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24201 CADILLAC DRIVE
About This Property
Perched on a private hilltop in the Seneca Crest neighborhood of Gaithersburg, this spacious 5-bedroom, 2.5-bath Colonial offers an oversized main-level primary suite and spectacular views of the rolling countryside that surrounds it. Built in 1998 and sited on a 1.6-acre lot, the home has been thoughtfully updated inside and out while offering a spacious, functional floor plan.
The main level features newly installed LVP flooring throughout and abundant natural light from oversized windows. A welcoming foyer is flanked by generously sized living and dining rooms. Adjacent to the dining room, the newly updated kitchen features white solid-wood cabinetry, quartz countertops, stainless steel appliances, marble backsplash, a pass-through window to the family room, and a spacious breakfast area with a bay window.
The expansive family room is larger than most you will find in the area and features French doors opening to the rear of the home, where the elevated setting captures the property's beautiful countryside views.
A private hallway off the foyer leads to the main-level primary suite, complete with a separate den or sitting area, dual closets, and a large updated primary bath with a soaking tub, separate shower, and generous vanity. An updated powder room and multiple storage closets complete the main level.
Upstairs are four equally spacious bedrooms, each offering abundant natural light, generous closet space, and newly installed carpet. An exceptionally large, newly renovated hall bath serves all four bedrooms and features a dual vanity and tub/shower combination.
The enormous walk-out lower level offers outstanding potential for the next owner. The sellers began the process of finishing the basement but did not complete it. The space is currently divided into a large recreation area, laundry room, full bath, and generous storage area. With drywall and electrical already in place and approximately 9-foot ceilings, the lower level presents an excellent opportunity to significantly expand the home's finished living space.
Lovingly maintained by its original owner and featuring numerous newer systems, a newer roof, and tons of updates throughout, this property combines space, privacy, flexibility, and picturesque views in a truly special setting. Don't miss it!
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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%.
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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.
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.
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About Montgomery
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017