
|
|
05/18/2023
|
1 Bed
|
1 Bath
|
696 ft²
|
$225,000
1 Bed
1 Bath
696 ft²
|
$242,500
+7.78%
06/20/2023
|
Andrew Johnson
Long & Foster Real Estate, Inc.
| |
|
03/22/2021
|
1 Bed
|
1 Bath
|
739 ft²
|
$225,000
1 Bed
1 Bath
739 ft²
|
-
-
|
-
| |
|
01/28/2021
| |
1 Bed
|
1 Bath
|
-
|
$215,000
1 Bed
1 Bath
|
-
-
|
-
|
|
05/14/2019
|
1 Bed
|
1 Bath
|
733 ft²
|
$230,000
1 Bed
1 Bath
733 ft²
|
-
-
|
-
| |
|
08/25/2018
|
1 Bed
|
1 Bath
|
733 ft²
|
$173,900
1 Bed
1 Bath
733 ft²
|
$220,000
+26.51%
07/25/2019
|
Mina Sultani
| |
|
04/17/2018
|
2 Bed
|
1 Bath
|
733 ft²
|
$279,000
2 Bed
1 Bath
733 ft²
|
-
-
|
-
| |
|
07/31/2017
| |
1 Bed
|
1 Bath
|
-
|
-
1 Bed
1 Bath
|
-
-
|
-
|
Building Info
About Silver Spring
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Phone: 425-283-2930
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