3333 N GLEBE RD
About This Property
The stately front entry opens to a warm and elegant foyer with a handsome staircase and heated oak parquet floors that are featured throughout the house. The foyer leads to a double-sized living room that offers a beautiful central fireplace with marble surround, hand-crafted crown molding, custom built-ins, and light-filled bay windows that overlook the rear grounds.
The grand dining room, adorned with an oversized bronze chandelier, comfortably accommodates dinner parties for 12 or more guests. A sunlit game room and bar adjoin a striking family room with coffered ceilings, an oversized fireplace, reclaimed antique pine floors, a wall of windows, and French doors that open to a welcoming stone terrace.
The expansive eat-in kitchen features ample space and storage as well as the comfort of heated tile floors and leads to the dining room as well as a back staircase providing access to a private au pair ensuite on the second floor.
A stunning wood-paneled library with its own fireplace offers the opportunity for quiet reading or undistracted professional work from home.
A spacious first-floor guest bedroom with an adjoining full bathroom, as well as a half bathroom, complete the main level.
Upstairs, this home offers truly comfortable living with five large bedrooms and four bathrooms, including the luxurious primary suite with a sitting area, spacious closets, and a marble bath. An oak stairwell provides access to the finished third level, with a charming window seat, and is ideal for use as an office or playroom.
The lower level, accessible via two sets of staircases, features a spacious recreation room that is ideal for watching sporting events and movies, an exercise room that incorporates a fourth fireplace and a gorgeous marble-tiled half kitchen that includes two beverage refrigerators, sink, custom-built cabinetry, granite counters, and a washer and dryer. Additional amenities on the lower level include a wine storage room and a half bath.
The private exterior offers a spacious flagstone terrace perfect for entertaining and is framed with a stone sitting wall, overlooking a sweeping grass yard, which could accommodate a pool, a canopy of mature Oaks and Ginkgo trees as well as an adorable custom cedar-shingled playhouse for children. The manicured front grounds of this showcase property are with accentuated with landscape lighting in the evening and numerous cherry trees that are stunning when in bloom. The property includes a three-car garage as well as both front and rear parking areas. Ideally located, this exceptional residence provides easy access to Georgetown, downtown DC, several airports, and Washington Golf and Country Club.
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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.
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.
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About Old Glebe
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$4,700 /mo
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$5,000 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017