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7301 SUMMIT AVENUE
About This Property
The flagstone walkway invites you into a home that continually unfolds in surprising ways. At the center is the recently renovated gourmet chef's kitchen with a center-island breakfast bar, state-of-the-art appliances, sleek tile and lighting, along with a sunlit dining space perfect for sipping morning coffee or sneaking a late-night snack. The oversized great room, framed by expansive windows and anchored by a fireplace, is truly the heart of the home. Adjacent to the kitchen is the formal dining room with enough space for gatherings both large and intimate.
Perhaps most compelling is the flexibility of the layout itself. Two main-level bedrooms, served by a full hall bath, can effortlessly function as home offices, den spaces, guest rooms, playrooms, or multigenerational living areas, creating a level of adaptability rarely found in the neighborhood. The separation from the upstairs primary and secondary bedrooms adds both privacy and functionality, allowing the home to evolve naturally alongside changing lifestyles.
Upstairs, the primary suite serves as a welcoming retreat with two generously sized closets, including a walk-in closet, and a spacious en-suite bath with dual sinks and a soaking tub. A second-floor family room, ideal for homework, reading, movie nights, or quiet relaxation, features a fireplace and creates a natural separation between the primary suite and two additional bedrooms. Each bedroom is outfitted with large windows, custom closets, hardwood floors, and enough space for homework, hobbies, or crafts. A full bath with a skylight completes the level, while the attic above provides valuable additional storage.
The lower level continues the home's theme of flexibility and functionality, featuring a recreation room equally suited for play, gathering, workouts, hobbies, or casual living, with access to the front driveway and easy indoor-outdoor flow into the front yard. A powder room, laundry area, and ample storage complete the level, while a rear storage shed adds even more utility to the backyard.
The large landscaped backyard provides a very private, open backdrop for everyday living. Flowering gardens and leafy green surroundings soften the busy edges of life, with birds chirping, fireflies flickering at dusk, and sprinklers running on warm summer evenings. Whether entertaining friends, grilling, dining al fresco, or simply relaxing outdoors, this backyard is a true retreat.
Tucked within the tranquil Village of Martin's Additions, 7301 Summit Avenue enjoys close proximity to Brookville Market, La Ferme, neighborhood parks, and nearby schools. This is one of Chevy Chase's most beloved communities, where tree-lined streets, timeless architecture, weekend walks to Avalon Theatre or Rock Creek Park, and a true neighborhood feel continue to define daily life.
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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.
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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.
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About Chevy Chase
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017