47 SPRING ARBOR DRIVE
About This Property
This beautifully maintained ranch home is located in Spring Arbor, a sought-after 55+ active community offering an abundance of amenities, including a saltwater pool, fitness center, bocce ball, library, billiards/game room, picnic area, open space, and a calendar full of planned activities and trips. Best of all, lawn care, snow removal, trash service, and even the roof and siding are maintained by the association-giving you more time to enjoy life.
Situated on one of the best lots in the community, this home is surrounded by open space to the rear, side, and across the street-providing a rare sense of space and breathing room. A welcoming front porch invites you to relax with your morning coffee while greeting neighbors as they stroll by.
As you enter the home, you'll be impressed by the 9-foot ceilings, crown molding, and hardwood floors that flow through the foyer, kitchen, dining room, and family room. The open-concept kitchen features a large island with seating and pendant lighting, 42" cabinets, granite countertops, stainless steel appliances, and recessed lighting-perfect for both daily living and entertaining. The adjoining dining and family rooms create a seamless gathering space.
Just off the family room, the bright sunroom with cathedral ceiling and ceiling fan is ideal for reading or relaxing. The primary suite offers a tray ceiling, ceiling fan, dual closets, and a spacious en-suite bath. A private office with double doors, a well-sized guest bedroom and full hall bath, and a convenient laundry room complete the main living area.
Step outside to enjoy the deck and paver patio overlooking the open space-perfect for outdoor dining or peaceful evenings. Additional highlights include an irrigation system, new A/C (2024), and a 2-car garage.
The location couldn't be better: walking distance to grocery stores, restaurants, and a movie theater, with quick access to major highways, Christiana Care's emergency facility, and everything you need for an active, low-maintenance lifestyle.
Schedule your private showing today!
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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%.
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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017