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3501 RIPPLING WAY
About This Property
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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 17, 2024 | Sold | ||
| Sold | |||
| Mar 21, 2024 | In contract | - | |
| In contract | |||
| Mar 15, 2024 | Listed by Weichert, REALTORS | $550,000 | |
| Listed by Weichert, REALTORS | |||
| | |||
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Don’t miss the 3D tour and the walkthrough video tour! Here's an opportunity you won't want to miss - a spacious home in the sought-after Russett Community of Laurel, MD! With 4 large bedrooms, 2 1/2 baths, solid hardwood flooring, granite countertops, and an attached 2-car garage, this home offers nearly 4,000 square feet of total building space. As you step inside, you'll be greeted by a welcoming 2-story foyer, setting the stage for more grandeur to come. The 2-story family room adds to the home's open-concept feel, perfect for both everyday living and epic entertaining. The oversize primary bedroom suite is truly impressive, featuring a cozy sitting area with a palladian window and TWO huge walk-in closets. The ensuite primary bathroom offers convenience and luxury with two separate sinks, a water closet, and a massive jetted tub accented by a skylight above. Outside, you'll find a large deck overlooking the private backyard, providing the ideal spot for relaxation and outdoor enjoyment. Plus, with a roof replacement in 2018 and fresh paint throughout, this home is almost move-in ready, just needs a little TLC. The walk-out basement is wide open and waiting for you to finish it with a new design. Tucked away at the end of a serene street, you'll enjoy peace and tranquility while still being close to all the amenities of the Russett Community. From walking paths and trails to a recreation center, pools, tennis courts, and basketball courts, there's something for everyone here. And with convenient access to the Oxbow Lake Nature Preserve, Patuxent River, major highways, FT Meade, NSA, MARC Train, BWI airport, shopping, restaurants, and entertainment, you'll have everything you need right at your fingertips. Don't wait - schedule your showing today and experience all that Russett has to offer! Price is reflective of condition and seller will not make repairs.
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| Apr 6, 2009 | Sold | ||
| Sold | |||
| Dec 31, 2002 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017