305 DEARBORN AVE
About This Property
Ascend to the upper floor where newly refinished hardwood floors grace three generously sized, sunlit bedrooms with ample closet space. Discover a renovated full bathroom and a convenient coffee/wet bar area, adding a touch of luxury to your daily routines. The fully finished basement beckons with a sizable media/family room, complete with a wet bar, two additional bedrooms, and another full bathroom.
Outside, the property showcases a beautifully landscaped front yard, while the fully fenced backyard boasts a stone patio, providing an ideal setting for entertaining. This home is strategically located near playgrounds, trails, natural parks, and just a block away from the bus stop. Enjoy easy access to major commuter routes, public transportation, and the convenience of being inside the beltway.
Recent updates include a new roof (2020), new windows (2020), an updated HVAC system, new appliances, recessed lighting, refreshed flooring, and updated bathrooms and kitchen. Your future home awaits, offering both style and functionality in every detail.
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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 |
|---|---|---|---|
| Mar 22, 2024 | Sold | ||
| Sold | |||
| Feb 16, 2024 | In contract | - | |
| In contract | |||
| Jan 27, 2024 | Listed by Samson Properties | $649,900 | |
| Listed by Samson Properties | |||
| Nov 26, 2022 | No longer available | - | |
| No longer available | |||
| Nov 12, 2022 | Price Decreased |
$589,900
↓ $10K
(1.7%) | |
| Price Decreased | |||
Property Highlights
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About Silver Spring
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017