7448 RIDGE ROAD
About This Property
The kitchen is designed for efficiency and scale, offering a dedicated pantry, an eat-in layout, and abundant cabinet space, more than you'll know what to do with. Uniquely, the main level features a bedroom with an ensuite full bath, providing a versatile solution for guests or a primary-level living option.
The upper level is anchored by a primary suite with a walk-in closet and a dedicated vanity, with shared-bathroom access for the second upstairs bedroom. For additional living space, the lower level is fully finished and incredibly functional; it includes a legal fourth bedroom, a third full bath, and a spacious recreation area complete with a dry bar and a plumbing rough-in for a future wet bar. This level also provides extensive storage space and a walk-out that leads directly to the yard.
Beyond the layout, the "bones" and finishes of this home reflect years of genuine care. It is rare to find a property that has been so lovingly maintained, as evidenced by high-end updates such as the brand-new real hardwood floors throughout. With a two-car attached garage, a convenient mudroom/laundry combo, and major systems already addressed- updated HVAC, and a new water heater-this property offers long-term peace of mind in a one-of-a-kind setting.
This home offers a prime location with easy access to both nature and urban conveniences. It is geographically situated just minutes from the Fairfax County Parkway, providing a straightforward commute to the Gambrill Park & Ride Franconia-Springfield Metro, and major employment hubs like Fort Belvoir and the Pentagon. Close by you have Middle Run Stream Valley Park and the extensive trail systems and community amenities of Newington Forest. Conveniently located near the Springfield Town Center, as well as local favorites in the Saratoga Shopping Center and Huntsman Square for grocery runs at Giant or Wegmans, and a variety of quick-service and sit-down restaurants. The property feeds into the Hunt Valley Elementary, Irving Middle, West Springfield High School pyramid to top things off!
All square footage is estimated. ***OFFERS, IF ANY, DUE MONDAY 3/23 AT NOON. PREINSPECTIONS WELCOMED***
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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.
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About Newington
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017