3712 MOUNT OLNEY LN
About This Property
3712 Mount Olney Lane in Olney, Maryland, nestled within the charming Olney Mill Community, presents a picturesque setting ideal for convenient living. This spacious brick rambler offers 4 bedrooms and 2.5 baths, featuring a deck that overlooks a tranquil walking trail and Olney Mill Park, providing a serene backdrop for outdoor enjoyment.
Upon entering, the home welcomes you with a kitchen has been thoughtfully updated, enhancing both functionality and style. A finished basement adds significant living space and includes a cozy fireplace, perfect for gatherings or relaxation. The basement also features a convenient walkout to a patio area, seamlessly connecting indoor and outdoor living.
Recent updates such as a new roof in 2019, along with newer HVAC and hot water heater, ensure comfort and peace of mind for years to come. The property boasts a beautifully treed yard, offering shade and privacy, making it an ideal retreat within the community.
With its "great bones" and potential for personalization, 3712 Mount Olney Lane presents a wonderful opportunity to make this house your own by adding finishing touches that suit your lifestyle and preferences. Whether enjoying the peaceful surroundings or taking advantage of nearby amenities, this home offers a perfect blend of comfort, convenience, and potential. Sold AS IS.
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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 |
|---|---|---|---|
| Jul 30, 2024 | Sold | ||
| Sold | |||
| Jul 1, 2024 | In contract | - | |
| In contract | |||
| Jun 27, 2024 | Listed by Berkshire Hathaway HomeServices PenFed Realty | $575,000 | |
| Listed by Berkshire Hathaway HomeServices PenFed Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017