5129 GRAVE RUN ROAD
About This Property
The cedar contemporary home blends seamlessly into its natural surroundings while offering warmth, comfort, and versatility inside. An open floor plan showcases rich wood accents and inviting tones. The kitchen, designed for gathering, features an island and newer stainless steel appliances, flowing into a family room with soaring ceilings and a wood-burning fireplace with custom doors. The main level also includes a spacious primary bedroom, a vaulted-ceiling sunroom, a full bath, and a flexible office or dining room.
Upstairs, you'll find three additional bedrooms and a recently updated full bath. The finished basement adds even more potential with a workshop and a separate media room. Major updates bring peace of mind, including a brand-new roof, newer HVAC, and multiple ductless split systems for efficient climate control. Importantly, the home offers almost 4,000 square feet of living area, which exceeds what is reflected in tax records.
Step outside and you'll see why this property is a nature lover's dream. Winding paths lead through hundreds of unique, mature plantings where butterflies dance, woodpeckers tap, and an incredible variety of birds make their home. It is a true birdwatcher's paradise, with hawks and owls soaring overhead, deer families grazing at dusk, and even the occasional fox family crossing the meadow. Multiple decks provide front-row seats to this living landscape, while a nearly-new potter's shed is ready for your green thumb, and a 30' x 60' fenced enclosure can be used as a garden, pet play yard, or play area. Across the driveway, a contractor's or car enthusiast's dream awaits: a 24' x 32' detached three-car garage (built in 2021) with its own 100-amp panel, perfect for a workshop or hobby space.
For horse lovers, the 24' x 24' stable delivers two 12' x 12' stalls with bluestone substrate and mats, level fenced pastures, a run-in shed, and a Nelson self-waterer, all thoughtfully arranged within sight of your front porch.
Every feature of this property, from the home and garage to the stable and gardens, has been meticulously cared for. Just minutes from parks, lakes, trails, Codorus State Park, and Prettyboy Reservoir, this one-of-a-kind residence offers the perfect balance of natural beauty, practical amenities, and quiet country living.
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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