1729 HUTCHINSON LANE
About This Property
The main floor includes a welcoming foyer leading to a formal living room, which seamlessly connects to the dining room via a large casement opening. A fantastic family room with a wood-burning fireplace flows into both the gourmet kitchen and the rear deck, creating an ideal space for gatherings.
The large chef's kitchen showcases granite counters, a center island with a gas cooktop, exquisite cabinetry, GE stainless steel appliances, two pantries, and a sun-drenched breakfast room. This open-concept layout is perfect for entertaining. Off the kitchen, a mudroom/laundry room provides access to the attached two-car garage. The main level is complete with an airy office and a powder room.
Upstairs, the home offers four sizeable bedrooms and two full bathrooms, including a generous primary suite. The primary bedroom includes gleaming wood floors, a ceiling fan, and an attached sitting room. It also boasts a wonderful dressing room with ample closets and a luxurious en-suite bathroom with two vanities, a glass-enclosed shower, a toilet closet, and an elevated soaking tub. The upper-level landing offers a charming alcove, ideal for a desk or study area. The renovated hall bath is equipped with a double vanity and a linen closet.
The HUGE walk-out lower level offers unbelievable potential. This expansive unfinished space presents endless possibilities-imagine a recreation room, a home gym, or even an additional bedroom. Plus, a large bonus storage room, a sliding glass door to the backyard, and rough-in plumbing for a future bathroom enhance its appeal.
Outside, enjoy mature landscaping, a spacious rear deck, a new rear cedar fence, and the stately covered front porch-all contributing to the home's strong curb appeal. The Tivoli neighborhood is known for its quiet streets, sidewalks, and 11 acres of open space, along with a community center featuring a gym. Plus, it's just steps from Bel Pre Creek and minutes from shopping, schools, Brookside Nature Center, Wheaton Regional Park, entertainment, and restaurants.
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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.
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.
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About Wheaton - Glenmont
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017