11140 KORMAN DR
About This Property
Upscale features include the natural perfection of Brazilian Hardwood Flooring, fantastic Casement Windows, soaring Cathedral Ceilings, custom millwork, a seamless Kitchen Addition with timeless elegance, renovated luxurious Bathrooms and a Replaced Architectural Shingle 50 year roof (2022). This exceptional property is well suited for MULTI-GENERATlONAL living and has MULTIPLE HOME OFFICE options. Enter the front door with sight lines to the back wall of windows and view of the trees beyond. The large wrap around deck has access from both the Kitchen and the Great Room giving you priceless views from inside and out during all seasons. Groceries and laundry are a breeze with the mudroom and laundry off the two car garage, leading to the Kitchen. The renovated, expanded Kitchen boasts abundant custom Cabico cabinets, an oversized Island, Kitchen Aid refrigerator, Wolf gas cooktop, Miele double convection wall oven, Miele warming drawer, Bosch dishwasher and a large pantry. Entertain with limitless possibilities in the open Dining Room and Great Room with cathedral ceilings and windows galore bringing the outdoors in. Open and minimal steps take you up and down with pleasing flow. The Primary Suite boasts its own landing overlooking the Foyer and wows with a renovated, sensuous, oversized en-suite Bathroom and multiple Closets. Three additional Bedrooms and a renovated full Hall Bathroom complete the top levels. On the first lower level, you will find a comfortable Family Room with a Fireplace and a Bedroom Suite set away from the main room with a Full renovated Bathroom. Down a few steps is a Recreation Room ready for family and friends to relax and enjoy. This level features a walk-out light filled room, with floor to ceiling sliders and a fantastic view to the private back yard and vista beyond. This lovely space could be used for a home office with separate entrance, gym, yoga, art, music room, additional bedroom and more. A large storage room with a utility sink along with the HVAC are included on the lower level.
You'll love the generously sized corner lot and backyard with plenty of play space and the serenity of this natural setting. Close-in Potomac location conveniently located minutes from major thoroughfares, shopping, dining and places of worship. Sought after schools: Wayside Elementary (.5 mile), Hoover Middle School & Churchill High School. Backs to Kilgore Branch Stream Valley Park. Very close to the Eldwick Swim & Tennis Club and the Bedfordshire Community Park. On top of it all, it's in a super friendly neighborhood!
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017