3 Orchard Lane
About This Property
For those seeking productivity, a thoughtfully designed first-floor office offers a private sanctuary for work or study. Ascending the staircase to the second floor, you'll find generously proportioned bedrooms that offer both comfort and space for personal retreat. The master suite stands as a true oasis, featuring a spacious walk-in closet, a tranquil sitting area, and a spa-like master bathroom that promises moments of relaxation and rejuvenation.
The pleasures continue within the lower level of the home, where a full finished basement awaits your desires. Stay active in the well-appointed gym, or indulge in cinematic experiences within an area that you can easily make a movie theatre, ensuring entertainment options for every taste.
Stepping outside, the meticulously landscaped exterior invites you to a private, park-like haven. An inground concrete pool takes center stage, providing refreshing escapes on hot summer days. The expansive patio with an outdoor kitchen offers the perfect backdrop for hosting al fresco gatherings, creating an atmosphere of sheer delight for family and friends.
Beyond the bounds of this splendid property, Colts Neck's excellent school system and abundant shopping and dining options ensure a convenient and enjoyable lifestyle. Embrace the opportunity to make this exquisite residence your very own, where luxury and comfort converge in perfect harmony.
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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 |
|---|---|---|---|
| Jun 10, 2024 | Sold | ||
| Sold | |||
| Feb 2, 2024 | Listed by Roman Balandin Realty LLC | $1,600,000 | |
| Listed by Roman Balandin Realty LLC | |||
| Feb 1, 2024 | No longer available | - | |
| No longer available | |||
| Oct 6, 2023 | Price Decreased |
$1,650,000
↓ $50K
(2.9%) | |
| Price Decreased | |||
| Sep 17, 2023 | Price Decreased |
$1,700,000
↓ $50K
(2.9%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017