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3018 PINE SPRING ROAD
About This Property
Nestled on a beautifully landscaped .29-acre cul-de-sac lot in the highly sought-after Pine Spring neighborhood, this exceptional Mid-Century Modern home has been lovingly maintained and thoughtfully updated. Offering timeless architectural charm paired with modern functionality, this home is truly one of the finest in Pine Spring.
A dramatic two-story foyer welcomes you with a stunning wall of glass, flooding the space with natural light and creating the perfect setting for a reading nook or mudroom area. Inside, exposed beams, skylights, and expansive windows continue the home's bright and airy feel.
The fully renovated and expanded kitchen (2021) is designed for both everyday living and entertaining, featuring white shaker cabinetry, new stainless steel appliances, subway tile backsplash, a large island, and abundant workspace and storage. Multiple living and gathering spaces throughout the home offer the perfect balance of casual comfort and formal entertaining.
The main level features three spacious bedrooms, allowing for the ease and convenience of one-level living. The finished lower level provides incredible flexibility and can function as a family room, home office, guest suite, or private primary retreat, complete with an additional full bathroom. Two unfinished areas offer exceptional storage, including a workshop space and oversized laundry area. The lower level also features a separate side entrance, adding versatility and convenience plus access to a one-car garage. Enjoy peaceful outdoor living from the screened-in back porch overlooking the lushly landscaped backyard, the perfect place to relax, entertain, and enjoy the beauty of this special property. NEW ROOF.
Developed in the 1950s, Pine Spring is known for its strong community, mid-century modern homes, and mature trees and landscaping. Residents often describe it as peaceful, family-friendly, and neighbor-oriented, with an active civic association and long-term homeowners. Its convenient location near the Mosaic District, Tysons, major commuter routes, and DC adds to its appeal while still maintaining a tucked-away suburban feel.
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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 Jefferson
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017