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2997 Needham Court
About This Property
The festivities continue inside with an oversized Media Room complete with platformed recliners, a service bar, and plenty of room for games and fun. A built in den/study area offers a place to organize a home office for the family. Just off the Media Room is a bonus room perfect as a sports gym, exercise room or a 6th bedroom. A full size bathroom completes the wing of the home. There is also an upstairs laundry room.
The entry foyer of the home brings you into beautiful lake views and a spacious living room with fireplace. The main level floor plan is designed for the owner to determine the use of spaces for formal and informal dining, family gathering, and media use. A gourmet kitchen of white wood cabinets is complete with top of the line appliances by Subzero, Viking, Bosch, Franke, and Perlick. A separate pantry has sink and microwave plus downstairs laundry services. The main level is complete with two bedrooms and a "Jack and Jill" bathroom and a separate powder room.
The second floor includes the Master Suite, two bedrooms with a "Jack and Jill" bathroom, the study, Media Room, exercise room & laundry a full bath. The Master Bathroom offers a separate marble shower room, a custom spa bath tub, and marble vanity with dual sinks. A custom floored balcony runs the full distance of the home just off the Master to further enjoy the water location.
Epoxy finished floors throughout the 3 car garage with hurricane rated garage doors completes the home. Lush landscaping abounds.
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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.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 3, 2019 | Sold | ||
| Sold | |||
| Oct 11, 2018 | No longer available | - | |
| No longer available | |||
| Aug 13, 2018 | Listed | $1,265,000 | |
| Listed | |||
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Stunning Water Views Await! Located on a cul-de-sac in the highly sought after ANDOVER community, the residence offers 115 feet along a tranquil lake. Customized by the current owners using designer finishes, the home invites festive entertaining with its spectacular pool complete with a water slide, waterfalls, a heated spa, plus a Tiki Hut with entertainment bar and ''Fire Magic'' gas grill and condiment burners. The festivities continue inside with an oversized Media Room complete with platformed recliners, a service bar, and plenty of room for games and fun. A built in den/study area offers a place to organize a home office for the family. The manager has listed the unit size as 4185 square feet.
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| Jul 18, 2018 | Listed by The Corcoran Group | $1,199,000 | |
| Listed by The Corcoran Group | |||
| Mar 30, 2012 | Sold | ||
| Sold | |||
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About Andover
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017