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15220 REDGATE DRIVE
About This Property
Tucked on a quiet cul-de-sac in the heart of Stonegate, this open and inviting custom built home sits on more than three-quarters of an acre and enjoys a peaceful natural setting surrounded by woods, with a fully fenced backyard offering space for outdoor enjoyment and play.
The main level offers a spacious and functional layout featuring a large family room with a wood-burning fireplace and access to the expansive wrap-around composite deck, providing the perfect place to relax and enjoy the surrounding setting. The main level also includes a separate living room or study, a formal dining room, and an eat-in kitchen with stainless steel appliances, along with a convenient main-level laundry room.
Upstairs, the home offers four generously sized bedrooms, including an impressive primary suite with a large ensuite bath, two walk-in closets, and a versatile sitting room or office.
The fully finished walk-out lower level provides exceptional additional living space with a full bath and two oversized closets-ideal for a recreation room, home office, fitness area, or flexible bonus space. A covered patio offers another place to relax while overlooking the wooded backdrop. The lower level also includes a large storage room and a separate workshop.
The oversized two-car attached garage offers plenty of room for vehicles, storage, and hobbies, along with additional overhead storage. Recent improvements include a new composite deck, roof, carpeting, siding, windows, sump pump, and heat pumps.
This home offers a serene setting while remaining close to neighborhood amenities, including the Stonegate Swim Club (membership conveys), local parks, shopping, and commuter routes.
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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.
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About Colesville
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017