Just completed, this newly constructed home delivers uncompromising
luxury in Newton's coveted Waban village. An architectural
statement defined by timeless design and forward-thinking
sustainability, the home welcomes you with modern essentials
including a heated driveway and dedicated EV charging. Inside, the
main level features soaring 10-foot ceilings, an expansive
reception foyer, formal dining, a private study, and a sunlit
family room anchored by a floor-to-ceiling stone fireplace. At the
heart of the residence, the culinary kitchen is outfitted with an
elite Sub-Zero and Wolf suite, dual Miele dishwashers, and a
breakfast alcove that flows directly out to an expansive covered
patio. A bespoke mudroom provides seamless transition to the
oversized three-car garage. The second level is dedicated to
private comfort, offering four en-suite bedrooms with custom
walk-in closets, highlighted by a serene primary retreat featuring
a private balcony and spa-caliber bath. Above, the fully finished
third level provides an expansive playroom or flexible lounge with
a dedicated full bath. Designed for comprehensive entertaining and
wellness, the walk-out lower level serves as a private club retreat
complete with a wet bar, wine room, fitness studio, media space,
and a fully appointed fifth guest suite. Positioned just minutes
from Waban Village, the Green Line T, elite public and private
schools, and major routes into downtown Boston.
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.
To Settle Estate. Great Location! Selling as Land Only. DO NOT ENTER THE HOUSE. House on the property has been condemned by the Fire Marshal. It will be the responsibility of the Buyer to demolish and remove house. Buyers to do their own due diligence. All Offers, if any, are due by Tuesday September 3, 2024 by 2:00 p.m.
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