3017 PINE SPRING ROAD
About This Property
The residence offers 4 bedrooms, 2.5 bathrooms, and 2,215 square feet of living space, combining the original footprint with a dramatic butterfly-roof addition. The soaring living room and private primary suite cantilever 3.5 feet off the foundation, creating a striking architectural statement while enhancing light and space.
Completely updated, the home features new plumbing, electrical, insulation, roofing, and low-E insulated double-paned windows, along with two-zone HVAC, new furnaces, and high-efficiency water heaters. White oak floors, sealed with a low-VOC matte finish, run throughout the home. Recessed lighting and adjustable art lighting have been installed to highlight both the architecture and artwork.
The heart of the home is the open kitchen, dining, and living area. The kitchen features a large island with quartz countertops, a new stove, and a new Bosch dishwasher, and opens seamlessly to the dining area with a gas fireplace, skylights, and a wall of glass overlooking the backyard stone patio. The living room addition showcases exposed structural beams clad in ash, expansive glass walls, and ample wall space for art, along with a newly added powder room.
The primary suite is a private retreat, featuring a full wall of custom ash closets with walnut shelving and thoughtfully placed windows for maximum privacy. The spa-like primary bath includes a deep soaking tub, glass-enclosed shower, and double vanity. Three additional bedrooms offer generous storage and share a beautifully renovated full bath. All bathrooms are finished with white Italian wall tile and modernist gray porcelain flooring.
Additional upgrades include custom built-ins and doors in all closets, refinished hardwood floors, custom blinds (including motorized units in the living room), a Nest thermostat, and a fully fenced yard. Outdoor living spaces include stone patios in the front and back yards, decks with separate owner and guest entrances, and a large painted storage shed. The exterior combines restored original wood siding with cement board siding and cedar cut to match the original dimensions.
Ideally located just off Route 50, the home is close to Metro stations, the Mosaic District, and all that Falls Church has to offer-providing both convenience and tranquility in a truly architectural setting
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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