7922 SPRINGER RD
About This Property
The inviting foyer opens to a formal living room with elongated clerestory windows and soaring ceilings. Between the living and dining rooms is an architectural focal point: a magnificent dual-sided brick fireplace. The gracious dining room is adorned with grass cloth wallpaper and large windows, creating a sophisticated space. The spacious family room, complete with its own brick fireplace, built-ins and access to the patio, seamlessly flows into the chef's kitchen. This expansive granite kitchen is outfitted with high-end appliances, including a Thermador range and a Sub-Zero side-by-side refrigerator. It also features a center island, wood cabinetry with soft-closed drawers, a wet bar, a pantry, and a sun-filled breakfast room with a built-in desk area. The main level is completed by a versatile bedroom/office, a powder room, a mudroom/laundry room, a spacious walk-in closet, and access to the two-car garage.
Upstairs, you will find four generously sized bedrooms and four full bathrooms. The spacious primary suite offers a sun-lit sitting area, a walk-in closet, two additional large closets and more storage space, and two separate bathrooms. Additionally, another bedroom upstairs is a convenient en-suite with its own attached bathroom.
The lower level offers a massive recreation room with sliding doors leading to the backyard, a convenient guest room/office, a gym/playroom, a dual-entry bathroom, and a second refrigerator and ample storage space.
Outside, the picturesque backyard includes a large deck with a gas line for grilling, and a two-car garage. The roof was replaced in 2019 and comes with a warranty, ensuring peace of mind for years to come.
With spacious rooms, a versatile floor plan, and incredible location, this home provides unparalleled livability and comfort. While it could benefit from some cosmetic updating, it presents the perfect opportunity to customize and transform this home into your own oasis. Good after renovation comps are 7 Springer Ct sold for $2,380,000 in June 2023 and 7403 Spring Road sold for $2,000,000 in May 2022.
Ideally located in the Whitman community, this home is conveniently close to Pyle Middle School, Whitman High School, Downtown Bethesda, shopping, and the Capital Beltway. Don't miss this fantastic opportunity!
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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 |
|---|---|---|---|
| Nov 19, 2024 | Sold | ||
| Sold | |||
| Oct 25, 2024 | In contract | - | |
| In contract | |||
| Oct 19, 2024 | Relisted | $1,649,000 | |
| Relisted | |||
| Oct 11, 2024 | In contract | - | |
| In contract | |||
| Sep 4, 2024 | Listed by Long & Foster Real Estate, Inc. | $1,649,000 | |
| Listed by Long & Foster Real Estate, Inc. | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017