43
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509 OWENS WAY
About This Property
The Baltimore & Annapolis Trail is beloved for its beautifully maintained paved paths, peaceful wooded surroundings, and vibrant community feel. Residents enjoy jogging, biking, walking the dog, and connecting with neighbors along one of the region's most scenic recreational corridors. Combined with access to an exceptional school system, this home offers both convenience and long-term value.
Set on a beautiful, flat lot, the home features a fully fenced backyard designed for both relaxation and entertaining. Gather around the firepit on cool evenings, host summer barbecues on the patio, or watch memories unfold in the charming treehouse. A storage shed adds convenience while the spacious yard offers endless possibilities for play, gardening, or future customization. Out front, professionally landscaped curb appeal and a large driveway provide ample parking for guests.
Inside, hardwood floors flow throughout the main living areas, creating warmth and timeless appeal. The living room is anchored by a cozy fireplace, while the enormous family room offers exceptional flexibility for entertaining, movie nights, or everyday living. The kitchen was fully renovated in recent years and showcases modern cabinetry, quartz countertops, stylish backsplash, and stainless steel appliances - blending function and design for today's lifestyle.
The primary suite offers a true retreat, highlighted by a brand new full bathroom with designer-inspired finishes. The mostly finished lower level expands the living space even further, featuring a full bathroom, workshop, and flexible layout ready to serve as a recreation area, gym, guest space, or home office.
509 Owens Way offers the rare combination of walkable lifestyle, outdoor living, modern updates, and access to outstanding schools - all in a setting that feels both connected and peaceful. A home designed for the way you live today.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017