5701 MAGIC MOUNTAIN DR
About This Property
This elegant move-in ready residence boasts 5 bedrooms and 4.5 baths, featuring nearly 4,000 SF of modern living space on three finished levels, and situated on a beautiful, professionally landscaped, corner lot of nearly third acre.
Featuring many convenient amenities, this home stands out for its elegance and everyday practicality. Highlights of the home on the main level include a renovated kitchen with a breakfast bar open to a spacious and light-filled vaulted ceilings Great Room with a gas fireplace, flanked by oversized picture windows overlooking the beautifully landscaped backyard. A spacious and private home-office, an elegant formal Dining Room, main-level Primary Suite with two walk-in closets with built-ins and a luxurious Primary Bathroom, and a newly renovated laundry room.
The upper level includes three generously sized bedrooms, including a guest suite with a remodeled private bathroom. The lower level of the home features a walk-out Rec Room with newly installed floors, a Sauna, a guest-bedroom, full bath, and a secondary fully equipped kitchen.
Other amenities include an extra large 2-car garage with ample storage, circular driveway with landscaping lights, and a large wood deck off the back for entertaining.
The home has been generously upgraded and expertly maintained over the years (see attachment for all detailed list). Some of the upgrades in recent years include: hardwood floors, grand manor roofing, Hardie plank siding, high-end Renewal by Anderson windows throughout, new gutters, extra-large deck, new garage doors, new electric panel, new water heater and two HVAC systems, new laundry room, new kitchen appliances and washer and dryer, new garage door, and so much more.
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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.
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About North Bethesda
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017