816 DIAMOND DRIVE
About This Property
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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 |
|---|---|---|---|
| Jul 23, 2025 | Sold | ||
| Sold | |||
| Jul 1, 2025 | In contract | - | |
| In contract | |||
| Jun 23, 2025 | Price Decreased |
$700,000
↓ $25K
(3.5%) | |
| Price Decreased | |||
| Jun 5, 2025 | Price Decreased |
$725,000
↓ $25K
(3.3%) | |
| Price Decreased | |||
| May 16, 2025 | Listed by Compass | $750,000 | |
| Listed by Compass | |||
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Discover this exquisite brick-front residence in the highly coveted Diamond Courts community of Gaithersburg! Situated on a verdant 0.25-acre lot adorned with mature trees. This home provides over 2,800 square feet of inviting living space, featuring 4 bedrooms and 3.5 bathrooms. The roof was replaced in 2023.
As you enter, you'll be greeted by hardwood floors that seamlessly connect the main level. This area boasts a spacious formal living room and a renovated eat-in kitchen equipped with custom cabinetry, quartz countertops, and stainless-steel appliances. The sizable family room conveniently opens to both the carport and the backyard, making it perfect for indoor and outdoor entertaining.
The upper level has four generously sized bedrooms and two full bathrooms, including a primary suite that offers dual closets and ensuite with a walk-in glass and tile shower. The fully finished lower level features a cozy brick fireplace, a vast recreation room, an additional full bathroom, and ample storage space, including a dedicated laundry area.
Conveniently located just moments from the Kentlands, I-270, the MARC Train, and public transportation, this home is in close proximity to NIST, MedImmune, AstraZeneca, and Diamond Farm Park, which offers playgrounds, tennis courts, and basketball courts. Additionally, there is no HOA, providing you with more flexibility and freedom.
This home combines comfort, style, and a prime location, offering everything you need for an exceptional living experience.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017