753 SILVER SPRING AVENUE
About This Property
Silver Spring was recently names Forbes best place to live for families in 2024!
Bring your vision and your design plans for making this original bungalow your forever home! The cozy welcoming front porch greets you before you step inside to discover beautiful original craftsman style woodwork (windows and door frames, faceted glass door knobs and original doorbell) and hardwood floors that flow throughout the main living areas, complemented by an inviting fireplace adorned with classic brick-a perfect spot for cozy gatherings.
Outside, enjoy the fresh air on the on the front porch or the back deck perfect for morning coffee or evening relaxation being surrounded by mature trees such as the gorgeous japanese maple in the front yard, a large fig and maple tree in the backyard, raspberry bushes in the side yard, lots of native plants and recent landscaping in the front yard-there's so much natural beauty to enjoy and to create your very own gardeners paradise!
This home has three bedrooms, including 2 entry-level bedrooms for added convenience. The home is filled with natural light, enhancing the inviting atmosphere. The unfinished basement offers endless possibilities, whether you envision a workshop, additional storage, or a creative space. The top floor offers a large bedroom space with dormer windows with opportunity to build and create your dream suite, home office, workout area, or guest room.
The property sits on a spacious 0.25-acre lot, providing plenty of room for outdoor activities or possibly build an ADU or guest house, garage, work shop, entertaining spaces, etc. With convenient access to public transportation and a welcoming family-friendly, award winning neighborhood, this bungalow is not just a house; it's a place to call home. Don't miss the opportunity to make this inviting property your own! Property sold As-Is.
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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 30, 2025 | Sold | ||
| Sold | |||
| Apr 28, 2025 | Price Decreased |
$650,000
↓ $55K
(7.8%) | |
| Price Decreased | |||
| Apr 28, 2025 | In contract | - | |
| In contract | |||
| Mar 27, 2025 | Listed by Long & Foster Real Estate, Inc. | $705,000 | |
| Listed by Long & Foster Real Estate, Inc. | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017