2620 COOL SPRING RD
About This Property
A unique floorplan offers a potential in-law suite on the entrance level with a private side entrance and private bathroom. A spacious entrance hall leads to a Family room with a wood-burning fireplace on the other side with knotty pine walls reflecting the home's 1956 origin. Your 50s and 60s furniture will feel very at home here. The large storage/furnace/laundry room has two side rooms for added storage and one has a window and could be a great private office. Up a level the living room and the whole level have gleaming oak hardwood floors and an entrance to the upper level full-width deck - here enjoy your book in the afternoon light, feel the breeze, and enjoy the birdsong. The wood-burning fireplace is a great asset for cozying around in the holidays. The winter snowfalling will be a delight to watch here. The large windows are mostly Thompson Creek with warranties and flood your home with light.
The kitchen is a superb country kitchen with lots of table space, stainless appliances, and lots of quartz countertop space. The cabinets look original and add to the 50's charm. This home has been gracefully updated without destroying its period charm. There are 3 good-sized bedrooms here and a full bathroom with a tub shower. All have shining hardwood floors. There's a whole house attic fan that saves on using the CAC when it quickly sucks in the cool evening air. Custom blinds surround the large windows and will convey. The roof is just 2 years old and a good candidate for solar panels. The gutter guard system and downspouts are also recent. In the rear is a private fully fenced yard and brick patio ready for entertaining; an oasis among the trees."
Stroll into the nearby Northwest Branch Park with miles of trails that take you in 10 minutes to Adelphi Mill and the Fall Line in the creek just beyond. The Purple Line is coming late 27 with a station around 1/2 mile away at the University of Maryland West Entrance. There's parking for 6 cars off the road. The terraced garden is full of year-round surprises with a new bloom and greenery for every season. You are a few minute's drive to the Beltway and I-95 and it's an easy commute into Washington, D.C., and surrounding locations. The Green and Red metro lines are also close by.
This is a hard-to-find and unique home that is a joy to visit and live in. You'll marvel at watching the seasons pass with the trees all around and the warm winter views of the low sun - it's a step back in time but with the modern conveniences today's buyers demand. Also Open House on Sunday 8/18 2-4 pm
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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 Adelphi
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017