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801 PATTON DRIVE
About This Property
The main level features beautiful hardwood flooring, generous living and dining spaces, a charming fireplace, and large windows that provide an abundance of natural light. The updated kitchen is appointed with granite countertops, stainless steel appliances, neutral-colored cabinetry, and durable luxury vinyl tile flooring.
The expanded third floor provides additional living space and flexibility for bedrooms, a home office, recreation space, or a private guest retreat. With its separate entrance, this area may also offer potential for an accessory living arrangement or multi-unit configuration, subject to applicable zoning, permits, and county approval.
Additional highlights include spacious bedrooms, a private rear patio, a one-car garage, and a large driveway providing ample off-street parking. The unfinished lower level offers laundry, storage, and future finishing possibilities. With generous room sizes, flexible living areas, and plenty of space inside and out, this Montgomery Knolls gem is ready to welcome its next owner!
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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 |
|---|---|---|---|
| Sep 4, 2026 | In contract | - | |
| In contract | |||
| Aug 26, 2026 | Price Decreased |
$549,900
↓ $20K
(3.5%) | |
| Price Decreased | |||
| Aug 5, 2026 | Price Decreased |
$569,900
↓ $19K
(3.2%) | |
| Price Decreased | |||
| Jul 31, 2026 | Listed by Redfin Corp | $589,000 | |
| Listed by Redfin Corp | |||
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About Silver Spring
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017