7300 WESTERN AVENUE
About This Property
Lovingly maintained by its current owner for over 40 years, this timeless 1949 Brick Colonial is a true gem. Nestled on a generous 8,952 sq. ft. corner lot, this home enjoys Southern and Western exposures, filling the interior with natural light while mature landscaping provides privacy.
Step inside the welcoming entry foyer to find a classic center-hall layout, featuring a spacious living room with a cozy gas fireplace, an elegant dining room, and a bright kitchen with white cabinetry, Corian countertops, and a stainless steel range. A side sunroom-complete with motorized shades and heated floors-offers a serene retreat year-round. A convenient powder room completes the main level.
Upstairs, you'll find three comfortable bedrooms and two updated baths, plus pull-down stairs leading to abundant attic storage.
The walk-out lower level adds fantastic versatility, featuring a rec room with built-in bookshelves, a new powder room, laundry, storage space, and a fourth bedroom with luxurious heated floors-perfect for guests or a private home office.
Additional highlights include two off-street parking spaces with plenty of street parking and a rear flagstone patio. Easy access to Rock Creek Park and the charming shops and restaurants on Brookville and Connecticut make this home an unbeatable location.
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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 |
|---|---|---|---|
| May 1, 2025 | Sold | ||
| Sold | |||
| Mar 15, 2025 | In contract | - | |
| In contract | |||
| Feb 26, 2025 | Listed by Long & Foster Real Estate, Inc. | $1,300,000 | |
| Listed by Long & Foster Real Estate, Inc. | |||
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About Chevy Chase
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017