3703 RIDGELEA DR
About This Property
As you step through the double front doors, you're greeted by an elegant foyer adorned with wainscoting, setting the tone for the refined interiors. The expansive main level boasts solid hardwood floors that gracefully guide you through a formal living and dining room, along with a versatile library or study.
The heart of the home, the spacious kitchen, has been thoughtfully updated with new quartz countertops and stainless steel appliances, while the adjacent breakfast room provides a picturesque view of the large deck and serene backyard. Prepare to be captivated by the amazing family room, featuring vaulted ceilings with skylights, a fireplace, a charming wet bar, and French doors that lead to the deck, creating a seamless indoor-outdoor experience. Additionally, the house backs up to verdant and peaceful woods, offering unparalleled privacy and seclusion, making it a true oasis to escape the hustle and bustle of everyday life.
Ascending to the second floor, you'll discover a haven of comfort with brand new carpeting throughout. The expansive primary suite surpasses expectations, offering a sitting room with a cozy fireplace, two separate full bathrooms, and two walk-in closets, providing unparalleled luxury and space. Three additional bedrooms, a full bath with an extra vanity/dressing area, and a dedicated upstairs laundry room complete the top level.
The massive walk-out basement presents over 1,700 sq ft of unfinished space, brimming with potential for future expansion and customization to suit your lifestyle. A two car garage rounds out this exceptional home which totals over 5,300 total square feet.
Conveniently located within the Mantua ES/Frost MS/Woodson HS pyramid, this residence offers easy access to Trader Joe's, Fair City Mall, the vibrant Mosaic District, and more. Commuting is a breeze with close proximity to major routes, including I-495, I-395, Route 50, and I-66, providing seamless connections to Washington DC and Northern Virginia. Come discover this amazing home in Ridgelea Hills. Offers will be reviewed Mon, January 22nd. Note: New oven/microwave (GE Model JT3800SHSS) was delayed and will be installed shortly.
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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 Mantua
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017