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111 NELL STREET
About This Property
🏡 FREE 2-1 Buydown Available at 111 Nell St, Perryville!
When buyers use the builder's preferred lender and title company, a FREE 2-1 buydown is being offered, which could save qualified buyers approximately $427 per month in Year 1 and about $218 per month in Year 2-that's more than $7,700 in total payment savings during the first two years of homeownership based on the new $419,888 purchase price. This is a fantastic opportunity to enjoy a lower monthly payment while building equity in a brand-new home.
Welcome to the Denver by Gemcraft Homes, a thoughtfully designed 4-bedroom, 2.5-bath Colonial in Richmond Hills. The main level offers an open layout with a spacious family room featuring an electric fireplace, a bright breakfast area, and a kitchen complete with an island, pantry, and upgraded Level 2 granite countertops. A separate formal dining room provides additional space for entertaining, while the attached one-car garage adds everyday convenience.
Upstairs, you'll find all four bedrooms, including a spacious primary suite with a walk-in closet and an upgraded Venetian-style en suite bath. A second-floor laundry room makes daily living even easier.
The full unfinished basement with passive radon mitigation offers plenty of storage and the opportunity to create additional living space in the future.
Located just minutes from I-95, shopping, dining, and the conveniences of Perryville, this brand-new home combines modern finishes, functional living space, and the peace of mind that comes with new construction. Schedule your tour today!
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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%.
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 |
|---|---|---|---|
| Sep 22, 2026 | Price Decreased |
$399,888
↓ $25K
(5.9%) | |
| Price Decreased | |||
| Aug 5, 2026 | Price Decreased |
$424,888
↓ $5K
(1.2%) | |
| Price Decreased | |||
| Jul 2, 2026 | Price Decreased |
$429,888
↓ $20K
(4.5%) | |
| Price Decreased | |||
| Jun 25, 2026 | Listed by Keller Williams Gateway LLC | $449,888 | |
| Listed by Keller Williams Gateway LLC | |||
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About Perryville
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017