Welcome to Norbeck Crossing Condominiums, located in the desirable
Silver Spring, Maryland with easy access to ICC, Rockville and
Olney. This stunning corner unit boasts 2 bedrooms, 1 den/office, 2
full bathrooms and offers a private garage with some storage which
only a handful of owners enjoy. This beautifully maintained unit
boasts an open floor plan, creating a seamless flow between the
living, dining, and kitchen areas, perfect for entertaining guests
or relaxing with loved ones. As you step inside, you will be
greeted by gleaming hardwood floors throughout the main living
areas, adding an elegant touch of warmth and elegance enhancing the
overall aesthetic appeal of the condo. The living room is spacious
access to the covered balcony for outdoor enjoyment. The large
primary suite bedroom is on the corner with windows on two sides
allowing plenty of natural light to enter the room. The spacious
bathroom is designed with relaxation in mind, with tasteful
finishes and a harmonious blend of style and practicality. The
primary suite is rounded out with a large walk-in closet for all
your clothing storage needs. The second bedroom has a large walk-in
closet and close access to the second full bath for easy access.
This unit has an extra den/office/library room to keep sleeping
rooms separate from work. From the convenience of its
location to the quality craftsmanship of the condominium, this
property offers an exceptional living experience with easy access
to what the area has to offer. Location amenities include,
walk/jog path, Tot Lot, Picnic area and Dog Park. Close to Olney,
Rockville, restaurants, shopping, and entertainment. Close to ICC
and major routes such as 97, 200, 108, 28. Public Transportation.
Don't miss out on the rare opportunity to own this Corner Unit
Condo and all its superb features...Make it yours TODAY!
Unit Size
1,290 Ft²
Days on Market
-
Land Size
-
Price per sqft
$329
Property Type
Condo
Property Taxes
$362
HOA Dues
$513
Year Built
-
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier)
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.
HOA/Condo/Coop Amenities: Common Grounds, Elevator, Jog/Walk Path, Tot Lots/Playground, Picnic Area
HOA Fee: $100
HOA Fee Frequency: Monthly
Condo/Coop Fee: $413
Washer/Dryer/Hook Up in Unit: Yes
3850 CLARA DOWNEY AVE
#31,
SILVER SPRING, MD,
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