2302 SAGE DR
About This Property
The residence showcases exquisite hardwood floors and includes two Owner's Suites with en-suite bathrooms, one on the first floor and another on the second floor. All bedrooms are spacious and equipped with recessed lighting. The property offers a fully finished walk-out basement with an additional bedroom and full bathroom. Brand new Ruud AC unit replaced in February
Outside, a large composite deck overlooks the backyard and green space, perfect for relaxation or entertaining. The home is conveniently located within walking distance to the Waugh Chapel Swim Club and offers easy commuting via routes 97, 32, 3, 175, and the Odenton MARC train station. Nearby, residents will find an array of shopping, restaurants, and grocery stores, enhancing the appeal of this exceptional home.
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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 |
|---|---|---|---|
| Jun 18, 2024 | Sold | ||
| Sold | |||
| May 19, 2024 | In contract | - | |
| In contract | |||
| May 17, 2024 | Price Decreased |
$824,000
↓ $25K
(2.9%) | |
| Price Decreased | |||
| May 8, 2024 | Price Decreased |
$849,000
↓ $25K
(2.9%) | |
| Price Decreased | |||
| Apr 11, 2024 | Price Decreased |
$874,000
↓ $25K
(2.8%) | |
| Price Decreased | |||
Property Highlights
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017