802 DALE DR
About This Property
From the moment you step into the soaring entry hall with its flagstone floor and overhead turret, you'll be captivated by the thoughtful design that unfolds across three levels. The bright, vaulted living area boasts exposed beams, gleaming hardwood floors, and an oversized wood-burning fireplace flanked by arched doorways, leading to a sun-drenched Florida room overlooking the serene rear gardens.
The newly renovated kitchen features quartz counters, plenty of cabinet space, a Bosch stove, and LED under-cabinet lighting. Adjacent, the large dining room is ready for your next dinner party, while the main level spa-like bath, complete with radiant floor heating, travertine tile, and a jacuzzi tub, adds a touch of luxury.
Upstairs, the expansive primary suite offers versatility, with double closets, room for a home office, and access to a private screened porch and deck. A second upper-level bedroom with an adjacent closet/playroom inside the turret adds whimsical charm. Outdoors, the park-like setting is truly a retreat, with mature landscaping, dry-stacked stone walls, and flagstone paths.
Modern conveniences include a high-efficiency Navien boiler and tankless water heater, 2023 exterior drainage upgrades, and a tandem two-car garage. With its proximity to Sligo Creek Park, downtown Silver Spring, Whole Foods, metro access, and major commuter routes, this home is ideally located for work, school and play!
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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 |
|---|---|---|---|
| Feb 10, 2025 | Sold | ||
| Sold | |||
| Jan 15, 2025 | In contract | - | |
| In contract | |||
| Dec 31, 2024 | Price Decreased |
$979,000
↓ $21K
(2.1%) | |
| Price Decreased | |||
| Dec 10, 2024 | Price Decreased |
$999,990
↓ $29K
(2.8%) | |
| Price Decreased | |||
| Dec 4, 2024 | Price Decreased |
$1,029,000
↓ $30K
(2.8%) | |
| Price Decreased | |||
Property Highlights
Building Info
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About Silver Spring
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017