2716 BELLEVIEW AVENUE
About This Property
In addition to the recent $10K price reduction, seller is offering buyers a choice of an additional $15,000 credit, price reduction or 2-year rate buy-down that can lower monthly payments by approximately $600 in year one and over $300 in year two. Ask your lender which option works best for you and take advantage of this $25K value opportunity
Character, Condition, Components and Community come together in this updated and expanded 4 Bedroom, 3.5 Bath Colonial on 3 levels with an attached Garage and excellent indoor and outdoor spaces. The main level features a Living Room with wood burning fireplace, separate Dining Room, fully renovated eat-in Kitchen with Breakfast Room, Family Room, 4th Bedroom/Office/Den, full Bath, and a rear addition, finished Sun Room overlooking the backyard with access to the side deck. Upstairs are 3 spacious Bedrooms and 2 full Baths, including a generous Primary Suite with en-suite Bath located over the rear addition.
The walk-out lower level adds significant flexibility with a large open space that currently serves as a Rec Room, Workshop, and Laundry area. In addition, there is a half Bath, separate Storage Room, Mechanical Area, and direct Garage access. Additional features include a sump pump and French drain system.
Recent improvements include a renovated Kitchen, new Central Air, 12 new windows, refinished wood floors, fresh interior paint, updated lighting and plumbing fixtures, and a roof replaced approximately 9 years ago. The heating system is radiators with a gas boiler. Outside, enjoy a deep, flat, landscaped and fenced backyard accessible from the Kitchen, Sun Room, and Garage. Owners have enjoyed living on this quiet, tree-lined and friendly street for over 27 years. The home is .7 miles from the Cheverly Metro (Orange Line) and an easy walk to Cheverly Pool & Racquet Club, neighborhood parks, the community center, and the local farmers market. Cheverly is a welcoming, established neighborhood with quick access to the B-W Parkway, New York Avenue, 295, Route 50, and the Beltway-minutes to downtown DC, Capitol Hill, Arboretum, the Hyattsville Arts District, University of Maryland, and Bowie + Anne Arundel County. It is close to Dakota Crossing (Costco/Lowes), Woodmore Town Center (Wegmans), Landover Road (Aldi/CVC) and Route 450/Capital Plaza shopping and dining.
Space, flexibility, updates, outdoor living and community-this Cheverly Colonial brings them all together.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017