517 MARGARET DRIVE
About This Property
The main level greets you with a light-filled entryway and refinished wood floors that open onto a living room with built-in shelves and a beautiful bay window. Adjoining that is an elegant dining room perfect for dinner parties and everyday meals alike. Beyond: a kitchen that conveniently opens onto both a breakfast nook against the back windows and an epic family room with more built-in shelves and a wood-burning fireplace. (Panoramic windows make you feel like you're cooking, eating, and living among the trees!)
Among the home's spacious bedrooms is a marvelous primary bedroom suite with walk-in closet, spa-like bathroom (complete with skylight), and a landing that's the perfect perch for a home office. The fully-finished in-law suite on the lower level includes a private entrance, bathroom, bedroom and living space.
At 517 Margaret Drive, the fenced, tree-lined backyard has all you need for outdoor relaxation, including a verdant lawn, patio, garden space, and a wood-fired pizza oven. (The front yard is equally landscaped with native plants and trees.) And you're just a short drive or walk from entertainment, amenities, and more in downtown Silver Spring and Takoma Park.
Easy walk to the neighborhood schools, and about equal distance to either the Takoma Park or Silver Spring Metro stops. The world famous farmers Market is also just a short stroll away.
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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 |
|---|---|---|---|
| Jul 15, 2025 | Sold | ||
| Sold | |||
| Jun 17, 2025 | In contract | - | |
| In contract | |||
| May 29, 2025 | Listed by Berkshire Hathaway HomeServices PenFed Realty | $1,049,000 | |
| Listed by Berkshire Hathaway HomeServices PenFed Realty | |||
| May 21, 2025 | In contract | - | |
| In contract | |||
| May 18, 2025 | Relisted | $1,012,500 | |
| Relisted | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017