17115 GULLWING DRIVE
About This Property
The Upper Level offers 4 extremely spacious bedrooms, highlighted by a Primary Bedroom suite with custom plantation shutters in the gabled windows next to the reading nook. The Walk-In Closet is just that - large enough to be its own den - and across from the Primary Bathroom complete with a massive, dual head Spa Shower w/ custom tile, double sinks built-into a premium vanity, and separate toilet closet. The 3 additional bedrooms are not an afterthought - as they are all large enough to spread out to sleep and study - with one bedroom including an ensuite Full Bathroom and the other two bedrooms sharing a dual-entry (accessible from a bedroom and hallway) Full Bathroom with a double sink setup. Completing the Upper Level is the separate, enclosed Laundry Room for easy access to wash comforters, clothes, and sheets.
The entertainment continues on the fully-finished walkout Lower Level w/ high ceilings - highlighted by a dedicated Theatre Room with stadium seating, built-in speakers, and a projector w/ screen. Steps away is the custom wet bar, complete with its own wine fridge and dishwasher along with under counter cabinet storage. The open Rec Room is versatile to fit an oversized sectional couch or a spontaneous game of knee hockey. As an added bonus, the Lower Level comes complete with a legal 5th Bedroom and 4th Full Bathroom for overnight or long-term guest(s). Behind three different doors you can find an abundance of storage areas for those seasonal boxes finding a place out of sight.
Indoor entertaining can move outside, highlighted by the built-in gas fireplace with half wall on the custom, stamped concrete patio under the Trex Deck overlook. A low maintenance, fully-fenced yard is accessed from both the Main Level and Lower Level. Mature landscaping kept green through multi-zoned irrigation and gardens offer enhanced curb appeal at the front and rear yards.
High-speed internet and Trash service is included in your very low ($180) HOA monthly fee, alongside resort-like amenities including a Jack Nicklaus Signature Public Golf Course, a fitness center w/ classes, Tidewater Grill, 3 swimming pools, pickleball and basketball, social facilities, over 5+ miles of wooded trails, and a boat launch. Numerous clubs are constantly gathering for adult and youth social events. Schools include Covington-Harper Elementary School and John Paul The Great private high school nearby. Prince William Courage soccer also calls Ali Krieger Sports Complex home, with lighted turf fields and a baseball diamond down the road.
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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.
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About Cherry Hill
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017