4303 29TH ST
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. 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 and more restaurants anchored by Costco. It's just over a mile from West Hyattsville Metro (Green Line) and with bus service nearby on Route 1 connecting to Red Line Metro, public transportation is super friendly. 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 through Washington D.C.
Enjoy summer evenings on the old-fashioned front porch and feel yourself relax and slip back in time to the bygone years of this adorably cute 1890 home!
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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 |
|---|---|---|---|
| Jun 29, 2023 | Sold | ||
| Sold | |||
| May 9, 2023 | In contract | - | |
| In contract | |||
| May 5, 2023 | Price Decreased |
$295,000
↓ $5K
(1.6%) | |
| Price Decreased | |||
| Apr 12, 2023 | Listed by Long & Foster Real Estate, Inc. | $299,900 | |
| Listed by Long & Foster Real Estate, Inc. | |||
| Mar 9, 1999 | 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