44
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500 NORCROSS WAY
About This Property
BEST DEAL IN TOWN!! A CLASSIC COLONIAL WITH FANTASTIC LAYOUT & MAJOR UPDATES!
This is your chance to become only the second owners of this stately brick-front colonial home with 3 levels, 3,400 sq ft 4 BR 2.5 BA on a quiet cul-de-sac in a prime Silver Spring location . Sited on a .48 acre lot, this home offers an outstanding layout and UPGRADES THAT INCLUDE ROOF around 2018, HVAC in 2021, HOT WATER HEATER replaced in 2024, fresh new paint throughout, and newer laminate FLOORING on the first floor and basement. A formal living room and dedicated study flank the entryway, and a formal dining room with a bay window off of the kitchen offers views of the verdant backyard. The open kitchen overlooks the cozy step down family room with skylights and wood burning fireplace, and offers access to the generous two-car garage. Sliding glass doors to the backyard offer an escape to a serene green space fringed with mature ferns and trees for privacy. First floor features include a convenient laundry with full size washer/dryer, and a half bathroom with extra closet.
Upstairs, you'll find an owner's suite complete with an oversized walk-in closet and convenient second closet, ensuite bathroom with a big soaking bathtub, dual vanities and excellent layout. Three additional bedrooms, with great daylight exposure and ample closets, a linen closet and hallway bathroom with bathtub/shower combo are all located right down the hall.
The basement is suitable for multiple uses including a rec space, rough-in plumbing for an additional bathroom already ready for you to install to your liking, and a bonus room with spacious closet. All of this just minutes from all commuting corridors including New Hampshire Ave., Columbia Pike, 1-270, the ICC and 495 yet tucked away on a quiet street, ready for its next owner. Property sold as-is. ***Offers are due by 10:00am on Wednesday 9/16.***
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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.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
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Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 17, 2026 | In contract | - | |
| In contract | |||
| Sep 10, 2026 | Listed by Long & Foster Real Estate, Inc. | $600,000 | |
| Listed by Long & Foster Real Estate, Inc. | |||
| Apr 27, 1987 | Sold | ||
| Sold | |||
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About Colesville
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017