38 HERITAGE DRIVE
About This Property
Park like setting and all the "wish list" upgrades await in this perfectly located colonial in Heritage Green! New kitchen, new baths, pool, finished basement AND rear facing 15 acres of greenspace! Dramatic 2 story foyer entry opens up to an office (or possible 5th bedroom) to the right and formal living on the left with access to the completely renovated gourmet kitchen with all the bells and whistles, huge center island w/seating for 4+, built in microwave, storage and pendant lighting, 42" quiet close high end cabinets, stainless appliances include 2 ovens (convection/air fryer...), dishwasher and fridge. Open floor plan flows into large dining area and family room. Luxury vinyl flooring, recessed lighting, molding detail, powder rm and laundry w/even more storage and access to garage round out the first floor. Large loft at the top of the stairs to 2nd floor offers options for music enthusiasts, gamers or 2nd office space. Primary suite hosts walk in closet (pull down stairs attic access), renovated full bath, recessed lighting and so much natural light. Plus 3 additional bedrooms w/ample closet space and large windows. This home also offers 9' ceilings throughout, 2 zone HVAC (main floor 2023), a full finished basement, patio w/structural roof, lighting and cf over hardscape that also surrounds ig pool. Greenspace views include common area, playground, walking paths that lead to local park and schools. Easy commute to PHL and Newark airports, Hamilton, West Windsor and Secaucus train stations and close to hospitals and shopping.
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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%.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 14, 2024 | Sold | ||
| Sold | |||
| Jul 11, 2024 | In contract | - | |
| In contract | |||
| Jun 17, 2024 | Listed by Keller Williams Premier Office | $1,100,000 | |
| Listed by Keller Williams Premier Office | |||
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Park like setting and all the ''wish list'' upgrades await in this perfectly located colonial in Heritage Green! New kitchen, new baths, pool, finished basement AND rear facing 15 acres of greenspace! Luxury vinyl flooring, molding detail, gourmet kit w/stainless, island seats 4, open floor plan, offc(5th BR?), formal LR, laundry & powder 1st fl. Upstairs hosts spacious Primary suite w/WIC and reno BA, 3 addt'l BRs, reno main BA, plus loft perfect for 2nd Offc or playroom. 9' ceilings throughout, 2 zone HVAC (main floor 2023), a full finished basement, patio w/structural roof, lighting and cf over hardscape that also surrounds ig pool. Greenspace views include common area, playground, walking paths to local park and schools. Easy commute to PHL and Newark airports, train stations & shops..
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017