$525,000
●
House -
Off Market
3903 LANTERN DR
SILVER SPRING, MD 20902
3 Beds
2 Baths
910 Ft²
$2,578
Est. Monthly
About This Property
Welcome to this gorgeous, fully renovated rambler close to
everything! The beautifully remodeled kitchen has stainless steel
appliances, custom cabinets and quartz countertops. The main floor
shines with refinished hardwood floors and recessed lights
throughout. The walkout lower level has been remodeled as well with
updated flooring, a renovated full bath, laundry area, bonus room
for den or office, and access to a slate patio surrounded by a
large level backyard with a six foot privacy fence! Beautifully
landscaped with a driveway for off street parking. Other perks
include a new roof (2023), new HVAC (2024) and new hot water heater
(2024). This home is close to Kensington shops, restaurants and
Rock Creek Park. Easy access to three metro stations and the
Beltway make this home the perfect choice! Open houses on Saturday,
August 10 and Sunday, August 11 from 1-4.
Unit Size
910 Ft²
Days on Market
19 days
Land Size
0.15 acres
Price per sqft
$577
Property Type
House
Property Taxes
$430
HOA Dues
-
Year Built
1954
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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.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 3 years ago (Bright MLS #MDMC2143026)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 11, 2024 | Sold | ||
| Sold | |||
| Aug 23, 2024 | In contract | - | |
| In contract | |||
| Aug 17, 2024 | Price Decreased |
$524,900
↓ $20K
(3.7%) | |
| Price Decreased | |||
| Aug 8, 2024 | Listed by Long & Foster Real Estate, Inc. | $545,000 | |
| Listed by Long & Foster Real Estate, Inc. | |||
| Mar 12, 2020 | Sold | ||
| Sold | |||
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Property Highlights
Air Conditioning
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Baths
ft²
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About North Kensington
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Listed by: Michael Colopy
Long & Foster Real Estate, Inc.
Last Updated: 10 hours ago
Data Source: Bright MLS , MLS# MDMC2143026
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2026 Bright MLS, Inc.
Long & Foster Real Estate, Inc.
Last Updated: 10 hours ago
Data Source: Bright MLS , MLS# MDMC2143026
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