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5313 ATLEE PLACE
About This Property
Step inside to discover warm and inviting living spaces highlighted by beautiful hardwood flooring, abundant natural light, and timeless character throughout. Multiple living areas provide exceptional flexibility for both everyday living and entertaining, while two fireplaces create cozy gathering spaces to enjoy throughout the year.
The home's thoughtful floor plan offers four generously sized bedrooms and three full bathrooms, along with a dedicated office and additional finished flex space that can easily adapt to your lifestyle. Whether you're looking for a private home office, hobby room, playroom, or additional guest space, this home offers tremendous versatility. The lower level features brand-new carpeting, providing a fresh and comfortable space ready to enjoy from day one.
Outside is where this property truly sets itself apart. Situated on an expansive 0.54-acre lot backing to Backlick Run Creek, the property offers a peaceful, wooded setting with mature trees providing a wonderful sense of privacy and connection to nature. Whether enjoying the outdoors, entertaining family and friends, gardening, or simply relaxing among the trees, the generous lot offers possibilities rarely found in such a convenient location.
Car enthusiasts, outdoor adventurers, and anyone looking for additional parking will appreciate the exceptional setup. In addition to the sizable two-car garage, the property features two separate driveways. The secondary driveway, positioned to the left of the home and separate from the garage, accommodates up to a 40-foot RV and includes a dedicated 30-amp RV electrical hookup-an incredibly unique feature offering flexibility for RV parking, recreational vehicles, additional cars, or guests.
Adding even more appeal, there is no HOA, providing homeowners with greater flexibility and freedom without the added expense of monthly or annual association dues. Additional highlights include a gas water heater replaced in 2021 and the combination of substantial indoor and outdoor space that makes this property such a unique opportunity.
Ideally situated in an established Springfield neighborhood, 5313 Atlee Place offers exceptional access to I-495, I-395, I-95, Braddock Road, and the surrounding Northern Virginia region. Shopping, dining, parks, recreation, and everyday conveniences are all just minutes away, while Washington, D.C., the Pentagon, Tysons, and other major employment centers remain easily accessible.
With its expansive wooded lot along Backlick Run Creek, flexible living spaces, sizable two-car garage, dual driveways, dedicated 30-amp RV hookup accommodating up to a 40-foot RV, no HOA, and outstanding inside-the-Beltway location, 5313 Atlee Place offers a combination of space, freedom, versatility, and convenience that is increasingly difficult to find in Northern Virginia.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017