2703 COLSTON DR
About This Property
This property features welcoming brick steps leading to the front entrance with a camera doorbell, and lots of natural light that bathes you as you enter the house through a sunroom with very large, new picture windows and a recently tiled Mediterranean-style floor. The home also features two levels of solid hardwood floors, several sun-filled living spaces, oversized and updated picture windows throughout, a wood-burning fireplace, and NEST thermostat. Also a very bright kitchen, including brand-new stainless-steel appliances, quartz countertops, Italian cream floor tile, new brass knobs, gorgeous imported Turkish tile backsplash, and modern light fixtures. The large dining and living rooms are ready to delight your gatherings of family and friends. There is an updated powder room on this first floor as well. The home has been meticulously updated with new Thompson's Creek double-pane windows throughout the house, recessed lighting and ceiling fans, and a functioning wood fireplace in the airy living room featuring attractive, large built-in shelves, crown molding, and wall sconces. Don't miss the private office off the living room with large picture windows that will help you relax as you enjoy the view of the birds and butterflies attracted to the lush front and side gardens. Upstairs you will find three bright bedrooms with closets, recessed lighting, fans, modern window shutters, and an updated bathroom with imported marble tiles/luxurious finishes and walk-in shower with a glass door. Attic access on this level.
The fully finished garden-level unit has a separate entrance & includes views of the lush backyard, checker design flooring, recessed lighting, a kitchen with custom cabinets, white appliances, one bedroom with ample closet, a full bathroom with a shower, and an extra storage closet under the stairs. This level presents a very flexible space perfect for entertaining and accommodating out-of-town-guests, an au-pair, or as an in-law suite, or rented out as an Airbnb for additional income. On this level you will find a nice den area with recessed lighting that could be used as a playroom and/or another home office space. To round out this package is the new large capacity W/D in the laundry/mechanical & storage room, where there is also a sump pump, a 2019 large-capacity hybrid water heater, a recently installed (2022) furnace & a brand new 2023 AC unit (+ a 14.1 seer condenser unit outside the home).
Additionally, this property features beautiful outdoor spaces made for entertaining, including completely fenced-in rear slate terraces and beautifully landscaped (with ornamental & fruit trees) and hardscaped rear yard that is completely level. This home is ready for your future al fresco dinner parties & your BBQs for years to come. Tons of greenery that will become your sanctuary. The home includes a shared driveway for 3 vehicles. Offered in "As-Is condition."
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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 |
|---|---|---|---|
| Oct 4, 2023 | Sold | ||
| Sold | |||
| Sep 24, 2023 | In contract | - | |
| In contract | |||
| Sep 20, 2023 | Listed by TTR Sotheby's International Realty | $999,900 | |
| Listed by TTR Sotheby's International Realty | |||
| Oct 10, 2019 | No longer available | - | |
| No longer available | |||
| Aug 9, 2019 | Sold | ||
| Sold | |||
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About Silver Spring
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$5,000 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017