39 Martin Drive
About This Property
With 3 bedrooms and an overflow guest room on the lower level, this home has a cozy and spacious vibe. There are three full bathrooms, one on every level.
Entering the home from the deck, the vaulted 20' ceiling in the living room creates an impressive great room. This is the great room in which friends and family are hosted, where daily meals are taken. The recently renovated kitchen has a large island for quick meals. A huge dining table can easily accommodate 10. Just off the front of the house is the large front deck, accessible through two doors, which comes the de facto summer dining room. The other half of the great room is a seating area and powerful wood stove. Light comes in from various directions thanks to the high windows.
Down the hall and past the kitchen are two bedrooms and a bathroom. The bedrooms are both super roomy, one of them easily swallowing a king bed. The other is currently set up as a children's room and has all the playfulness one would want their child to spend time in.
The primary suite upstairs is a delight. There is ample room for a king bed, recently built-in storage, dressers, seating area and a deluxe bathroom. Overlooking the great room one can cry for Argentina, pine for Romeo, or be king/queen of the world. The bathroom has a soaking tub with water jets. There is a separate walk-in shower too.
Downstairs in the full, finished basement is the 4th option for sleeping or an office. Or both - currently there is a queen size bed and a desk. The recently added 3rd bathroom is adjacent and has a tiled shower. The den area is a great place for streaming a favorite series or gaming with the kids. There is a large mudroom as well with large closets and storage. The washer/dryer is also there contained in a nicely sized utility room.
Composed of 2 different lots, there is over 300' of Toasperns Pond frontage. The secondary lot is buildable. There is easy access to the water, so plopping in a canoe or kayak is a sinch. Paddle around or take a dip in this non-motorboat lake. There is a wood-fired hot tub near the shore. Additional Information: Amenities:Guest Quarters,Stall Shower,
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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 |
|---|---|---|---|
| Apr 14, 2023 | In contract | - | |
| In contract | |||
| Mar 30, 2023 | Listed by Country House Realty Inc | $675,000 | |
| Listed by Country House Realty Inc | |||
| Apr 23, 2020 | Sold | ||
| Sold | |||
| Oct 23, 2019 | Price Decreased |
$274,000
↓ $25K
(8.4%) | |
| Price Decreased | |||
| Sep 6, 2019 | Price Increased |
$299,000
↑ $25K
(9.1%) | |
| Price Increased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017