3543 ALTON PL NW
About This Property
Enter into the heart of the home on the light-flooded main floor -- the bright and airy living room with gleaming hardwood floors, fireplace with the original mantle, built-in bookcases, and three custom floor-to-ceiling windows that open onto a breezy balcony. The sleek and efficient ceiling fans in the living room and throughout the home, as well as the curated light fixtures are from Design Within Reach. The living room flows into the dining area with seating for six and a set of french doors that lead out to a charming stone patio for added living space and al fresco dining and entertaining. The recently renovated white, contemporary kitchen has new tile flooring, stainless steel appliances, quartz countertops, and open shelving. A staircase leads to the upper level with a nicely sized, serene primary retreat overlooking the expansive rear yard -- with hardwood floors, a ceiling fan and two closets. The renovated full bath has custom black penny tile and a tub/shower and the large, sunny second bedroom has two closets, hardwood floors and a ceiling fan. The bright walkout lower level boasts a family room, office nook, full bath, a bonus room currently used for storage that would be an ideal Peloton or yoga room / gym or an office, multiple storage closets, and a full-sized front-loading washer and dryer.
The lush and ample rear yard is a rare treasure -- landscaped spaces and open green lawn with plenty of room for play, entertaining and dining. The custom fire pit area with a stone patio is ideal for star gazing at night and enjoying coffee in the morning. Let your imagination run wild if you want to expand or do an addition.
The home's location is ideal, nestled between the two popular commercial corridors on Wisconsin and Connecticut Avenues with popular dining spots like Bread Furst, Sfoglina, and Potbelly as well as coffee shops, conveniences, the award-winning Calvert Woodley wine & cheese shop, Gold's Gym, and so much more. Close to the public library, numerous grocery stores and gourmet markets as well as the nature and walking trails in Forest Hills Park and the Melvin Hazen Park and Trail. Easy access to multiple bus routes, the Red Line Metro and numerous commuter routes to downtown and Bethesda. In bounds for blue ribbon DC public schools: Hearst and Murch Elementary Schools, Deal Middle School, and Jackson-Reed High School. This contemporary turn-key gem checks all the boxes. Welcome home!
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 6, 2024 | Sold | ||
| Sold | |||
| Jan 12, 2024 | In contract | - | |
| In contract | |||
| Jan 4, 2024 | Listed by Compass | $1,180,000 | |
| Listed by Compass | |||
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About Northwest Washington
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017