3605 JOHN CARROLL DRIVE
About This Property
Inside, gleaming hardwood floors and brand new carpet (May 2026) are complemented by abundant natural light, creating a warm and inviting feel throughout the formal living and dining areas. The spacious kitchen offers ample storage, prep space, and room for casual dining-perfect for everyday living and entertaining.
Upstairs, you'll find four generously sized bedrooms, including a serene primary suite with en suite bath. Fresh updates, including new carpet and paint, enhance the home's move-in-ready appeal.
The lower level features a large recreation room with a cozy brick fireplace and built-in bookshelves, along with a fifth bedroom with walkout access-ideal for a guest space, office, or gym. A half bath, abundant storage, and updated basement flooring (2024) complete the space.
Step outside to your private retreat with a custom patio and firepit and space to entertain guests or throw a ball around-perfect for relaxing or entertaining. With two fireplaces-indoors and out-you'll enjoy year-round comfort and charm.
Additional updates include a refreshed garage (2024). Ideally located near downtown Olney with convenient access to shopping, dining, and more, this home truly has it all.
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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 |
|---|---|---|---|
| Sep 3, 2026 | Sold | ||
| Sold | |||
| Aug 5, 2026 | In contract | - | |
| In contract | |||
| Aug 1, 2026 | Price Decreased |
$699,700
↓ $13K
(1.8%) | |
| Price Decreased | |||
| Jun 27, 2026 | Price Decreased |
$712,400
↓ $12K
(1.7%) | |
| Price Decreased | |||
| Jun 12, 2026 | Listed by CENTURY 21 New Millennium | $724,700 | |
| Listed by CENTURY 21 New Millennium | |||
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About Olney
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017