278 Crimson Oak Drive
About This Property
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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%.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 15, 2025 | Sold | ||
| Sold | |||
| Mar 18, 2025 | In contract | - | |
| In contract | |||
| Mar 13, 2025 | Listed by Berkshire Hathaway HomeService | $1,695,000 | |
| Listed by Berkshire Hathaway HomeService | |||
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Stunning Newly Built Home at 278 Crimson Oak Drive in Colvard Farms. Completed in 2023, this exquisite home offers over 4,319 square feet of luxurious living space, plus an additional 500 square feet of unfinished area on the second floor—waiting for your personal touch. Nestled on a private wooded lot, the home's design seamlessly integrates with its natural surroundings, offering both seclusion and breathtaking views. Upon entry, you are welcomed by an expansive open floor plan that combines elegance with functionality, highlighted by a striking spiral staircase. The dining room flows effortlessly into the open-concept family room, which opens to the chef's kitchen. This standout kitchen boasts top-of-the-line appliances, a hidden pantry with space for an extra fridge, and a convenient ''Costco door'' for easy grocery delivery. As you enter from the garage you go through a large laundry room and arrival station into the kitchen. Adjacent to the kitchen is a spacious office, featuring built-in shelves and large windows that frame stunning views of the backyard. The owner's suite is a true retreat, offering generous space and a beautifully appointed ensuite bathroom. Upstairs, you'll find three additional bedrooms, each with its own ensuite bathroom, ensuring privacy and comfort for family and guests. A large bonus room offers the perfect spot for movie nights or family game time. The home offers built in speakers in the family room, bonus room and back porch. Step outside and enjoy the outdoors in style with a screened-in porch, complete with a built-in grill, refrigerator, and ample storage for utensils. Large sliding pocket doors open seamlessly to the porch, creating an ideal flow between indoor and outdoor living—perfect for entertaining or simply relaxing while soaking in the peaceful wooded backdrop. This home is packed with energy-efficient features, including foam insulation, a tankless water heater, and a central air vacuum system, ensuring modern comfort and convenience. It was awarded an energy star rating resulting in low energy consumption. Other features include, fenced backyard, irrigation system, whole house water treatment system, built-in insect control system, EV charging station in garage, and walk in sealed crawl space for extra storage.
Whether you're looking to make this home your personal sanctuary or expand the unfinished space into something uniquely yours, 278 Crimson Oak Drive offers endless possibilities.
Colvard Farms offers a variety of amenities, including paved walking trails, an updated clubhouse, a newly renovated pool, and tennis/pickleball courts. Visit 278 Crimson Oak Drive today to discover what this stunning home has to offer!
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| Jul 20, 2021 | Sold | ||
| Sold | |||
| Jun 9, 2021 | Listed by Berkshire Hathaway HomeService | $290,000 | |
| Listed by Berkshire Hathaway HomeService | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017