1603 Stony Point Road
About This Property
There hasn't been a ranch in South Wall this nice in a long time. Deceiving from the front, this beauty has a spacious addition in the rear and overlooks a resort like, fenced, private yard with updated pool, stamped concrete, and an inclosed, outdoor shower, This home has been updated and meticulously maintained. Wood floors, gas fireplace, & a wall of windows to yard. Ample Master BR has walk-in closet with washer and dryer & direct access to attached nursery or gym.
The finished basement has a full kitchen and bar, making it the perfect party space. Truly a turn key home. Feature list: Anderson windows, Great Room picture window 2 years ago, Upgraded trim and moldings, new floor in Great Room 2018, fireplace changed to gas in 2019,epoxy garage floor 2 years ago, interior painted 1-5 years ago, Full finished 1500 SF BSMENT w/ kit and wet bar, new tankless water heater in 2020, washer/dryer 18 months old, dishwasher 18 months old, pool remodeled last year, liner, filter, stairs, cement surround, cover, (5,500.00). new A/C compressor approx 2 years ago, stamped concrete and walkway was $40,000, front of house was upgraded approx 2 years ago with stonework and new bluestone step and porch.
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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.
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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 |
|---|---|---|---|
| Sep 10, 2021 | Sold | ||
| Sold | |||
| Jul 28, 2021 | Listed by Diane Turton, Realtors-Point Pleasant Boro | $1,199,000 | |
| Listed by Diane Turton, Realtors-Point Pleasant Boro | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017