3111 63RD PLACE
About This Property
The main level is both functional and inviting, anchored by a light-filled living room featuring custom built-ins and an electric fireplace, creating a natural focal point for the space. Warm wood flooring carries throughout, connecting the living room to a dedicated dining area and a centrally positioned kitchen that opens directly to the rear patio-an easy transition for indoor-outdoor living. Two bedrooms and a full bath on this level offer flexibility for guests, work-from-home needs, or convenient single-level living.
Upstairs, two additional bedrooms are complemented by a full bath and added storage, providing a thoughtful separation from the main living areas.
The lower level adds meaningful everyday utility, featuring a recreation room, laundry area, mechanical space, and direct access to the attached one-car garage, along with generous storage throughout.
What truly sets this property apart is the lot. Stretching nearly a quarter acre, the backyard extends far beyond what is typical for the neighborhood-offering a deep, private green setting with ample space to entertain and garden.
This home is conveniently located near several parks, including Cheverly Community Park and Bladensburg Waterfront Park, as well as the famous Cheverly Swim & Racquet Club! Nearby grocery and shops include Whole Foods, Wegmans and Aldi. Easy access to Washington DC, Annapolis and Baltimore. Welcome home!
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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 |
|---|---|---|---|
| May 14, 2026 | Sold | ||
| Sold | |||
| May 7, 2026 | In contract | - | |
| In contract | |||
| Apr 28, 2026 | Listed by TTR Sotheby's International Realty | $540,000 | |
| Listed by TTR Sotheby's International Realty | |||
| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
| Jun 8, 2020 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017