5361 MACARTHUR BLVD NW
About This Property
This beautiful, expansive home (over 3,500 sq. ft. of living space) has it all, 4 bedrooms, a playroom, and a den, with 3.5 baths, plus a newly renovated au pair/in-law/office suite fully equipped with a separate front entrance, a kitchenette, and washer/dryer. The house has been freshly painted and is ready to move in. The house is equipped with solar panels providing clean electric power, which also reduce your monthly expenses, a water filtration system to ensure your family has the highest quality water, a Defense Leak System to protect your home from a potentially damaging pipe leak, a recently replaced roof, and an attached garage with a new garage-door opener. On entry, you are welcomed by the warmth of custom woodwork on the stairway to the second floor and around the beautiful fireplace in the living room. Custom Amish radiator covers throughout the home provide additional charm and character. In addition to a spacious living room, the main level boasts a den/office, a large dining room connecting to a remodeled, oversized kitchen with a commercial-size refrigerator, and a family room that opens to a deck and a large, enclosed private backyard. Off the kitchen is a walk-in pantry and powder room. The primary bedroom wing is also on the main floor. It features a custom-built, walk-in closet, an extra-large primary bathroom with a heated marble floor, and a glass-enclosed shower with a bench. The bathroom connects to a fully equipped laundry room. Upstairs there are three large bedrooms, a playroom/exercise room, and a bathroom with a bathtub. Above the second floor is substantial attic space for storage. The house is situated on an oversized lot (nearly one-quarter of an acre). The location offers the best of the elegance of Kent and the vibrant community of Palisades and its renowned Fourth of July Parade. You are just steps away from Starbucks, excellent restaurants for all tastes, Sunday Farmers' Markets, and the Palisades Playground and are near the Capital Crescent Trail and C&O Towpath for jogging, walking, and biking. You have a convenient commute to downtown DC, and easy access to I-495 to Virginia and Maryland, Sibley and Georgetown Hospitals, and Reagan National Airport. This is a rare opportunity to own a GEM of a family home in our Nation's Capital !HOUSE OCCUPIED MUST CALL LISTING AGENT 24 HOURS NOTICE POSSESSION DATE AFTER JUNE 10 2023
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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.
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 |
|---|---|---|---|
| Jun 12, 2023 | Sold | ||
| Sold | |||
| Mar 22, 2023 | In contract | - | |
| In contract | |||
| Aug 25, 2022 | Listed by AGS Realty, Inc. | $1,595,000 | |
| Listed by AGS Realty, Inc. | |||
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About Northwest Washington
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017