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311 ELLSWORTH DRIVE
About This Property
Top-to-bottom renovated three-level single-family home nestled in the highly desirable Seven Oaks neighborhood off Dale Drive-just steps to Sligo Creek Park and within walking distance to downtown Silver Spring's shops, restaurants, and entertainment.
The main level features a spacious family room with a cozy fireplace, seamlessly open to the brand-new gourmet kitchen showcasing stainless steel appliances including wall oven-microwave combo, stove, range hood, refrigerator, dish washer and wine cooler , quartz countertops, upscale cabinetry, and a stunning waterfall quartz island. French glass doors lead to the new deck-perfect for indoor-outdoor living and entertaining. A formal dining room flows into the bright living room, creating an ideal layout for gatherings.
Upstairs, the primary suite offers a private, fully renovated bath with new tile, shower, vanity, toilet, fixtures, lighting, and mirror. Two additional generously sized bedrooms share a beautifully updated hallway bath featuring new tile, bathtub, vanity, toilet, fixtures, lighting, and mirror.
The fully finished lower level includes a fourth bedroom and a third full bath-completely renovated with new tile, bathtub, vanity, toilet, fixtures, lighting, and mirror. A large recreation room with windows and an exterior door provides abundant natural light and direct access to the backyard.
Major Updates Include: New flooring throughout; Fresh interior paint; New lighting fixtures; New roof; New hot water heater; New condenser, HVAC approximately 5 years old; Some brand-new windows and other windows approximately 9 years old; New deck; New concrete driveway with 4 parking spaces.
Located in a vibrant, walkable, and family-friendly neighborhood, this home offers easy access to nearby parks, shops, and restaurant. Just a short stroll to downtown Silver Spring, where you'll find a wide variety of restaurants, entertainment, and retail options, including Whole Foods Market within walking distance. In the spring, take in the stunning cherry blossoms from the magnificent tree in the backyard-a truly special feature that enhances the charm of this wonderful community.
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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.
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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 Silver Spring
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017