14 Spruce Hill Road
About This Property
of-a-kind 13+ acre estate with a 9-acre private lake, and your own personal windmill.
5,500 sq ft Mid-Century home was extensively designed and rebuilt by Architectural
Digest top 100 architect Alexander Gorlin. Floor to ceiling windows facing the lake
create amazing views of nature from every room. A large slate stone terrace, lake
cabana and dock, along with acres of rolling lawns, wooded paths and gardens make
this the perfect private sanctuary. Just completed, $500,000 capital improvements offer
worry-free lakeside living and ownership. A spectacular property in the award-winning
Byram Hills School District, close to dining, shopping, and entertainment in Greenwich,
Armonk, and White Plains. Additional Information: Amenities:Guest Quarters,HeatingFuel:Oil Above Ground,ParkingFeatures:3 Car Attached,
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Cap Rate Calculator
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 |
|---|---|---|---|
| Dec 22, 2020 | Sold | ||
| Sold | |||
| Nov 30, 2020 | In contract | - | |
| In contract | |||
| Sep 23, 2019 | Price Decreased |
$2,500,000
↓ $250K
(9.1%) | |
| Price Decreased | |||
| May 6, 2019 | Price Increased |
$2,750,000
↑ $250K
(10%) | |
| Price Increased | |||
| May 6, 2019 | Relisted | $2,500,000 | |
| Relisted | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017