3728 WELLS AVE
About This Property
Mount Rainier was Sustainable Maryland Certified in 2012 (one of only 4 towns then), after passing a "Going Green" ordinance, and has renewed its certification several times since. It's also a Historic District, allowing for State Tax Credits for approved repairs/upgrades to buildings. It offers small-town appeal in an urban setting that is a short ride away from Capitol Hill and the White House. Local Citizens take pleasure in the revitalization taking place around the City and the active engagement that promotes local pride there. You are a short stroll from the locally famous Glut food cooperative (since 1969) and Joe's Movement Emporium (dance, concerts, yoga, children's pre, and post-school programs), and the Arts District that stretches along the Route 1 corridor. Artists working from home in the City do not need a special license to work on and sell art from their home studios. Walk to Pennyroyal Station with New American Cuisine, Dodah's Kitchen Vegan restaurant, and Potomac Fish House. Artist studios are just down the street. You are a short drive from Pizza Paradiso, Franklin's Brew Pub, and Busboys and Poets. At nearby Fort Lincoln, there's a major shopping center and more restaurants anchored by a Costco. It's just over a mile from West Hyattsville Metro (Green Line) and with bus service nearby on Route 1 connecting to the Rhode Island Red Line Metro, and public transportation at that station. For bikers and nature lovers, there are miles of bike/hiking trails in nearby river parks that follow the Northwest Branch of the Anacostia River and connect into Washington D.C. like the Bladensburg Waterfront Park.
Hurry over to see how this house has room to spread out in a Historic town full of charm and right next to the District of Columbia
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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.
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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 |
|---|---|---|---|
| Oct 11, 2023 | Sold | ||
| Sold | |||
| Aug 30, 2023 | In contract | - | |
| In contract | |||
| Jul 18, 2023 | Price Decreased |
$499,900
↓ $25K
(4.8%) | |
| Price Decreased | |||
| Jul 6, 2023 | Listed by Long & Foster Real Estate, Inc. | $525,000 | |
| Listed by Long & Foster Real Estate, Inc. | |||
| Sep 26, 1988 | Sold | ||
| Sold | |||
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About Mount Rainier
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017