551 OLD OAK RD
About This Property
The main living area is adorned with large windows, allowing natural light to flood the space and accentuate the hardwood flooring that spans throughout. A cozy fireplace serves as the centerpiece, providing warmth and ambiance during cooler months.
The kitchen features a double oven, stainless steel appliances, gas cooktop and an abundance of cabinetry for all your culinary needs. A convenient dining area adjacent to the kitchen offers a comfortable space for meals and gatherings.
The main level features 2 bedrooms with a shared bath and upstairs is large bedroom with powder room. This home has an addition on the rear of the home with plenty of windows for natural light.
The allure of this property extends outdoors, where the expansive 1.45-acre lot provides endless possibilities for outdoor activities, gardening, and relaxation. Imagine enjoying morning coffee on the charming front porch or hosting gatherings under the open sky. The mature trees and manicured landscaping create a serene backdrop for your outdoor endeavors.
A standout feature of this property is the spacious 2-car detached garage, offering ample room for parking, storage, and hobbies. This additional space is perfect for those seeking a workshop, a place to store recreational equipment, or simply to keep their vehicles protected from the elements.
Located in a desirable neighborhood, this Cape Cod home combines the tranquility of a spacious lot with convenient access to local amenities, schools, shopping centers, 97, route 100 and Fort Meade.
Seller is asking for highest and best offers due Monday August 21, 2023 by Noon.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Oct 11, 2023 | Sold | ||
| Sold | |||
| Aug 30, 2023 | In contract | - | |
| In contract | |||
| Aug 22, 2023 | No longer available | - | |
| No longer available | |||
| Aug 18, 2023 | Listed by Keller Williams Flagship of Maryland | $419,999 | |
| Listed by Keller Williams Flagship of Maryland | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017