11608 MONTICELLO AVE
About This Property
As you approach the property, you'll be greeted by a regal front entry adorned with elegant stonework, setting the tone for the grandeur within. Step inside to discover an expansive living room with beautiful fireplace and wet bar. Across from the living room is an office set up perfectly to work at home. The rear family room is a masterpiece, featuring floor-to-ceiling windows and skylights that flood the space with natural light, creating a serene and inviting atmosphere. The formal dining room is generously proportioned, perfect for hosting memorable gatherings and special occasions. The chef's kitchen is a culinary dream, equipped with high-end full sized appliances, granite countertops, and custom-built cabinetry, along with a very large breakfast area. Off of the kitchen is a rear family room featuring floor-to-ceiling windows and skylights that flood the space with natural light, creating a serene and inviting atmosphere. The custom-designed rear landscaped yard offers a picturesque outdoor retreat, perfect for relaxing or entertaining.
The home boasts five beautifully appointed bedrooms and 5.5 luxurious bathrooms. The upper two levels are dedicated to comfort and privacy, featuring a palatial primary bedroom suite with an opulent en-suite bath. Another bedroom also includes its own en-suite bath, while three additional bedrooms are served by two additional well-appointed bathrooms. Each bedroom has been thoughtfully designed with custom built-ins to maximize space and organization.
The lower levels are equally impressive, including a secondary kitchen, a spacious gym, and large recreation room with ample storage and a is great place to hang out as a family.
This remarkable home stands out not only for its high-end finishes and custom touches but also for its prime location in Kemp Mill, offering convenience and accessibility to local amenities. Every inch of this residence has been meticulously designed to provide a luxurious and comfortable living experience.
Don't miss the opportunity to make this extraordinary house your new home.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 4, 2025 | Sold | ||
| Sold | |||
| Oct 8, 2024 | In contract | - | |
| In contract | |||
| Aug 2, 2024 | Listed by Perennial Real Estate | $1,225,000 | |
| Listed by Perennial Real Estate | |||
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About Kemp Mill
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017