35
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5508 IVOR STREET
About This Property
The welcoming living room features a cozy wood fireplace with stone hearth, brick surround and wood mantel, along with a ceiling fan and large picture window that fills the room with natural light. A dining area connects the living room and kitchen, which offers gas cooking, refrigerator, and a separate freezer. Parquet flooring is located beneath the carpeting, and the three original bedrooms feature parquet flooring, spacious closets, and convenient access to two hallway linen closets. The original full bath includes a tub with ceramic tile surround.
A large utility room offers a washer and dryer, storage space, updated gas water heater (not currently operational), gas HVAC, and direct access to the carport. The carport also includes an attached storage shed and access to a rear deck area with space for a grill.
The spacious addition creates a fantastic private suite with a family room featuring an electric fireplace with brick hearth and surround, ceiling fan, walk-in closet, and Andersen sliding glass door opening to the backyard and patio. The oversized bedroom is filled with natural light from large Andersen windows overlooking the backyard and also offers direct patio access. A walk-in closet with built-in shelving leads to the large custom bathroom featuring a walk-in soaking tub and raised vanity with granite countertop.
Outside, enjoy a large fenced backyard with mature trees, an expansive concrete patio, deck area, and plenty of room for entertaining, gardening, recreation, or simply relaxing outdoors. An updated roof (2019) adds to the home's appeal.
Enjoy easy access to nearby Lake Accotink Park with its lake, hiking trails, playground, miniature golf, boating, fishing, and other recreational opportunities. Convenient to shopping, restaurants, commuter routes, and everyday amenities. Located in the North Springfield Elementary, Holmes Middle, and Annandale High School pyramid. A wonderful opportunity to enjoy one-level living, flexible space, and a large backyard in an exceptionally convenient North Springfield location!
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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 |
|---|---|---|---|
| Sep 25, 2026 | Listed by RE/MAX Allegiance | $639,900 | |
| Listed by RE/MAX Allegiance | |||
| Oct 23, 2017 | Sold | ||
| Sold | |||
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About North Springfield
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017