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16724 SHEA LANE
About This Property
The upper level offers wood flooring throughout, a nice Primary bedroom with a walk-in closet, second closet, and updated Primary bath. There are 3 additional Bedrooms that all share an updated Hall bath. The spacious fully finished lower level has plenty of room for multitudes of fun, a dry-bar with beverage cooler, 3rd full Bath plus an extra large storage area with loads of convenient shelving, secondary refrigerator, and utilities.
Some of the other fantastic features include a heated and cooled detached 2-car Garage which can also be used as a great Workshop, newer "50-year roof" and gutters (2022) with transferable warranty, replacement windows, beautifully landscaped 1/4-acre lot with mature trees and low maintenance ornamental shrubs. Located in lovely Walnut Hill where you can walk to the elementary school, restaurants and shopping, great commuter access to 270, Metro (2.5 miles) and Marc train (1.7 miles), this wonderful home is just waiting for its next loving owner!
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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 30, 2024 | Sold | ||
| Sold | |||
| Sep 10, 2024 | In contract | - | |
| In contract | |||
| Sep 6, 2024 | Listed by RE/MAX Realty Centre, Inc. | $675,000 | |
| Listed by RE/MAX Realty Centre, Inc. | |||
| | |||
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Welcome to 16724 Shea Ln located in the lovely Walnut Hill neighborhood! This wonderful 4 Bedroom 3.5 Bath Colonial has been beautifully maintained and updated by its current owners! Some of the many great features and amenities include: gorgeous hardwood floors and fresh paint throughout, spacious formal Living and Dining rooms, main level Office, well-designed updated Kitchen with gorgeous granite countertops (maintenance free), new appliances, plus a Breakfast area with Pantry located just off the Family room with beamed ceiling and wood burning fireplace. The main level also includes an all-season Florida/Sunroom with vaulted ceiling, skylights and sliding glass door out to the large, secluded Deck. There is an updated Powder room plus a Laundry room/Mud room with utility sink, freezer and 2nd access to the deck.
The upper level offers wood flooring throughout, a nice Primary bedroom with a walk-in closet, second closet, and updated Primary bath. There are 3 additional Bedrooms that all share an updated Hall bath. The spacious fully finished lower level has plenty of room for multitudes of fun, a dry-bar with beverage cooler, 3rd full Bath plus an extra large storage area with loads of convenient shelving, secondary refrigerator, and utilities.
Some of the other fantastic features include a heated and cooled detached 2-car Garage which can also be used as a great Workshop, newer "50-year roof" and gutters (2022) with transferable warranty, replacement windows, beautifully landscaped 1/4-acre lot with mature trees and low maintenance ornamental shrubs. Located in lovely Walnut Hill where you can walk to the elementary school, restaurants and shopping, great commuter access to 270, Metro (2.5 miles) and Marc train (1.7 miles), this wonderful home is just waiting for its next loving owner!
| |||
| May 23, 2018 | Sold | ||
| Sold | |||
| Apr 12, 2013 | Sold | ||
| Sold | |||
Property Highlights
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About Montgomery
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017