3549 SPRINGLAND LANE NW
About This Property
The main level welcomes you with a gracious entry foyer, complete with a convenient coat closet and powder room. The impressive living room, offering a wood-burning fireplace and French doors, opens onto the rear terrace and yard. Adjacent, the large dining room with additional French doors open to the deck and is perfect for outdoor living and gatherings. The generous kitchen and family room layout offers a well-designed, open floorplan with plentiful cabinetry, storage and access onto a side terrace.
Upstairs, the second floor offers three bedroom suites, including the luxurious primary. The primary bedroom has soaring ceilings, a large dressing room, and a well-appointed primary bathroom featuring dual vanities and a frameless glass shower. Each of the bedroom benefits from large closets and en-suite bathrooms, ensuring privacy and convenience. A sizable office with tree views also resides on this level. The top floor provides additional living space with two more bedrooms and a full bathroom. The lower level features a recreation room with built-ins and a second fireplace, a powder room, a laundry room, and plentiful storage space. A recently updated in-law or extended stay apartment, complete with its own entrance, kitchen, living area, full bathroom, and multiple closets, adds to the flexibility of this home. Outside, the property offers two surface spaces for ample off-street parking, a large rear lawn, multiple deck spaces, a pergola, and a fountain feature. The grounds are beautifully landscaped and well-layered with mature trees and plantings, offering a picturesque setting.
This property is an exceptional opportunity, offering a serene setting marked by tree-lined streets and a close-knit community. The location is walking distance to Hearst Elementary, Sidwell Friends, St. Albans, and the National Cathedral School. Residents enjoy walking to the vibrant dining and grocery offerings at City Ridge. Additionally, Hearst Park with pool and tennis is steps away. These nearby conveniences, along with seamless access to the greater metropolitan area, define the appeal of this prime location.
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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 |
|---|---|---|---|
| Aug 8, 2025 | Sold | ||
| Sold | |||
| Jul 1, 2025 | In contract | - | |
| In contract | |||
| May 21, 2025 | Price Decreased |
$2,450,000
↓ $350K
(12.5%) | |
| Price Decreased | |||
| Mar 14, 2025 | Listed by TTR Sotheby's International Realty | $2,800,000 | |
| Listed by TTR Sotheby's International Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017