$761,000
●
House -
Off Market
7228 GRINNELL DR
DERWOOD, MD 20855
5 Beds
3 Baths,
1
Half Bath
2,508 Ft²
$701,004
RealtyHop Estimate
1.74%
Since May 1, 2023
National-US
Primary Model
About This Property
Welcome home to 7228 Grinnell Dr, located on a quiet street in
popular Derwood Station, conveniently located close to Metro. This
charming, freshly painted five-bedroom home includes a first-floor
office/den with new carpeting throughout the main and upper
levels.
As you enter the home, make your way into the living room which connects to the formal dining room with a lovely bay window that brings in loads of natural light. The kitchen has been remodeled with brand new stainless appliances. Enjoy an extra eating area in the attached spacious breakfast area. Spend your family time together in front of the fireplace in the large and cozy family room.
As you head to the second level of the home, you will find three well-sized bedrooms and a shared remodeled bathroom. Retreat to your primary bedroom suite complete with a walk-in closet and primary bathroom that has been remodeled to include a private stand-up shower.
A huge unfinished basement with high ceilings is ready for the new owners' plans.
As you enter the home, make your way into the living room which connects to the formal dining room with a lovely bay window that brings in loads of natural light. The kitchen has been remodeled with brand new stainless appliances. Enjoy an extra eating area in the attached spacious breakfast area. Spend your family time together in front of the fireplace in the large and cozy family room.
As you head to the second level of the home, you will find three well-sized bedrooms and a shared remodeled bathroom. Retreat to your primary bedroom suite complete with a walk-in closet and primary bathroom that has been remodeled to include a private stand-up shower.
A huge unfinished basement with high ceilings is ready for the new owners' plans.
Unit Size
2,508 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$275
Property Type
House
Property Taxes
$586
HOA Dues
$226
Year Built
1987
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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: 4 years ago (Bright MLS #MDMC2087382)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 10, 2023 | Sold | ||
| Sold | |||
| Apr 13, 2023 | In contract | - | |
| In contract | |||
| Apr 7, 2023 | Listed by Long & Foster Real Estate, Inc. | $689,000 | |
| Listed by Long & Foster Real Estate, Inc. | |||
| Feb 22, 2019 | No longer available | - | |
| No longer available | |||
| Oct 27, 2018 | Price Decreased |
$545,000
↓ $27K
(4.7%) | |
| Price Decreased | |||
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Property Highlights
Air Conditioning
Fireplace
Garage
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
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HOA + Taxes
About Derwood
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Listed by: Melinda Estridge
Long & Foster Real Estate, Inc.
Last Updated: 8 hours ago
Data Source: Bright MLS , MLS# MDMC2087382
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2026 Bright MLS, Inc.
Long & Foster Real Estate, Inc.
Last Updated: 8 hours ago
Data Source: Bright MLS , MLS# MDMC2087382
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