5208 CEDAR RD
About This Property
Recently renovated and updated 4BR/3BA house on Half Acre near Fort Belvoir! Roof, windows, HVAC and HWH have been replaced just 2 years ago. Gleaming hardwood floors reflect abundant natural light. The dramatic "sunken" living room is perfect for entertaining. A wood burning fireplace and mantel take center stage. The enormous remodeled kitchen includes a huge picture window looking out over your expansive level lot/play area. WIth white cabinets, granite counters, stainless steel appliances, a dining table space for large gatherings and a breakfast bar for eating on the go, this kitchen is truly the heart of the home! French doors lead out to the deck for relaxing and hosting BBQ's. In fact, the current owners added a covered shelter for the BBQ pit master! The deck also offers serene views of the creek and wildlife. Generous BR sizes and Updated BA's! Lower level recreation room is great for movie nights and football games! WIth so much space down there, a section doubles as a home office during the day! Lower level BR exits directly out to the backyard. A huge storage/utility room offers all the off-season space you'll need. Large enough for a camper, the oversized driveway offers plentiful off-street parking. A great elementary school has lots of activities and an active parent/teacher community. Quiet, friendly neighborhood near Mount Vernon Country Club and George Washington's famous Gristmill. Grist Mill Park is a closeby playground and dog park. Shopping and dining options are abundant nearby. Embark Richmond Highway revitalization plans make this area a great home AND a great investment! Minutes to Ft. Belvoir, Fairfax County Parkway & Mt. Vernon Hwy to Old Town, DC and Amazon HQ2! Ask about the assumable VA loan at 5.3%!
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 17, 2024 | Sold | ||
| Sold | |||
| Dec 18, 2023 | In contract | - | |
| In contract | |||
| Dec 12, 2023 | Price Decreased |
$715,000
↓ $15K
(2.1%) | |
| Price Decreased | |||
| Nov 14, 2023 | Relisted | $730,000 | |
| Relisted | |||
| Nov 3, 2023 | Listed by Redfin Corporation | $730,000 | |
| Listed by Redfin Corporation | |||
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About Mount Vernon
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017