2427 CHELMSFORD DRIVE
About This Property
The light-filled main level features nine-foot ceilings, hardwood floors and recessed lighting. The updated kitchen offers stainless steel appliances, a center island and ample table space overlooking the backyard. The adjoining family room is highlighted by a beautiful stone-surround gas fireplace, while the formal dining room is perfect for special occasions. Custom built-in cabinetry in the living room and mudroom provides character and valuable storage.
Upstairs, the spacious primary suite features high ceilings, two walk-in closets and a private bath with a soaking tub and separate tiled shower. The finished lower level offers plank flooring, a versatile recreation room and a fifth bedroom that could also serve as a home office, gym or guest room.
Enjoy outdoor living on the large private patio overlooking the beautifully landscaped 0.16-acre yard with extensive hardscaping, exterior lighting, an irrigation system and a wired sound system with mounted speakers.
Major improvements include the roof and HVAC system in 2018, dishwasher in 2021, and stove/oven and storm door in 2025. The washer, dryer, basement refrigerator, ceiling fans, blinds and draperies convey.
Walden residents can enjoy a community pool, tennis courts, walking and jogging paths, nearby parks and golf. Conveniently located in the Crofton High School district, near shopping and major commuter routes, this special property is ready for its next owners to call it home.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017