3505 CUMMINGS LN
About This Property
The welcoming front portico with a copper roof draws you into the gracious foyer with gleaming hardwood floors; the formal dining room for gracious, large-scale entertaining is to the right, and the living room with oversized windows, a fireplace and custom built-ins to the left. Glass french doors lead perfectly to the light-flooded family room and the stunning open-concept kitchen with a two-sided gas fireplace and vaulted ceilings. The updated chef's kitchen with ample countertops and custom wood cabinetry, island seating, two sinks, six-burned stove and stainless steel appliances leads out to a deck for grilling and al fresco dining. A lovely butler's pantry with a sink, cabinetry, storage galore, and a second dishwasher -- and a nicely sized powder room for guests round out the main floor.
The second level has an impressive primary retreat with a separate seating area and a fireplace; a light-flooded oversized bedroom; two walk-in closets and dressing area; and a large bath with two sinks, jetted tub, separate shower, and water closet. Three more bedrooms and another classic full bath are on this level. Up the stairs to the 3rd level with two more bedrooms and a full bath.
The lower level delivers even more living space with a walk-out family room, full bath, billiards room with a fire place (or use this space as a guest, au pair or in law bedroom), numerous storage / workshop rooms, large laundry room with a stainless steel pet bath, and an attached two-car garage. The ample rear yard is lush and flat and fenced in -- ideal for pets, play and entertaining.
Located paces to Shepherd Park's tennis courts, green playing fields and playground as well as the charming shops like the Brookville Market, Olympia Coffee Shop, La Ferme, and the weekly Saturday farmers market. Ideally located nearby to numerous commuter routes: I-495, Connecticut Avenue, Western Avenue, and E-W Highway as well as the shops, conveniences, dining, and sidewalk cafes in Chevy Chase and Friendship Heights and only a few miles to heart of Bethesda. And just 11 miles to National Airport.
Served by Montgomery County Public schools: Rosemary Hills (PK-2nd grade), Chevy Chase Elementary (3rd-5th grade), Silver Creek Middle School, and Bethesda-Chevy Chase High School
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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.
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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017