6519 7TH PLACE NW
About This Property
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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 |
|---|---|---|---|
| Jun 7, 2024 | Sold | ||
| Sold | |||
| May 21, 2024 | In contract | - | |
| In contract | |||
| May 16, 2024 | Listed by Douglas Elliman of Metro DC, LLC - Washington | $785,000 | |
| Listed by Douglas Elliman of Metro DC, LLC - Washington | |||
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**Sellers request offers, if any, by 3:00 PM on Monday, May 20th** Welcome home to 6519 7th Place NW a 2,000 sq/ft four bedroom, two full and one half-bath fully detached home in charming Takoma Park, DC. Step off of the enclosed front porch into a traditional floor plan featuring hardwood floors throughout and a large, light filled living room with fireplace. Just beyond is a sizable dining area that is perfect for entertaining. Adjacent to the dining room is a spacious kitchen with stainless steel appliances and ample countertop and cabinet storage. On the upper level, three generously sized bedrooms await. The primary suite features western facing views, dual closets and an ensuite bath. The second and third bedrooms with spacious closets and the second full bathroom rounds out this level. Heading to the finished attic space, high ceilings and the home's fourth bedroom await as do original pine floors. A large bonus area on this level is perfect for added storage, a work from home office or gym area. A cavernous basement has been upgraded with luxury vinyl flooring and boasts a fireplace and enough room for a rec room and a fifth bedroom if so desired. The homes laundry, a half bath and access to the outside round out the basement. The backyard features a flagstone patio that is perfect for outside hosting and dining, ample areas for gardens and a one-car garage that can be used for off-street parking, storage or a bonus space. Located in Takoma Park, DC, the home is a short distance to metro, local shops and restaurants and neighborhood favorites like the Takoma Park Rec center. Open Sunday, May 19th from 1-3 PM.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017