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9807 GARDINER AVENUE
About This Property
Meticulously maintained and ideally located less than 3 blocks from the Forest Glen Metro, this delightful home blends timeless cape cod character with thoughtful modern updates. Classic details include dormer windows, built-ins, and hardwood flooring in the dining room, with additional hardwood beneath the carpet in the living room and upper-level bedrooms.
Set on a generous 7,500-square-foot lot, the property features a partially fenced, park-like backyard with mature landscaping, creating a private and inviting outdoor retreat. The spacious 14' x 18' three-season sunroom is a true standout, offering a tile floor, electricity, a portable air-conditioning unit, a portable heater and a ceiling fan-an ideal space for relaxing, entertaining, or simply enjoying the peaceful backyard setting.
The approximately 600-square-foot basement has been professionally waterproofed and includes walk-out stairs, offering excellent potential for additional finished living space, a recreation room, home office, or hobby area.
The current owner has invested approximately $100,000 in thoughtful improvements over the years, offering valuable peace of mind to the next owner. Recent updates include:
• New roof (2017)
• New furnace and air-conditioning system (2020)
• New water heater (2022)
• New water line to the WSSC connection (2022)
• Upgraded attic insulation (2023)
The location is equally appealing, with easy access to downtown Silver Spring's shops, restaurants, and the new Silver Spring Aquatic Center. For outdoor enthusiasts, this home is approximately 1½ miles from the Rock Creek Trail.
Classic charm, thoughtful updates, a beautiful lot, and an exceptional location-this Cape Cod is truly a gem!
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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.
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About Forest Glen
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017