7501 GLENDALE RD
About This Property
The convenient, comfortable Chevy Chase lifestyle can be yours with features that include a main level entry hall with coat closet, living room with woodburning fireplace, separate dining room overlooking the backyard, renovated kitchen (2014) with top-grade appliances and granite counters, breakfast room with built-in corner cupboards, a huge pantry, sunroom with wet bar and skylight opening to yard, powder room and family room opening to the flagstone terrace.
The upper level includes four spacious bedrooms and three full bathrooms, including two with showers and one with a Jacuzzi-style tub/shower. The third floor is finished as a fifth bedroom with a walk-in closet, cedar closet and skylights. The lower level includes a family/recreation room with fireplace, bonus room, full bathroom, laundry room and utility room.
The exterior boasts a fenced yard, off-street parking, low voltage lighting, an irrigation system, a beautiful lawn, stone walls, spacious planting beds, an expansive flagstone terrace opening from the family room, new slate roofing (2014) and a walk-in woodshed.
Other wonderful features include crown molding, chair rails, hardwood floors, marble and brick fireplaces, niches, bookshelves, 80-bottle wine storage, laundry chutes, multiple ceiling fans, marble and natural stone bathrooms, top-quality brass hardware, two safes, two-zone air conditioning and heating, copper gutters, Andersen windows in living room and kitchen, wooden shutters, wrought iron railings and motion detector floodlights.
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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%.
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 29, 2024 | Sold | ||
| Sold | |||
| Apr 23, 2024 | In contract | - | |
| In contract | |||
| Apr 20, 2024 | Price Decreased |
$1,745,000
↓ $50K
(2.8%) | |
| Price Decreased | |||
| Apr 2, 2024 | Listed by TTR Sotheby's International Realty | $1,795,000 | |
| Listed by TTR Sotheby's International Realty | |||
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About Chevy Chase
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017