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804 FALLS LAKE DRIVE
About This Property
Welcome to this beautifully maintained home offering four spacious bedrooms, three-and-a-half bathrooms, and an inviting blend of comfort, style. The home features an updated kitchen, renovated primary bathroom, and a warm and welcoming family room highlighted by a gas fireplace-perfect for relaxing or entertaining.
The finished basement provides additional living and recreational space, complete with a wet bar that is ideal for hosting family and friends. Additional highlights include a two-car garage and an attractively landscaped front yard that enhances the home's curb appeal.
Ideally situated in the highly sought-after Lake Arbor community of Bowie, offers convenient access to an impressive selection of shopping, dining, recreation, and entertainment. Residents enjoy close proximity to Woodmore Towne Centre, featuring Wegmans, Costco, popular restaurants, fitness centers, national retailers, and a variety of everyday conveniences.
Outdoor enthusiasts will appreciate nearby Allen Pond Park, an 85-acre recreational destination offering walking and biking trails, playgrounds, picnic areas, fishing, boating, athletic fields, an ice arena, and community events throughout the year.
The property is also conveniently located near the Lake Arbor Community Center, as well as numerous golf courses, parks, and recreational facilities. Commuters will appreciate easy access to Routes 50 and 301, along with I-495, providing convenient travel throughout the Washington, D.C. metropolitan area and to Annapolis and Baltimore.
Combining a spacious and comfortable interior with exceptional community amenities and a convenient location, 804 Falls Lake Drive presents a wonderful opportunity to enjoy the best of suburban living.
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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%.
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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 |
|---|---|---|---|
| Oct 10, 2026 | In contract | - | |
| In contract | |||
| Oct 9, 2026 | Price Decreased |
$560,000
↓ $39K
(6.5%) | |
| Price Decreased | |||
| Oct 2, 2026 | Price Decreased |
$599,000
↓ $41K
(6.4%) | |
| Price Decreased | |||
| Sep 21, 2026 | Listed by CENTURY 21 New Millennium | $640,000 | |
| Listed by CENTURY 21 New Millennium | |||
| Sep 16, 2026 | Price Increased |
$620,000
↑ $413K
(199.2%) | |
| Price Increased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017