161 WILLOW OAK AVE
About This Property
Enjoy Resort Style Living in this 4 Bedrooms, 3.5 Baths Open Floor Plan that features a Great room, Dining & Kitchen area wrapped in windows on one of the most coveted lots in the community. This 'Masterpiece' Floorplan is one of the most popular, and boasts a natural gas fireplace that adds warmth and ambiance to this main social space. Entering the Great room from either the Main Foyer or Garage through the Laundry Room. The Kitchen features abundant high-quality cabinetry, new stainless steal appliances, granite counter top, and hardwood flooring. The dining area easily accommodates a crowd. The 1st Floor Main Suite features a walk-in closet and ensuite bath with jetted tub. The 1st floor also features an office, and hobby room or studio, that can easily be used as a fifth bedroom.
Upstairs, there's a huge storage access, 3 additional bedrooms, and two more full, newly renovated, baths.
An Outdoor Shower, Security System, and welcoming front porch add to the many exceptional features that blend comfort and luxury. Bear Trap Dunes is an award winning, amenity filled community featuring Indoor and Outdoor pools, Har-Tru & Hard Surface Tennis, Fitness Center with whirlpool and saunas, Multi-sports courts, Basketball, Volleyball, Beach Shuttle, HD Cable TV, Internet, Tot-Lot Playground. Bear Trap Dunes Golf Club has public play and restaurant dining. This is a rare opportunity to own a premier home in one of the most sought-after locations in the area!
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 30, 2025 | Sold | ||
| Sold | |||
| Jan 4, 2025 | In contract | - | |
| In contract | |||
| Dec 26, 2024 | Listed by Monument Sotheby's International Realty | $790,000 | |
| Listed by Monument Sotheby's International Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017