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2555 TRANSOM PLACE
About This Property
Step inside to discover a thoughtfully designed interior that radiates warmth and sophistication. **Freshly painted from top to bottom, including walls and ceilings,** the home feels refreshed and inviting. Brand-new light fixtures throughout enhance the home's elegant appeal, while a combination of beautiful hardwood flooring and brand-new luxury vinyl plank (LVP) flooring adds style, durability, and a modern touch.
The fully updated gourmet kitchen, renovated in 2023, is a culinary enthusiast's dream. Featuring upgraded countertops, a large center island, a beautiful pantry, and high-end stainless steel appliances, this kitchen combines exceptional functionality with timeless elegance. The 2023 appliance package includes a built-in microwave, dual ovens, and a gas cooktop, creating an ideal setting for everyday living and entertaining.
The open floor plan seamlessly connects the kitchen to the inviting family room, creating the perfect atmosphere for gatherings. Elegant crown moldings, chair railings, recessed lighting, and a cozy fireplace add character and sophistication. The main level also features a formal dining room, ideal for hosting memorable dinners and special occasions.
**Recent Updates and Improvements:** Enjoy peace of mind with a new roof installed in 2023, a fully updated kitchen completed in 2023, high-end appliances installed in 2023, fresh paint throughout the home, brand-new light fixtures throughout, and professionally cleaned whole-house vents for a refreshed living environment.
The lower level offers exceptional flexibility, featuring two additional rooms and separate access, presenting an exciting opportunity for a private guest retreat, extended living arrangements, a home office, or potential rental income. Buyers should verify the permitted use and any requirements for a separate rental arrangement.
Combining generous living spaces, thoughtful updates, elegant finishes, and versatile lower-level space, this remarkable Port Potomac residence offers a wonderful opportunity to enjoy refined living in a sought-after community.
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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.
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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 Port Potomac
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017