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Map
1402 THURSTON ROAD
About This Property
Inside, you'll find recently upgraded bathrooms with elegant Toto toilets and recently replaced sink faucets. Enjoy a recently added Starlink internet connection for fast, reliable service. The recently replaced Andersen and Marvin windows, Western Red Cedar ceilings, and extensive recessed/track LED lighting are just a few of the features that make this home truly unique. The property also boasts 6-zone heating and 3-zone cooling, geothermal heating/cooling with optional gas heat, and a condensing gas boiler. The updated kitchen includes granite counters and cherry cabinets. A glass porch with flat panel baseboard heating, a second-floor bedroom suite, and a sunroom with an in-floor 350-gallon spa are just a few more features that add to the home's appeal. The property also includes a 2 ½ car heated and cooled garage, a new 20KW whole house LP gas generator, and 1,000 and 500-gallon inter-connected LPG storage tanks. Recent updates also include an updated well pump and electronic subdrive. Hardie Shingle Siding and extensive Arizona Slate walkways complete the exterior of the home. In addition to the main house, there is a 3-bay garage-accessory structure with 800 SF of unfinished living space that features a recently added standing metal seam roof. This structure also has electric and water connections to the main house. Currently, the property is taxed under the Maryland Agricultural Use Program. The buyer will have the opportunity to continue with that program and keep these amazingly low taxes. This is a stunning property with a beautiful home and extensive outdoor amenities!
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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%.
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 |
|---|---|---|---|
| Mar 27, 2026 | In contract | - | |
| In contract | |||
| Mar 1, 2026 | Listed by LPT Realty, LLC | $2,170,000 | |
| Listed by LPT Realty, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017