$925,000
●
House -
Off Market
7125 DAMASCUS ROAD
GAITHERSBURG, MD 20882
4 Beds
2 Baths
1,584 Ft²
$1,181,302
RealtyHop Estimate
24.35%
Since Apr 1, 2021
National-US
Primary Model
About This Property
Your chance to own 40 + AgReserve acres in Montgomery County. 7125
Damascus Road is a 10 acre adjoining parcel that is Agricultural in
land and property use connected to 7115 Damascus Road which is 30
acres. Current zoning code is rural with property use
agricultural and land use residential. It is a wonderful treed
around the home and expansive open space parcel with existing
4 bedroom 2 bath home for you to make your own! Bring
horses, farm life, and plan your growing season. The listing and
sales price includes both pieces of land and all of the structures
are sold as is.
Unit Size
1,584 Ft²
Days on Market
-
Land Size
40.00 acres
Price per sqft
$600
Property Type
House
Property Taxes
$3
HOA Dues
-
Year Built
-
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 2 years ago (Bright MLS #MDMC669242)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 28, 2021 | Sold | ||
| Sold | |||
| Mar 24, 2021 | Sold | ||
| Sold | |||
| Nov 29, 2020 | No longer available | - | |
| No longer available | |||
| Dec 9, 2019 | Listed | $950,000 | |
| Listed | |||
| | |||
|
Your chance to own 40 + AgReserve acres in Montgomery County. 7125 Damascus Road is a 10 acre adjoining parcel that is Agricultural in land and property use connected to 7115 Damascus Road which is 30 acres. Current zoning is rural with property use agricultural and land use residential. It is a wonderful treed around the home and expansive open space parcel with existing 4 bedroom 2 bath home for you to make your own! Bring horses, farm life, and plan your growing season. The listing and sales price includes both pieces of land and all of the structures are sold as is. Come call this farm home - or make it your business! The manager has listed the unit size as 1584 square feet.
| |||
| Jul 8, 2019 | Listed | $950,000 | |
| Listed | |||
| | |||
|
Your chance to own 40 + AgReserve acres in Montgomery County. 7125 Damascus Road is a 10 acre adjoining parcel that is Agricultural in land and property use connected to 7115 Damascus Road which is 30 acres. Current zoning code is rural with property use agricultural and land use residential. It is a wonderful treed around the home and expansive open space parcel with existing 4 bedroom 2 bath home for you to make your own! Bring horses, farm life, and plan your growing season. The listing and sales price includes both pieces of land and all of the structures are sold as is. The manager has listed the unit size as 1584 square feet.
| |||
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Air Conditioning
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Montgomery
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Listed by: Ibi Teleki Sofillas
MYREALTYTEAM Real Estate LLC
Last Updated: 1 hours ago
Data Source: Bright MLS , MLS# MDMC669242
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MYREALTYTEAM Real Estate LLC
Last Updated: 1 hours ago
Data Source: Bright MLS , MLS# MDMC669242
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