29868 NICHOLAS WAY
About This Property
Thoughtfully designed with comfort and convenience in mind, this beautifully maintained home offers nearly 1,900 square feet of bright and functional living space. The floor plan is ideal for everyday living and entertaining, with two main-level bedrooms including a spacious primary suite featuring a walk-in closet and an ensuite bath designed for accessibility, complete with a roll-in shower and lift system.
At the heart of the home is the open kitchen with a center island, Corian countertops, and easy-care luxury vinyl tile flooring, flowing seamlessly into the living room where a gas fireplace creates a warm and welcoming focal point. Just beyond, the sunroom opens to the rear patio and fills the home with natural light, creating the perfect place to relax with a book or enjoy guests year-round. A separate front office or sitting room with custom built-ins adds flexibility and charm.
Outside, the setting is just as special. The .25-acre corner lot is framed by a classic white picket fence and backs to peaceful woods, offering privacy and a beautiful natural backdrop. Enjoy outdoor living on the spacious rear paver patio or start your mornings on the full-length front porch.
Additional highlights include an oversized two-car garage with attic storage, custom closet systems, central vacuum, alarm system, irrigation, and a Gutter Helmet system for low-maintenance living.
Residents of Chesapeake at Easton Club East enjoy an exceptional lifestyle with beautifully maintained grounds and resort-style amenities including a clubhouse, fitness center, ballroom, game and craft rooms, private junior Olympic pool, tennis courts, putting green, horseshoe court, scenic walking trails, and six charming pocket parks with gazebos and ponds.
Ideally located just minutes from downtown Easton and within easy reach of Annapolis, BWI, and Washington, DC, this is Eastern Shore living at its best-comfortable, connected, and wonderfully easy.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017