461-B OAKTON RD
About This Property
As you approach the property, you can't help but notice the sturdy brick front that gives the rancher a timeless appeal. The neatly fenced yard encircles the dwelling, providing a safe haven for playing sports and pets to roam freely. And to your delight, there, at the back of the property, is an inviting above-ground pool-a perfect spot for lazy summer days and lively gatherings.
Upon entering the rancher, you are greeted by an open and inviting atmosphere. Sunlight streams through the large windows, illuminating the freshly painted walls that add a touch of modernity to the home's classic design. The main level boasts a comfortable living area, a well-appointed kitchen, three spacious bedrooms, sun /laundry room and a full bath.
It's lower level, is where a world of possibilities await. Descending the stairs, you will discover a hidden gem-a full kitchen, a generously-sized bedroom, and a full bathroom with ample closets. Because of its outside entrance, the lower level could easily be transformed into a self-contained living space, perfect for accommodating extended family, visiting friends, or even generating rental income. The option to divide the rancher into in-law quarters opens up a world of opportunities for the homeowner.
However, what truly sets this homestead apart is the spacious three-car garage with an apartment above. The apartment features a fully equipped kitchen, living room, dining area, laundry center, three bedrooms and two bathrooms. It provides additional living space and added value to the already enticing package. It also boasts its own deck where you enjoy your early morning coffee or favorite beverage on a hot day. The apartment is on its own electric meter. The apartment is a haven for guests or a potential source of rental income for the savvy homeowner.
Outside, the flag-shaped lot offers ample space for outdoor activities and endless entertainment options. The fenced yard ensures privacy and security, allowing you to create memories and host gatherings without worry. The garage, fully fitted with electricity and plumbing, is a car enthusiast's dream, offering a space for projects and hobbies.
And let's not forget about the location, situated in the heart of Odenton, this homestead is conveniently close to Fort Meade, schools, shopping centers, and various amenities. Commuting to neighboring towns or the bustling city of Baltimore is a breeze, thanks to its strategic positioning near major highways and transportation hubs.
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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%.
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 14, 2023 | Sold | ||
| Sold | |||
| Jul 18, 2023 | In contract | - | |
| In contract | |||
| Jun 28, 2023 | Listed by Keller Williams Gateway LLC | $673,900 | |
| Listed by Keller Williams Gateway LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017