1504 WAKE FOREST DRIVE
About This Property
As you step inside the columned entrance hall, you'll discover a sophisticated space for entertaining family and friends. The formal dining room is just off a large granite-countered kitchen which offers great culinary work space and a convenient stand-alone island for a casual meal. As you continue down the full-length hallway you are drawn into the warm and welcoming great room with its cozy woodburning fireplace, architectural built-ins and French doors out to the bluestone patio overlooking parkland.
Elegant hardwood is found on the main level and upper floors. As you ascend the stairs to the next level, you will find 3 bedrooms and 2 baths, each with great closet space. The best surprise awaits on yet another level with the spacious, light-filled primary suite. It offers its own sitting area/home office with built-in bookshelves, a private spa like bath, a walk-in closet and an enormous bedroom with a cathedral ceiling and ample space for additional seating. There is also additional storage in a large attic beyond the primary suite.
The lower levels continue to offer more surprises around every corner. The recently renovated family room has stylish wood laminate floors, a full walk-in wet room bath and walk out access to the patio and large, fenced backyard. The next lower level provides a spacious laundry room along with another room that is perfect as either an exercise studio, a craft room or storage. The lower level is completed with a large room that the current owners use as an art studio and workshop.
The home perched on its attractive corner lot backing to parkland, is perfectly situated near to local schools, shopping and the Mount Vernon Trail while providing easy access Old Town or Washington, D.C.
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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 |
|---|---|---|---|
| Mar 21, 2022 | Sold | ||
| Sold | |||
| Feb 11, 2022 | Listed by Corcoran McEnearney | $1,075,000 | |
| Listed by Corcoran McEnearney | |||
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About Belle Haven
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017