3601 TUPELO PLACE
About This Property
Original details of the house have been married with sleek contemporary design elements, seamlessly blending two worlds and filling these exceptionally private spaces with natural light. Extensive large windows offer vistas of the gardens further contributing to the serenity with skylights bringing moonlight as well as daylight to the upper floor. Whether entertaining formally or informally, the spacious rooms lend themselves to hours of pleasure and, with the temperate Northern Virginia clime, can allow the frivolity to extend to the terraces and gardens for most of the year. Every detail of the wide renovation has been carefully considered including new wood flooring throughout, lush bathrooms with elegant tile work, Porcelanosa vanities and Lacava sinks and a handsome kitchen offering charcoal lacquered cabinets, quartz counters and Viking stainless appliances. On opposite ends of the main level are two bedrooms with private baths creating excitement for potential one-level living. The primary bedroom with deck overlooking the Tupelo homes includes a dressing area and luxurious bath with heated floors. Ascending steps lead to an office with second deck overlooking the serene gardens. The additional main floor bedroom's bath is wheel chair accessible. Formal living and dining rooms are augmented by an office/den with patio, family room opening to the central terrace, half bath and the "wow" kitchen. A large playroom with loft and three additional bedrooms as well as two full baths enjoy the upper level. The lower level with walkout stairs to the gardens offers a recreation room and full bath. Ah, the pool house. It remains "your oyster" for use. With a full bath and kitchenette as well as a large game room, it supplements the pool area nicely. However, it does convey "as is." The property's private brick lined driveway opens to a wide circle making guest parking a snap while residents avail themselves of two carport spaces as well as two garage spaces. It's a blissful haven ... awaiting YOU!
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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.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
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About Seminary Hill
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017