11217 BRIGHT POND LN
About This Property
Located on a 1.63 acre lot, this special property features a private heated swimming pool and backs to gorgeous, private woods. Inside, the transitional floor plan features a spacious dining room, perfect for entertaining, and a flexible room which can be used either as a library or a more formal living room. Continue into the generously sized family room with a wall of windows and featuring (just replaced) skylights, a gas fireplace and built-in display shelving. The kitchen opens to this space and is clearly designed for cooking! Preparing a gourmet meal or even a quick snack will be a treat. The circular breakfast room overlooks both the pool and a wooded view. The primary suite is located on the main level and just wait until you see the beautifully updated full bathroom! The custom walk-in closet provides plenty of space and opportunity for beautifully displayed and organized clothing. Upstairs is another fully updated full bathroom and 2 large bedrooms. There is additional loft space on this level which would make a great workout area, play area or even an opportunity to add another suite. Continuing to the lower level, you will find a family room that features a wet bar and access to the pool. There is an area off of the family room that could be used as another office, sitting area or a game area. This level features a large 4th bedroom, perfect as an in-law or au pair suite, and an updated full bathroom. There is a TON of storage space in this house! At the same time there is an opportunity to use some of this space to create something unique. Always wanted a media room or wine cellar? This is the perfect space. Maybe a dance studio or exercise room? Plenty of options here! Even with this expansive lot in a quiet community, this home belongs to the Reston Association and all of the associated amenities. Enjoy community pools, tennis courts, pickleball courts and the extensive path system that surrounds the neighborhood. This amazing location is close to Reston Town Center, North Point Village Center and Tysons Corner. Be at Dulles Airport in 10 minutes! If you have been looking for that special home, you have found it! New roof and skylights (May 2024), refinished hardwoods (May 2024), resurfaced pool and update of surrounding area (2021). Video and photos have been added.
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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.
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About Reston
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017