8120 KERRY LN
About This Property
The lower level presents a blend of practicality and entertainment, with a sixth-bedroom suite, spacious laundry room, and a walk-out recreation area. Twin-covered terraces and a screened porch enable all-season indoor/outdoor living. Out back, a spiral staircase descends from the deck onto an expansive patio. An artful combination of hardscaping, natural greenery, and total fenced-in privacy maximizes the home's large, lush lot. The new Chevy Chase Lake development, accessible to both the Beltway, DC line, and the award-winning Bethesda-Chevy Chase school cluster are all within mere minutes. 8120 is even situated optimally for the community's festive Fourth of July celebrations. Seamlessly blending today's conveniences with traditional charm in one of the area's most sought-after neighborhoods, 8120 Kerry Lane offers a rare opportunity to experience the pinnacle of Chevy Chase 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 |
|---|---|---|---|
| Feb 16, 2024 | Sold | ||
| Sold | |||
| Feb 6, 2024 | In contract | - | |
| In contract | |||
| Jan 31, 2024 | Listed by TTR Sotheby's International Realty | $2,149,000 | |
| Listed by TTR Sotheby's International Realty | |||
| Sep 9, 2022 | No longer available | - | |
| No longer available | |||
| Aug 4, 2022 | Relisted | $2,399,000 | |
| Relisted | |||
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About Chevy Chase
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017