$1,100,000
●
Land -
Off Market
3204 AMPEG LANE
OLNEY, MD 20832
Studio
0 Bath
$1,195,536
RealtyHop Estimate
-0.37%
Since Nov 1, 2023
National-US
Primary Model
About This Property
All four 2.25 acre lots (total of 9 acres) are being offered as is
and in one transaction for $1,200,000. The four lots are
located at the back of the subdivision in Olney, one of Montgomery
County's most sought-after areas. All four lots will need to
go through the formal subdivision process before applying for
building permits and will require the extension of the existing
road. The lots have access to a WSSC sewer line and will require a
well to be drilled on each lot. An outstanding investment
opportunity - located in Olney and only minutes away from multiple
shopping centers, schools, hospital, and easy access to the Mid
County connector (MD 200). See disclosures for plats, existing
deeds, WSSC sewer line easement, MHG's Engineering sub-division
proposal and other information. ***** The four lots are currently
listed individually at $350,000 each.
Unit Size
-
Days on Market
-
Land Size
2.25 acres
Price per sqft
-
Property Type
Land
Property Taxes
$246
HOA Dues
-
Year Built
-
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 2 months ago (Bright MLS #MDMC2104442)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 23, 2023 | Sold | ||
| Sold | |||
| Aug 18, 2023 | Listed by Weichert, REALTORS | $1,200,000 | |
| Listed by Weichert, REALTORS | |||
| | |||
|
All four 2.25 acre lots (total of 9 acres) are being offered as is and in one transaction for $1,200,000. The four lots are located at the back of the subdivision in Olney, one of Montgomery County’s most sought-after areas. All four lots will need to go through the formal subdivision process before applying for building permits and will require the extension of the existing road. The lots have access to a WSSC sewer line and will require a well to be drilled on each lot. An outstanding investment opportunity - located in Olney and only minutes away from multiple shopping centers, schools, hospital, and easy access to the Mid County connector (MD 200). See disclosures for plats, existing deeds, WSSC sewer line easement, MHG’s Engineering sub-division proposal and other information. ***** The four lots are currently listed individually at $350,000 each.
| |||
Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Baths
ft²
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Listed On
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Closing Price
Sold On
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HOA + Taxes
About Olney
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Listed by: Audrey A Primozic
Weichert, REALTORS
Last Updated: 8 hours ago
Data Source: Bright MLS , MLS# MDMC2104442
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2026 Bright MLS, Inc.
Weichert, REALTORS
Last Updated: 8 hours ago
Data Source: Bright MLS , MLS# MDMC2104442
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