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401 ROYALTON ROAD
About This Property
As you enter through the front door, you're greeted by a spacious, sun-drenched living room featuring a wood-burning fireplace. The fireplace is beautifully framed by two built-in bookcases, creating an elegant and inviting focal point. This beautifully renovated home boasts gleaming hardwood floors throughout the main level, enhancing its charm and warmth.
The dining room is large enough to accommodate guests for entertaining, while well-placed windows allow natural light to illuminate the space.
The gourmet kitchen is a chef's dream, featuring high-end stainless steel appliances, a refrigerator with an exterior ice and water dispenser, a Samsung five-burner stove, upgraded cabinetry, and granite countertops.
The fully finished lower level offers a spacious rec room, two additional bedrooms, a full bath, and ample storage. The laundry room includes a newer front-loading washer and dryer for ease of use, as well as an oversized laundry sink.
Enjoy nature year-round in the beautifully landscaped yard, or take a short stroll to nearby North Four Corners Park.
Off-street parking easily accommodates two cars, while the fenced corner lot provides ample space and privacy for outdoor entertaining.
This home is conveniently located less than 2 miles from Forest Glen Metro Station via Sligo Creek Parkway, and offers easy access to the 495 Beltway, Intercounty Connector (ICC), and Route 95, making commuting to DC and beyond a breeze!
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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%.
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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.
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 |
|---|---|---|---|
| Nov 22, 2024 | Sold | ||
| Sold | |||
| Oct 21, 2024 | In contract | - | |
| In contract | |||
| Oct 17, 2024 | Listed by RE/MAX Realty Centre, Inc. | $619,000 | |
| Listed by RE/MAX Realty Centre, Inc. | |||
| | |||
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This one won’t last long! Step into luxury with this recently remodeled 5-bedroom, 3 full-bath mid-century gem, nestled in the highly sought-after Northwood Knolls Community. Silver Spring was recently voted the #1 city to live in for 2024 by Forbes.
As you enter through the front door, you're greeted by a spacious, sun-drenched living room featuring a wood-burning fireplace. The fireplace is beautifully framed by two built-in bookcases, creating an elegant and inviting focal point. This beautifully renovated home boasts gleaming hardwood floors throughout the main level, enhancing its charm and warmth.
The dining room is large enough to accommodate guests for entertaining, while well-placed windows allow natural light to illuminate the space.
The gourmet kitchen is a chef's dream, featuring high-end stainless steel appliances, a refrigerator with an exterior ice and water dispenser, a Samsung five-burner stove, upgraded cabinetry, and granite countertops.
The fully finished lower level offers a spacious rec room, two additional bedrooms, a full bath, and ample storage. The laundry room includes a newer front-loading washer and dryer for ease of use, as well as an oversized laundry sink.
Enjoy nature year-round in the beautifully landscaped yard, or take a short stroll to nearby North Four Corners Park.
Off-street parking easily accommodates two cars, while the fenced corner lot provides ample space and privacy for outdoor entertaining.
This home is conveniently located less than 2 miles from Forest Glen Metro Station via Sligo Creek Parkway, and offers easy access to the 495 Beltway, Intercounty Connector (ICC), and Route 95, making commuting to DC and beyond a breeze!
| |||
| Jun 7, 2016 | Sold | ||
| Sold | |||
| Oct 28, 2015 | Sold | ||
| Sold | |||
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About Silver Spring
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017