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16451 Norris Road
About This Property
9.19 acres; 9.65 including the road, which is not included in the deed unlike other Rustic Ranches properties.
Near entrance to Preserve and trail to horse show.
Wellington water; septic system; buried electrical line.
Custom designed and built home 2013.
3700 square feet under air.
12-foot ceilings majority of house.
4 bedrooms; 3.5 bathrooms; very large professional kitchen; counter bar; island seating; open dining room; living
room; office; mud room; large laundry room with extra refrigerator and storage.
Kitchen includes professional gas 6 burner plus grill range; with 2 electric ovens.
Wine storage.
Numerous custom closets and storage.
Foyer entrance; gallery hall.
Plantation shutters.
Marble floors main living areas. Wood tile planks and ceramic tiles mud room, office, some bathrooms.
Rain proof loggia and screened porch overlooking garden, lawn, paddocks and pond beyond.
1500 square foot 3 bay garage, plus work area, with insulated attic for potential future studio apartment.
Impact glass doors and windows through out.
Stand by generator supports majority of house including both A/C units, kitchen, living room, master bedrooms
suite and office. Fueled by 1000 gallon propane tank (buried).
Two tankless gas hot water heaters for unlimited hot water and low utility costs.
House and garage attics spacious and insulated to keep energy bill low.
Tubular skylights.
Lutron (customizable) interior lighting and automatic outside lighting.
Electrical conduit to gated entrance for future electric gate and/or lighting.
Extra electrical panel for future pool and/or additional landscape lighting.
Propane hook up in loggia for future propane grill and/or fireplace.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017