9416 FRANKLIN AVENUE
About This Property
Experience modern living at its finest in this beautifully renovated split-level home, boasting nearly 3,000 square feet of luxury and comfort. Nestled in the heart of Lanham, this residence seamlessly blends style and functionality, ready to welcome you with open arms.
This home exudes elegance with brand-new hardwood floors that grace the main level, creating a warm and inviting atmosphere. The expansive, open-concept kitchen is a chef's dream, featuring a large kitchen island with a breakfast bar, elegantly adorned with upscale quartz countertops. Cook and entertain effortlessly with the latest stainless steel appliances which include a gas stove and commercial grade range hood to make sure your cooking experience is top notch.
Relax in one of the four spacious bedrooms, including a luxurious owner's suite complete with an ensuite bath and ample storage space with the dual closets. There are three additional bedrooms and a hall bath as well as a linen closet and extra storage space in the hallway.
The lower level is a true gem, offering endless possibilities with two more bedrooms, a full bath, and a second kitchen. Ideal for an in-law suite, guests, or rental opportunities, this space is complemented by a spacious recreational room and two bonus areas, perfect for an office, home gym, playroom or movie theater. There is off street parking for 4+ cars and a one car attached garage to keep your car safe from the weather. There is a large deck out back that offers many benefits to enjoy the spring / summer and fall weather as well as a large concrete patio for sitting around a fire pit. The large, flat, rear yard is fully fenced so your furry friends or young kids can run and play and have a safe space to enjoy.
The neighborhood is super convenient to multiple groceries, as well as retail shopping and multiple restaurants. 495 is a quick drive to commute wherever you have to go.
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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 |
|---|---|---|---|
| May 6, 2025 | Sold | ||
| Sold | |||
| Mar 28, 2025 | In contract | - | |
| In contract | |||
| Mar 21, 2025 | Listed | $600,000 | |
| Listed | |||
| | |||
|
Offer Deadline of Thursday Mar 26th at 12P. Welcome to Your Dream Home in Lanham, Maryland!
Experience modern living at its finest in this beautifully renovated split-level home, boasting nearly 3,000 square feet of luxury and comfort. Nestled in the heart of Lanham, this residence seamlessly blends style and functionality, ready to welcome you with open arms.
This home exudes elegance with brand-new hardwood floors that grace the main level, creating a warm and inviting atmosphere. The expansive, open-concept kitchen is a chef’s dream, featuring a large kitchen island with a breakfast bar, elegantly adorned with upscale quartz countertops. Cook and entertain effortlessly with the latest stainless steel appliances which include a gas stove and commercial grade range hood to make sure your cooking experience is top notch.
Relax in one of the four spacious bedrooms, including a luxurious owner’s suite complete with an ensuite bath and ample storage space with the dual closets. There are three additional bedrooms and a hall bath as well as a linen closet and extra storage space in the hallway.
The lower level is a true gem, offering endless possibilities with two more bedrooms, a full bath, and a second kitchen. Ideal for an in-law suite, guests, or rental opportunities, this space is complemented by a spacious recreational room and two bonus areas, perfect for an office, home gym, playroom or movie theater. There is off street parking for 4+ cars and a one car attached garage to keep your car safe from the weather. There is a large deck out back that offers many benefits to enjoy the spring / summer and fall weather as well as a large concrete patio for sitting around a fire pit. The large, flat, rear yard is fully fenced so your furry friends or young kids can run and play and have a safe space to enjoy.
The neighborhood is super convenient to multiple groceries, as well as retail shopping and multiple restaurants. 495 is a quick drive to commute wherever you have to go.
| |||
| Dec 18, 1957 | Sold | ||
| Sold | |||
Property Highlights
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About Lanham - Seabrook
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017