1510 CATBRIAR WAY
About This Property
Step into your new adventure in luxurious, one-level living designed just for the 55+ crowd with a taste for the finer things in life. This gem is not just a home; it's a lifestyle upgrade, complete with all the modern comforts and amenities you've been dreaming about! Picture this: a spacious, flexible floor plan that's perfect for entertaining your friends or just enjoying a cozy night in. The kitchen is a chef's delight with a gas cooktop, built-in microwave, and wall oven. Think of all the gourmet meals you can whip up! The living room, with its high ceilings and natural light, is your new favorite spot, featuring built-in cabinets and a gas fireplace that's just begging for some good books and great company.
Your main level boasts a luxurious master suite, a guest bedroom, two full baths, a stunning laundry room, and a den – all the space you need for easy, one-level living. Step out onto your large screened back porch and imagine the endless outdoor dinners and lazy afternoons you'll enjoy. But wait, there's more! Head upstairs to find another guest bedroom, bath, and a spacious bonus room/office. Perfect for when the grandkids visit or for pursuing your hobbies. Plus, there's a full-footprint unfinished basement with rough-in plumbing – perfect for storage or transforming into your dream rec space.
These owners have crafted some beautiful custom features since their purchase. These include automated blinds, plantation shutters, smart home technology, built-ins, the screened porch addition, and other thoughtful details throughout. All major systems were installed within the last 4-5 years, ensuring peace of mind and energy efficiency.
Living here means you're part of a vibrant, amenity-packed community. For just $263/month, dive into a world of fun with access to a clubhouse, an indoor pool, an outdoor pool, and loads of social events. Love staying active? We've got tennis courts, pickleball, bocce, and more. The south-facing home ensures your days are filled with natural light, and the proximity to paved emergency access/pathways creates the bonus of an extra spacious side yard. Conveniently located close to Washington DC, Annapolis, and Baltimore, you'll also find a plethora of shopping, grocers, hospitals, and doctors' offices within 15 minutes of home.
Embrace the opportunity to live in this exceptional property and join a community where every day feels like a vacation.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017