7914 CHESTNUT AVENUE
About This Property
Don't miss this rare opportunity to own a stunning 2.49-acre building lot in the charming community of Old Bowie. This level, wooded parcel offers a serene setting, perfect for crafting your ideal retreat.
Public water and sewer services are believed to be available, simplifying the building process. The sale includes the adjacent property at 7912 Chestnut Ave (Parcel 161), providing ample space and possibilities for your vision.
With a prime location in sought-after Bowie, Maryland, you can start building your dream home before the New Year! Explore the included map/plat in the documents and envision your future today. Your perfect home awaits!
The Bowie 20715 area has a lot to offer for potential new neighbors, making it an attractive place to call home. Conveniently located between Washington, D.C., and Annapolis, Bowie provides easy access to major highways and public transportation, simplifying commutes. The community is rich in amenities, featuring numerous parks, recreational facilities, and walking trails, with popular spots like Allen Pond Park and Bowie Town Center offering outdoor activities and shopping options. Known for its family-friendly environment, Bowie boasts excellent public schools and a strong sense of community, making it ideal for families. Residents can enjoy a vibrant local culture, with various events and festivals throughout the year, including Bowie Baysox games and local arts and crafts fairs. Dining and shopping options abound, from local eateries to national chains, ensuring all needs are met. The area is also steeped in history, with attractions like Belair Mansion and the Bowie Railroad Museum. Additionally, residents can explore the natural beauty of nearby parks and nature reserves, which provide ample opportunities for hiking, biking, and outdoor activities. With its diverse population and welcoming atmosphere, Bowie 20715 is an inviting community that offers a perfect blend of suburban comfort and recreational options.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Dec 19, 2024 | Sold | ||
| Sold | |||
| Nov 26, 2024 | In contract | - | |
| In contract | |||
| Oct 22, 2024 | Relisted | $175,000 | |
| Relisted | |||
| Oct 15, 2024 | In contract | - | |
| In contract | |||
| Sep 28, 2024 | Listed by Bennett Realty Solutions | $175,000 | |
| Listed by Bennett Realty Solutions | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017