1616 Bethlehem Road
About This Property
From the moment you step inside, you'll be captivated by the timeless charm and impeccable craftsmanship. Coffered ceilings, wainscoting, and built-ins throughout add an air of sophistication, while spacious living areas provide a warm and inviting atmosphere. The heart of the home is the kitchen, living, and breakfast nook, where soaring vaulted ceilings and a grand fireplace set the stage for memorable moments. The chef's kitchen is a dream, featuring high-end Thermador appliances, a gas range and oven, plus an additional electric oven-perfect for preparing meals for a crowd.
Designed with entertaining in mind, this home boasts a spacious media room with a dry bar, an elegant formal dining room, and multiple gathering spaces. Three fireplaces-one in the hearth room, one in the living room, and another on the screened porch with a stone floor-create an inviting ambiance no matter the season. Outside, the serene natural pond, complete with a overflow control system, which enhances the property's picturesque setting, offering a tranquil retreat just steps from your door.
The first-floor primary suite is a true sanctuary, featuring two walk-in closets and a luxurious ensuite bath, remodeled in 2017. Upstairs, additional bedrooms and flexible bonus spaces provide ample room for guests, a home office, or even a private theater. Storage abounds throughout the home, ensuring everything has its place.
Adding to the home's appeal is a detached two-car garage (with a half bath conveniently located within), providing additional storage and ample parking for guests. With modern conveniences like a whole-house generator, two tankless water heaters, and a buried 1,000-gallon gas tank, this home is as functional as it is beautiful. 10 miles to downtown Raleigh, 25 miles to RDU, and minutes to Interstate 87 with quick connections to 540/440.
Every detail of 1616 Bethlehem Road has been carefully curated to offer the perfect blend of grandeur and comfort. Whether you're hosting intimate gatherings or grand celebrations, this home is designed to elevate your lifestyle. Don't miss the chance to experience it for yourself-schedule a private tour today!
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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%.
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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017