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1049 Timbercrest Dr
About This Property
This beautifully updated retreat sits on a quarter-acre private lot in a quiet cul-de-sac, with
mature trees and landscaping. Making this home unique is the renovated basement that
can serve as a complete stand-alone living area, with a full kitchen with all appliancesa, a
separate laundry area with front-load washer and dryer, bedroom with walk-in closet, full-
sized bath, large living area with fireplace, bonus room, and two storage rooms. This rare
completely separate space with in-home access as well as its own private entry is perfect
for multi-gen living, nanny or extended-stay guests. The grand two-story entry leads to an
open-concept living area and a beautifully updated kitchen with new appliances, soapstone
countertops, and above-and-below cabinet lighting. An in-home office with private deck,
family room, formal dining room, formal living room, butler's pantry, half bath, laundry
room and attached oversized insulated three-car garage complete the main level. Upstairs
are three spacious bedrooms and two full baths. The Primary bedroom features two walk-
in closets w/ built-ins. There is also a bonus room that could be converted to a fourth
bedroom. There is a large upper deck off the main floor, patio off the basement, and
gorgeous stone pathways all around, leading to a fountain and custom-built trellis in the
fenced-in backyard. In addition, there is a new roof (May, 2024), newly-painted exterior,
stone walls bordering the driveway, and stone columns in back. Forest Park has a gated
community pool and is situated next to the Ridge Golf Course. Close to shopping, dining,
and highly-rated schools. This home with many designer touches has been impeccably
maintained by contractor/owner and is move-in ready with everything you need to relax
and enjoy.
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Cap Rate Calculator
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%.
How much can I actually make?
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 |
|---|---|---|---|
| Dec 12, 2024 | Sold | ||
| Sold | |||
| Nov 5, 2024 | In contract | - | |
| In contract | |||
| Oct 8, 2024 | Price Decreased |
$1,265,000
↓ $20K
(1.6%) | |
| Price Decreased | |||
| Sep 24, 2024 | Price Decreased |
$1,285,000
↓ $14K
(1.1%) | |
| Price Decreased | |||
| Aug 7, 2024 | Price Decreased |
$1,299,000
↓ $26K
(2%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017