7701 CHATHAM RD
About This Property
This delightful 4-bedroom Colonial located in the Town of Chevy Chase has been passionately cared for by a very long-term owner who built a two-story addition that includes a beautiful family room and a grand primary suite on the second floor.
You will see endless character from the moment you step into the foyer of this stunning home. Enter the formal living room and gaze at the beautiful wood flooring and large mantel fireplace. This leads directly to the formal dining room large enough to host any holiday meal. Classic columns separate the dining room from the additional family room. An abundance of windows and exterior glass door to the private and enchanting Georgetown brick-style patio, brings in an enormous amount of natural light to the lovely cherry wood-paneled family room with wet bar and fireplace.
Any home cook will truly appreciate the updated kitchen with 42" wood cabinets, new quartz countertops, new flooring, and new appliances. Plenty of counter space to prep for any family room. A built-in desk between the kitchen and foyer is a convenient family command center to keep all daily tasks on schedule.
Head up the stunning natural wood stairs to the second level of the home to find the living quarters with the grand primary suite with vaulted ceilings, a palladium window, fireplace, and separate closet and dressing room. The three full baths on the second and third levels have been renovated.
The top floor of the home is finished with a bedroom and full bath. The lowest level includes a finished family room with a fireplace, half bath and brand-new carpeting. Entire house is freshly painted. The slate roof was just serviced, and the gutters are new. Quiet street and location
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 9, 2022 | Sold | ||
| Sold | |||
| Jul 20, 2022 | No longer available | - | |
| No longer available | |||
| Jul 18, 2022 | Listed by Long & Foster Real Estate, Inc. | $1,335,000 | |
| Listed by Long & Foster Real Estate, Inc. | |||
| Jun 28, 2022 | Listed by Long & Foster Real Estate, Inc. | $1,400,000 | |
| 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