346 RUSTIC WOOD DR
About This Property
impeccable property sits on a large corner lot in the first phase of the development. Step through the
front door into warm spacious surroundings. From the wainscotting, tray ceilings, and crown molding
throughout, to the upgraded KitchenAid appliances with both a gas range and oven as well as electric
wall oven and microwave. Settle into the Great Room experiencing the linear fireplace flanked by
custom shelving and cabinets while gazing at the expanded outdoor living area with large screened
porch featuring a corner gas stone fireplace. Step out the back door onto the large custom designed
patio with sitting walls and ambient night lighting surrounded by custom designed gardens.
This home was built in 2022 with many upgrades including all stone and ceramic tile baths, upgraded
matching cabinets and granite countertops throughout the entire home. The Owners Suite has
extended footage creating a sitting area. Enter the walk-in closet from bath or exit other side to custom
dressing room with built-in wardrobe with coveted additional closet space. Enjoy extra storage space in
the garage with custom built cabinetry, shelving, and countertop space. Combine all of this with the Amblebrook Community amenities: indoor and outdoor swimming pools, large jacuzzi, walking trails, green spaces, fitness facilities, fire pits, amphitheater, bocce ball, art studio, interactive kitchen, ponds with fishing dock, outdoor kitchen, tennis courts, outdoor and indoor pickleball courts, an interactive kitchen, game room, and theater. Meet new people and find warm and meaningful relationships, and so much more. This home is designed for the discerning owner who is looking for comfort, convenience, and beauty. Perfect for just relaxing as well as entertaining. The owners enhanced the value of this property by after-settlement improvements, i.e., professionally painting the entire interior, adding the patio, finishing garage and porch floors, and adding custom cabinetry. The original cost of this home was $816,000. It can be yours for $759,000. The owners have decided they want to be closer to their grandchildren and are selling at a discounted price. Don't miss out on this terrific offer. Come and see it today!
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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 |
|---|---|---|---|
| Jul 9, 2024 | Sold | ||
| Sold | |||
| May 1, 2024 | In contract | - | |
| In contract | |||
| Apr 22, 2024 | Price Decreased |
$759,000
↓ $131K
(14.7%) | |
| Price Decreased | |||
| Apr 11, 2024 | Listed by Northrop Realty | $889,900 | |
| Listed by Northrop Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017