160 Old Salem Road
About This Property
Surrounded by luscious landscaping, featuring architecturally styled trees and charming small water filled Koi style ponds, the property exudes a sense of serenity and beauty that sets it apart.
The welcoming front patio, adorned with stone walls, leads your gaze to the oversized Pergola covering the front door entry, evoking a feeling of being transported to a tranquil oasis.
Stepping inside, prepare to be mesmerized by the grandeur of the open staircase, commanding attention and drawing your eyes upward with its exquisite design. As you take in the sight, a wall of sliding glass doors beckons, offering a seamless transition from the interior to the wooded backyard beyond.
The interplay of light and space creates a sense of openness and connection to nature, inviting you to explore and unwind in the tranquility of the outdoor surroundings.
As you continue exploring through the gracefully designed Living room and Dining room you will find that the Wet Bar is a perfect addition for entertaining guests.
For more casual evenings at home, the open kitchen and family room seamlessly blend together, creating a welcoming and cozy atmosphere. This harmonious space offers the perfect setting for creating cherished memories in comfort and style.
In addition, this exquisite home boasts three bedrooms, with the primary bedroom conveniently located on the main level, ensuring both comfort and convenience.
Warmth and ambiance abound with four gas log fireplaces, creating inviting focal points throughout the home. The walk-out lower level offers additional space for relaxation and recreation, featuring a play/recreation room, built-in wet bar, dining area, office, and ample storage, catering to every lifestyle need.
Practical amenities include a sprinkler system and whole house generator, ensuring peace of mind and convenience year-round. Outdoor living is a delight with an oversized screen porch, two decks, and an independent bonus room over the two-car garage. This home provides endless opportunities for enjoying the serene surroundings and entertaining guests in style all conveniently located to shopping, entertainment and major roads for easy access of everyday life.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Jan 21, 2025 | Sold | ||
| Sold | |||
| Dec 10, 2024 | In contract | - | |
| In contract | |||
| May 8, 2024 | Listed by Coldwell Banker Advantage | $695,000 | |
| Listed by Coldwell Banker Advantage | |||
| Nov 1, 2023 | No longer available | - | |
| No longer available | |||
| Oct 18, 2023 | Price Decreased |
$799,000
↓ $20K
(2.4%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017