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15221 MIDDLEGATE ROAD
About This Property
Come see the sunset from your front porch at this exceptional custom built center style brick colonial with 4 bedrooms, 3.5 baths, 4 fireplaces, 9ft+ ceilings and possible in-law suite on lower level. This property is located at the end of the cul-de-sac on over a half acre lot. Major renovation in 2018 of first and second floors with sunroom addition and primary bedroom addition. Main level has beautiful maple floors throughout, a separate dining room with double sided fireplace, oversized living room with double sided fireplace, freshly painted library w/gas fireplace. Gorgeous renovated gourmet kitchen with all high end appliances, leathered granite, soft close drawers and cabinets, custom pendant lights over island with under cabinet lights and a double pantry. Off the kitchen is a 3 season sunroom addition with skylights, pine ceiling and outstanding panoramic views of the fully fenced backyard that has a wrap around paver patio. Renovated butler pantry/laundry area includes leathered granite, cabinets, washer/dryer, farmers sink that leads to the 2 car garage that has loads of storage. Primary bedroom and bath completely remodeled with a sitting area, oversized walk-in closet addition. Primary bath has a walk-in shower with glass doors and stunning porcelain tile. Fresh paint and newly refinished maple floors in the 3 other bedrooms. Lower level has a wood burning freshly painted fireplace w/ huge lounging area and a possible in-law suite with a full bath and walkout. Enjoy the bonus walk-in cedar closet that can store all your off-season clothes. Stonegate offers endless amenities with a recently renovated community pool, brand new elementary school and a community playground park with tennis courts, all within walking distance. Close to Route 200 (ICC), 95 and 495.
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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