28 Colonial Terrace
About This Property
Major Structural Remodel completed around 2004 which including expansion of Family room to create a huge Great Room area tying in the Kitchen & Family room into a huge sunny and inviting space. 3rd Car Stall, and complete redo of all siding, roofing, kitchen, baths, etc. Other major improvements in heating system, including a commercial grade boiler and in-floor radiant heating system.
Between 2013 and 2016, significant additional improvements include adding a 1/2 guest bath and a main floor Laundry room. A complete garage make-over including extensive LED lighting, new doors, high-end painting, repair and epoxied huge 3-car garage floor. The garage is now a beautifully finished great space not only for cars and toys, but workshop space and play area. Generator/Main Panel upgrade allowing for use of any size of generator. Pool area updated to include Salt Water System, New Filter, New Pool Tile, Coping and Decking. The backyard is your own private oasis! Finally, new High Hat Lights & Fan Pre-Wires added to bedrooms, and conversion of all lighting to LED in whole home plus fresh paint to make this a clean bright and inviting home.
Yard:
Park like private back yard with nearly 180-degree view of woods and pasture. Pool and landscaping have been substantially updated. There is even an outside shower deck to rinse off after swimming, gardening or for washing the dog. There is plenty of patio space for lots of dining, entertaining, etc. There is a gas line and electric ready for an outdoor kitchen. The front yard is large and level with a nice front porch and a side patio for to enjoy coffee in the early morning eastern sun.
Garage:
Oversized 3-Car, with a pass thru window & bar top between the 2-car and 1-car sections. Light & bright greys and stainless steel accents throughout. Energy efficient but warm and brilliant LED lights make sure you can work or play in the garage any time of year. The Epoxied floor are beautiful and easy to clean. A high end industrial stainless sink and sprayer were also added for usability and beauty. This is a mechanics dream or someone who wants to use the garage as a giant play space.
Office:
With high-end sliding doors to provide privacy, this room makes a large and functional office, as well as a sunny retreat and guest space. Easily convertible into a bedroom with a small modification to add a closet.
Mud Room:
Just off the rear pool patio, rebuilt in 2014, uses high-end glass and aluminum sliders to close off the space as need. Added modern washer/dryer set, skylight and LED lighting. A floating sink/vanity and high end medicine cabinet make the half bath an inviting place for guest.
Basement:
Giant, 2200 SQ FT open space for play, work and storage. Best part is that access is available from main level hallway, but even better, directly from garage as well. This makes for easy access for salt deliveries, storage of pool and seasonal gear. Includes an additional Washer/Dryer set and a utility sink. Plenty of space for partial finishing while retaining endless storage and work space.
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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 |
|---|---|---|---|
| Jun 30, 2025 | Sold | ||
| Sold | |||
| May 15, 2025 | In contract | - | |
| In contract | |||
| May 6, 2025 | Listed by Heritage House Sotheby's International Realty | $1,249,000 | |
| Listed by Heritage House Sotheby's International Realty | |||
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Sprawling ranch on a .92-acre lot, offering resort-style living with a private pool and your very own mini golf green! This beautifully updated home features an open, airy layout with seamless flow between the living and kitchen spaces—ideal for entertaining. Gorgeous built-ins add charm and function throughout. Enjoy the ease of single-level living with generous room sizes, natural light, and outdoor spaces perfect for relaxing or hosting. Home offers updated bathrooms and kitchen. Finished partial basement offers flexible additional living space with gym. A rare lifestyle opportunity in a prime location! Close to NYC ferry and bus/train transportation.
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| Jun 23, 2017 | Sold | ||
| Sold | |||
| Apr 4, 2017 | Listed by Heritage House Sotheby's International Realty | $724,900 | |
| Listed by Heritage House Sotheby's International Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017