2804 PHEASANT LN
About This Property
Turn into your long private driveway with ample parking space for family and guests. The flagstone walkway lined with perennials leads you through the front door and into the tiled spacious foyer, with entry closet and convenient powder room. Freshly refinished natural oak hardwood floors run throughout the expansive living, dining, and flex rooms. The kitchen was just recently renovated with brand-new cabinetry and laminate countertops, and upgraded waterproof LVP flooring to match the refinished hardwoods. The table-space kitchen includes stainless appliances and connects directly to the dining room, featuring a built-in bookshelf, overhead chandelier, and french doors leading out to the rear flagstone patio with a beautiful view of the backyard, barn, and pasture area. There is a step down from the dining area into a sunken great room featuring large format porcelain tile, ample windows and a cozy wood-burning fireplace. Follow the oak stairs up to the second level which has a rare 5 bedrooms and 2 full baths! There are natural oak hardwoods throughout this level as well. The Primary Suite has large picture windows overlooking the backyard, a large walk-in closet and attached ensuite private full bath with updated tile. The remaining 4 spacious bedrooms have great closet space as well, and share the large hallway bath, also with renovated tile. This property sits on over 4 acres- a manageable size while being large enough to enjoy horses with the benefit of a electric fenced pasture featuring a barn with stables, electric, and running water. The property also has an invisible fence, all you need are collars for your dogs! Updates include fresh paint, freshly refinished hardwood floors, new Kitchen cabinets and countertops, new LVP flooring in the Kitchen, all in 2023. The architectural roof was installed by the previous seller in 2016, along with Andersen Renewal windows and an insulated front door. HVAC was replaced in 2011, hot water heater in 2017. A brand-new septic system was installed at our seller's time of purchase in 2018, along with a new well pump, and an active radon remediation system. Interior stairs lead down to the unfinished basement with high efficiency washer and dryer, plenty of open space offering an opportunity for future finishing or just expansive storage. A rear insulated door leads up the walkout stairs to the rear patio and backyard. Take the opportunity to make this rare property your own. Don't forget to view the virtual tour!
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Cap Rate Calculator
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 23, 2024 | Sold | ||
| Sold | |||
| Jan 9, 2024 | In contract | - | |
| In contract | |||
| Dec 12, 2023 | Price Decreased |
$700,000
↓ $40K
(5.4%) | |
| Price Decreased | |||
| Nov 10, 2023 | Price Decreased |
$740,000
↓ $35K
(4.5%) | |
| Price Decreased | |||
| Oct 17, 2023 | Listed by Long & Foster Real Estate, Inc. | $775,000 | |
| Listed by Long & Foster Real Estate, Inc. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017