4405 UNDERWOOD ROAD
About This Property
A welcoming covered front porch sets the tone, leading into a bright and airy interior adorned with original hardwood floors and abundant natural light throughout the main level. The spacious living room, complete with a wood-burning fireplace, flows into a formal dining room-ideal for hosting gatherings. An adjacent sunroom, with windows on three sides, provides a tranquil space to relax and unwind. There is also a convenient half bath on this level.
The chef's kitchen features an eight-burner professional-grade gas range with vented hood, brand new 48" white cabinetry, quartz countertops, a stylish tile backsplash, and an oversized center island offering ample prep and seating space, perfect for entertaining.
Upstairs, the second floor includes a stunning primary suite with a large walk-in closet and a luxurious ensuite bathroom with a double vanity and an oversized walk-in shower. Two additional generously sized bedrooms, a beautifully renovated hall bath with double vanity and tub/shower combo, and a convenient laundry area complete this level.
The third floor hosts a second primary suite with soaring cathedral ceiling, exposed beams, multiple closets to include a large walk-in closet, and an ensuite bathroom with penny tile flooring and a frameless step-in shower with bench seat.
The fully finished lower level provides exceptional flexibility, with a spacious rec room, fourth full bath featuring a jacuzzi tub, a fifth bedroom or bonus room with walk-up access to the backyard, and a unique private cellar with exposed stone walls and wood trim-ideal for a wine room, gaming space, or home office.
Step outside from the kitchen to a charming covered rear deck that leads to a spacious patio and a beautifully shaded backyard with mature trees-ideal for outdoor entertaining, summer cookouts, or simply relaxing in nature. Additional highlights include an oversized driveway and a detached one-car garage, providing ample off-street parking.
This extraordinary home combines timeless architecture with thoughtful updates in one of Baltimore's most desirable neighborhoods. Don't miss the opportunity to make it yours!
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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.
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About Northern Baltimore
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017