2988 VALLEY VIEW RD
About This Property
This is the one you have been waiting for! Showings start Friday for this stunning Cape St. John 5 BR | 3 BA, 2 Level Rancher with lovely water views, deep inground pool and featuring over 3200 SF of comfortable interior and exterior spaces. Perfect for your buyers searching for one level living on main with guest and family quarters on the lower level. Thoughtfully remodeled in 2020 with over $225K in improvements including contemporary raised roof with lots of new windows, exterior hardscape, rear Sunroom and geo thermal heating. The open concept features cathedral ceiling, inviting Kitchen with lots of wood cabinetry, granite countertops, stainless appliances, new induction range, Laundry Room off oversized 2 car Garage and comfortable Living Room with Mandota Fireplace and programmable lighting. PatioEnclosures SunRoom added to the main level off Kitchen where you can enjoy sunsets and private views of pool, deck and patio areas, fully fenced with beautiful landscape yard and rock garden. There are 3 spacious BR's on main level including large Primary Suite with walk in closet, renovated luxury Bath and sliders to deck. The lower level offers large entertaining area off pool with tiled floors, second Kitchen and granite island, full BA, two spacious BR's and large Family Room with fireplace. The salt pool features cascading waterfall, diving board in 12' deep end and stairs to 3' shallow end, colorful programmable LED lighting and Diatomaceous Earth filter with salt based chlorine generator and is serviced locally . Oversized front load garage features 2 electric car chargers. See attached upgrade list in Disclosures.
The sought after waterfront community of Cape St. John is just off Riva Road with easy access to Annapolis and all highway routes. It is a Voluntary HOA offering its residents waterside playground and party/picnic area, pier, boat ramp and kayak storage. You can boat to the Chesapeake Bay in less than 30 min or to Mikes Crabhouse in 5 minutes.
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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.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017