521 LAKE DR
About This Property
Riverside home on a full acre positively irresistible. Fortunate residents have been so
enamored, in fact, that the property has changed hands only once! The current owners
greatly expanded the interior to create bright, functional spaces that maximize views.
Choose your favorite spot to watch birds and boats glide over the serene water: the
living room's wide window seat or a bank of windows beside the breakfast table. Invite
friends to spectate as elite athletes prepare for world-class regattas. There's room for all
on the Trex deck, the stone patio below and out on the lawn, gently easing down toward
the water. The home's charming, nestled-in facade belies an airy interior with more
space than imaginable, including a multi-room lower level with a game room and a
fireplace. A gas fireplace provides easy ambiance in the open family room above.
Updates to the kitchen over the last several years include quartz countertops, new
appliances and new lighting. The nearby mudroom is more than ample and opens to an
absolutely spotless garage. The private areas of the first floor can be found down a
quiet corridor. A den and an office offer more lovely views and a guest suite is perfectly
suited for extended stays. The upper level was carefully planned so that separate pairs
of bedrooms each share a roomy bath and the primary suite is a three-room sanctuary.
The primary's skylit sitting room opens to a dressing room for two and a bath with more
quartz countertops and a spa tub. There are still more secondary spaces to discover
and use as you please. A superb setting, abundant space and an overall warmth that's
undeniably tasteful and timeless are a magical combination that won't be found again!
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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 |
|---|---|---|---|
| Jul 12, 2024 | Sold | ||
| Sold | |||
| Apr 25, 2024 | In contract | - | |
| In contract | |||
| Apr 17, 2024 | Listed by Callaway Henderson Sotheby's Int'l-Princeton | $3,150,000 | |
| Listed by Callaway Henderson Sotheby's Int'l-Princeton | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017