8501 GEREN ROAD #204
About This Property
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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.
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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 11, 2025 | Sold | ||
| Sold | |||
| Jan 3, 2025 | In contract | - | |
| In contract | |||
| Dec 19, 2024 | Listed by EXP Realty, LLC | $349,900 | |
| Listed by EXP Realty, LLC | |||
| | |||
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Welcome to this inviting 3-bedroom, 1-bath townhouse nestled in the desirable Top of the Park community in Silver Spring. Offering the perfect blend of traditional charm and modern comfort, this home is ideal for those seeking a serene retreat with convenient access to everything the area has to offer. Step into the light-filled open living and dining areas featuring beautiful hardwood floors throughout the main, and upper level—perfect for entertaining or cozy evenings at home. The seamless flow from the dining area to the rear deck creates the ideal indoor-outdoor connection, offering peaceful views of the surrounding greenery. Whether enjoying morning coffee, grilling, or unwinding after a long day, the deck serves as your private outdoor oasis. The kitchen features ample cabinetry, and ceramic tile floors to whip up your favorite recipes. Stacked washer & dryer conveniently located in the kitchen area. Upstairs, you'll find three bedrooms and one full bathroom. The sun-drenched primary bedroom boasts generous closet space, while the additional bedrooms offer versatility and views of the treed neighborhood. Full bathroom off the hallway with tub/shower convo, pedestal sink and tile flooring. VA & FHA approved! Enjoy the local amenities to include: the neighborhood pool or exploring the scenic Sligo Creek Trail just minutes away. Conveniently located near upcoming Purple Line Metro, bus stops, parks, grocery stores, restaurants, and Sligo Creek Elementary and more. 8501 Geren Rd offers a perfect blend of convenience, community, and tranquility in a prime location.
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Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
12/19/2024
|
3 Bed
|
1 Bath
|
1180 ft²
|
$349,900
3 Bed
1 Bath
1180 ft²
|
$350,000
+0.03%
02/11/2025
|
Bridget Hodge
EXP Realty, LLC
|
Building Info
About Silver Spring
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017