2823 TROTTER PARK LANE
About This Property
Welcome to the exquisite and modern retreat at 2823 Trotter Park Lane, Lanham, MD 20706, nestled in the sought-after Woodmore Town Center. This magnificent residence offers 6 spacious bedrooms and 5.5 luxurious baths, ensuring ample space and comfort. The home spans an impressive 6,631 square feet, sitting beautifully on a 10,379 square foot lot.
Step through a grand two-story foyer into a world of elegance. The first floor boasts a gracious in-law suite complete with a full bath, separate living and dining rooms, and a cozy family room featuring a fireplace. The sunroom and breakfast nook, perfect for dining, lead to an open gourmet kitchen with state-of-the-art stainless steel appliances and 42-inch cabinetry. A mud room adds convenience to everyday living.
The expansive owner's suite is a true sanctuary, featuring a Roman shower and two walk-in closets. Hardwood flooring graces the home, while select areas offer plush carpeting for added warmth. The finished basement includes a media room, a full wet bar, and a large bedroom with a full bath-perfect for housing family or renting to the perfect tenant.
Nature and privacy harmonize beautifully at this residence-nestled alongside the property is a breathtaking tree conservation area. This lush green sanctuary ensures that a serene, natural backdrop will forever grace the home, providing the perfect next-door neighbor.
Outdoor living is a delight with a two-level deck, fire pit, screened porch, and fully fenced yard that backs to these enchanting trees. The property also features energy-efficient solar panels, a Vivant alarm system, and an irrigation system that maintains the lawn-all of which convey with the home.
The Woodmore Town Center neighborhood offers an array of amenities including playgrounds, tennis courts, a state-of-the-art gym, and an Olympic-sized pool for the community to share.
Enjoy cul-de-sac living and the convenience of a two-car garage, additional driveway parking, and a front porch perfect for relaxation. This stunning home is a blend of elegance, modern comforts, and thoughtful design.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017