Tucked away on four glorious acres beyond charming stone walls,
bluestone walkways and a circular drive, this distinctive home
offers a rare combination of privacy, character, extensive modern
improvements, and resort-style outdoor living. The history of the
home can be traced to the November 1963 edition of The American
Home magazine, where the original house design and plans were
featured. The home appears to have been constructed from that
published design, giving it an interesting connection to an era
when nationally published architectural plans helped shape American
residential design. Since purchasing the property in 2003,
the current owners have carefully improved and updated the home
while retaining much of the character of its original design.At the
heart of the home is a custom-renovated kitchen featuring
floor-to-ceiling solid maple Kitchen Maid cabinetry, two large
pantries, wide-plank ash hardwood flooring, and professional-grade
appliances. The kitchen was designed with both everyday
functionality and entertaining in mind. Comfort and infrastructure
have also received significant attention. The home features two
independent central air-conditioning systems providing dual-zone
whole-house cooling, 21 replacement windows, generator transfer
panel, and an upgraded 200-amp electrical service. Hardwood
flooring is prevalent throughout the home, including red oak
flooring in the main bedroom, an upstairs bedroom, and the main
foyer.All three bathroom areas have undergone renovations,
including a complete spa bath renovation featuring a seamless glass
shower and soaking tub. The primary ensuite is further
enhanced by a permanently installed gas fireplace, creating a warm
and comfortable retreat. A 19' x 38' in-ground swimming pool with
saltwater system serves as the centerpiece, surrounded by extensive
concrete decking, patios and walkways. The pool area is enclosed by
attractive black powder-coated metal fencing and complemented by
established landscaping, composite decking, and the surrounding
wooded property. The outdoor entertaining area extends well beyond
the pool. A built-in outdoor kitchen and bar provides a dedicated
gathering space with a built-in grill, refrigerator and gas fire
feature. A wood pergola defines the space. A custom masonry
smokeless fire pit provides another gathering area for evenings
outdoors, extending the enjoyment of the backyard well beyond pool
season.A Hot Springs Vanguard spa completes the resort-style
setting and provides a place to relax throughout the year.
Together, the pool, spa, outdoor kitchen and bar, pergola, pool
house with outdoor shower, masonry smokeless fire pit, patios and
surrounding wooded acreage create a private backyard oasis designed
for entertaining, relaxing and enjoying the outdoors. Ideal
location close to all amenities and commuter routes. This is
one of those story-book homes that rarely come on the market...
Come for a visit and you will surely fall in love!
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.
Parking Features: Driveway, Garage, Garage Door Opener
Garage Spaces: 2
Interior Details
Full Bathrooms: 3
Interior Features: Built-in Features, Crown Molding, Eat-in Kitchen, Entrance Foyer, Granite Counters, In-Law Floorplan, Kitchen Island, Pantry, Master Downstairs, Recessed Lighting, Soaking Tub, Storage, Walk-In Closet(s), First Floor Bedroom, First Floor Full Bath, Chefs Kitchen, Formal Dining, Original Details, Primary Bathroom, Washer/Dryer Hookup
Appliances: Dishwasher, Dryer, Gas Range, Microwave, Refrigerator, Stainless Steel Appliance(s), Washer, Water Softener Owned
Flooring Type: Ceramic Tile, Hardwood
Rooms: 8
Has Fireplace
Fireplace Features: Bedroom, Gas, Living Room, Wood Burning
Fireplaces: 2
Basement: Full, Unfinished
Exterior Details
Square Footage: 2352
Square Footage Source: $0
Property Condition: Updated/Remodeled
Architectural Style: Cape Cod, Colonial
Year Built: 1966
Building Area Total: 3352
Levels: Two
Building Area Units: Square Feet
Construction Materials: Frame, Vinyl Siding
Pool Features: In Ground, Outdoor Pool, Pool Cover, Pool/Spa Combo, Salt Water
Pool is Private
Lot Features: Back Yard, Cleared, Front Yard, Landscaped, Level, Near Golf Course, Near Public Transit, Private, Secluded, Views, Near School, Near Shops, Stone/Brick Wall
Lot Size Area: 174240
Lot Size Units: Square Feet
Lot Size Acres: 4
Lot Size Square Feet: 174240
Water Source: Well
Financial Details
Tax Assessed Value: $500,700
Tax Annual Amount: $12,048
Utilities Details
Cooling Type: Central Air
Heating Type: Baseboard, Hot Water, Oil
Sewer : Public Sewer
Building Info
Overview
General
Year Built:
1966
Effective Year Built:
1966
Total Rooms:
8
Bedroom Count:
4
Bathroom Count:
2
Full Bathrooms:
2
Partial Bathrooms:
2
Building Condition:
6
Building Quality:
7
Construction Type:
0
Building Style:
4
Exterior Walls Type:
17
Interior Walls Type:
0
Roof Shape Type:
0
Roof Cover Type:
15
Floor Count:
150
Floor Cover:
0
Basement Type:
2
Basement Area:
0
Garage Type:
1
Garage Square Area:
672
Parking Space Count:
2
Patio Type:
0
Porch Type:
7
Pool Type:
10
Dimensions
Lot Size Square Feet:
174,240
Total Building Area:
2,352
Building Area:
2,352
Building Area Measurement:
L
Heating and Cooling
Fireplace Count:
1
Air Conditioning:
1
Heating:
10
Heated Square Feet:
2,352
Heating Fuel Type:
6
Utilities
Sewer System:
4
Water Service:
5
Building
Building Type:
0
Property Class:
R
Land Acres:
0000004000
Standard Land Use Code:
1001
County Land Use Code:
210
Legal Description 1:
4 AC 1201 0495
Neighborhood
School District Name:
Wappingers Central School District
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