2103 Gerda TERRACE
About This Property
Discover a world of luxury as you step inside this contemporary abode, where HIGH CEILINGS and HARDWOOD FLOORS pave the way through a SPACIOUS OPEN FLOOR PLAN. A chef's dream awaits in the GOURMET KITCHEN, boasting GE MONOGRAM APPLIANCES, a GAS RANGE, DOUBLE OVENS, and an OVERSIZED QUARTZ-TOPPED ISLAND. The BUTLER'S PANTRY is complete with a WINE COOLER and direct access to the FORMAL DINING ROOM.
The elegance continues in the MASTER SUITE, a true sanctuary featuring a SITTING AREA and a SPA-INSPIRED ENSUITE with a FREESTANDING SOAKING TUB, DUAL VANITIES, and a WALK-IN SHOWER with DUAL RAIN SHOWER HEADS. The home office, with its FRENCH DOORS, provides a quiet and refined space perfect for remote work or study. An additional den/office on the FIRST FLOOR offers the FLEXIBILITY to convert into a 5TH BEDROOM with the simple addition of a closet.
Outside, indulge in the Florida sunshine with a dip in the FENCED IN PRIVATE POOL or unwind on the COVERED LANAI, now complete with ELECTRIC SHADES that descend at the push of a button, ensuring your comfort and privacy are always at your fingertips.
With its PROXIMITY TO PRINCETON AND EDGEWATER DRIVE, the main commercial strip in College Park, you are never far from BOUTIQUES and SCRATCH KITCHEN RESTAURANTS that define the local culture. In addition to these commercial gems, the property is also just a stone's throw away from some of College Park's most cherished PARKS, including Dartmouth Park, Loch Haven Park, and Guernsey Park. These green havens offer residents an opportunity to indulge in outdoor activities, from picnics and playground visits to leisurely strolls and a multitude of live events that enhance the QUALITY OF LIFE for the homeowners.
This property, priced at $1,380,000, represents an exceptional opportunity to live in one of College Park's finest homes. DON'T MISS OUT on the chance to make 2103 Gerda Terrace your own. Schedule your showing today before its too late.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 1, 2024 | Sold | ||
| Sold | |||
| Jan 2, 2024 | In contract | - | |
| In contract | |||
| Dec 30, 2023 | Price Decreased |
$1,299,900
↓ $35K
(2.6%) | |
| Price Decreased | |||
| Dec 30, 2023 | Relisted | $1,335,000 | |
| Relisted | |||
| Dec 14, 2023 | No longer available | - | |
| No longer available | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017