3042 CEDAR LANE
About This Property
This charming 4-bedroom, 2.5-bath home offers the perfect combination of functional living and outdoor enjoyment. The main-level primary bedroom provides ease and accessibility, while the additional bedrooms offer flexibility for family, guests, or office space. The fully finished, walk-out basement with exterior stairs adds even more usable space-ideal for a home gym, media room, or extended guest suite. Outside, you'll find a beautiful patio and spacious deck-perfect for entertaining or simply relaxing in your private outdoor oasis. Car enthusiasts and hobbyists will love the impressive four-car detached garage, offering ample room for vehicles, storage, or even a workshop. The expansive driveway comfortably fits up to six additional cars, making hosting and everyday living easy. Located in a prime area with convenient access to major commuter routes, this home offers a seamless connection to I-66, I-495, and Route 50-ideal for those commuting to Tysons, DC, or surrounding areas. Don't miss the opportunity to make this well-appointed property your next home! This is the one! Parcel: 0493 06 0148, will also be conveying with the property. ***Property pulls up on Google Maps as 8723 Beechwood Drive, Fairfax, VA***
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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%.
How much can I actually make?
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 |
|---|---|---|---|
| Jul 10, 2025 | Sold | ||
| Sold | |||
| Jun 21, 2025 | In contract | - | |
| In contract | |||
| Jun 18, 2025 | Listed by RE/MAX Executives | $974,900 | |
| Listed by RE/MAX Executives | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017