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717 ANDERSON STREET
About This Property
This home is currently zoned for the Northeast High School Consortium - Choice Process: Blake, Paint Branch, or Springbrook high schools. For details, call the Division of Consortia Choice and Application Program Services.
Living in the Colesville neighborhood of Silver Spring, MD offers a perfect balance of suburban comfort and urban convenience. Residents enjoy tree-lined streets, spacious homes, nearby parks, and plenty of outdoor activities. Residents also benefit from easy access to major highways like the I-495 Beltway, ICC-200 making commutes to Washington, D.C. Prince Georges County or other nearby cities a breeze. With a range of shopping, dining, and cultural attractions just minutes away in downtown Silver Spring, Colesville provides the best of both worlds: peace and quiet at home, with excitement just around the corner.
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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 |
|---|---|---|---|
| Nov 7, 2024 | Sold | ||
| Sold | |||
| Oct 22, 2024 | In contract | - | |
| In contract | |||
| Oct 18, 2024 | Listed by Weichert, REALTORS | $500,000 | |
| Listed by Weichert, REALTORS | |||
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What a great opportunity to own a 3 bedroom, 3 bath single family detached home with privacy NO HOA! The REAL value is in the land and the location... large lot, over a half acre, backing to the serenity of trees in a very convenient developing neighborhood. We found solid hardwood floors under the carpet in the main part of the original house! The upper level has 3 bedrooms plus a bonus room. The addition to the back of the home added a large primary bedroom with ensuite bath, a family room plus the expansive rec room bumpout in the basement. Kitchenette in the basement could come in handy for an in-law suite. The 3-car garage offers plenty of space for hobby cars or workshop projects.
This home is currently zoned for the Northeast High School Consortium - Choice Process: Blake, Paint Branch, or Springbrook high schools. For details, call the Division of Consortia Choice and Application Program Services.
Living in the Colesville neighborhood of Silver Spring, MD offers a perfect balance of suburban comfort and urban convenience. Residents enjoy tree-lined streets, spacious homes, nearby parks, and plenty of outdoor activities. Residents also benefit from easy access to major highways like the I-495 Beltway, ICC-200 making commutes to Washington, D.C. Prince Georges County or other nearby cities a breeze. With a range of shopping, dining, and cultural attractions just minutes away in downtown Silver Spring, Colesville provides the best of both worlds: peace and quiet at home, with excitement just around the corner.
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About Colesville
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017