2761 PINEWOOD DRIVE
About This Property
This 3 bedroom, 2 bath home in Pinefield offers over 1,500 square feet of comfortable, updated living space. The primary bedroom has an en suite bath. LVP flooring runs through the main living areas, with carpet in the bedrooms. Bathrooms have been updated, the kitchen features granite countertops and stainless steel appliances, and the floorplan was updated to open up the kitchen.
Out back, a screened porch looks onto a wooded tree line with nothing behind you but trees. That kind of backyard quiet is harder to find than most buyers expect. The porch is not included in the square feet and has real potential to be finished into additional living space.
Partially fenced yard with a storage shed. Attached one car garage, plus a four car wide driveway and street parking.
Windows were replaced in 2022. HVAC was updated in 2021. A wood burning fireplace adds comfort. Public water and sewer. The roof is actively being replaced and will be new at settlement. Built in 1979.
Pinefield sits on the edge of Waldorf, which matters at rush hour. You can reach US 301 without driving through the center of town. A commuter lot on Mattawoman Road sits just outside the neighborhood for bus service toward DC.
Shlagel Farms is right behind the neighborhood, a 105 year old working farm with fresh produce, eggs, meat, strawberry picking in May, and pumpkins in the fall. It is the kind of thing you do not expect two minutes from your front door in Waldorf. Many of the original homeowners are still in Pinefield, raising multiple generations in a community they clearly love. A voluntary civic association runs family events at the community park inside the neighborhood with no mandatory fees, just neighbors who show up. That says something about the place.
For commuters: Joint Base Andrews about 25 miles. National Harbor about 23 miles. Washington, DC about 35 miles. Pentagon and Northern Virginia about 35 to 40 miles. Dahlgren Naval Surface Warfare Center about 28 miles south. Indian Head about 15 miles.
Roof(2026), windows (2022), HVAC (2021), and bathrooms all updated. Less to negotiate at inspection and less to replace on day one.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 29, 2026 | Sold | ||
| Sold | |||
| Aug 25, 2026 | In contract | - | |
| In contract | |||
| Aug 15, 2026 | Price Increased |
$419,999
↑ $10K
(2.4%) | |
| Price Increased | |||
| Aug 14, 2026 | Listed by JPAR Real Estate Professionals | $409,999 | |
| Listed by JPAR Real Estate Professionals | |||
| Oct 29, 2021 | Sold | ||
| Sold | |||
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About Waldorf
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017