5901 Bali WAY N
About This Property
Embracing classic mid-century modern design, the residence showcases distinctive curved walls and four large glass pocket doors that gracefully open to reveal a private courtyard, capturing the essence of timeless elegance. The gourmet kitchen is a culinary haven with granite counters, custom all-wood maple cabinetry, an eat-in island featuring slide-out storage shelves, and a dedicated office area with a built-in printer cabinet and file drawers.
Equipped with top-of-the-line stainless KitchenAid appliances, including a slide-in range with convection oven and warming drawer, a microwave/convection combo oven, a counter-depth refrigerator, and an almost silent dishwasher, the kitchen seamlessly combines style and functionality. An inviting den/TV room area adjacent to the kitchen adds a cozy touch to the living spaces.
Vaulted ceilings in the foyer, living room, and dining area provide an open and airy ambiance with picturesque courtyard views. The well-planned layout follows a split-floor plan, offering privacy with a large primary bedroom and a second bedroom with a bathroom on one side, and two (potentially three) bedrooms and a spacious bathroom on the other. There is an abundance of closets and storage throughout!
Luxurious bathrooms feature dual sinks, granite counters, custom cabinets with ample storage, slide-out cabinetry, an appliance garage, electric outlets in most cabinets, and a deep soaking tub/shower combo with dual shower heads and an overhead heater. The laundry area, separated by a door, includes an extra-large capacity Maytag washer and dryer, both with steam features.
The oversized two-car garage is equipped with shelving, built-in cabinets with doors, and a large workbench, ideal for the DIY enthusiast. A huge circular driveway can easily accommodate at least seven cars, providing convenient parking options for residents and guests.
BRAND NEW ROOF 2023! Energy-efficient features include low E double-pane windows and custom hurricane shutters for all openings. The property's lush landscaping is maintained by a Rainbird irrigation system operating on reclaimed water, enhancing the overall appeal of this distinguished coastal retreat. This is not just a home; it's a curated sanctuary where thoughtful design meets functionality, offering a luxurious coastal lifestyle that embraces both comfort and elegance. Schedule a viewing to experience the allure of this distinguished property. ***Make sure to view the 3D Floor plan in the attachments****
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 7, 2024 | Sold | ||
| Sold | |||
| Mar 19, 2024 | In contract | - | |
| In contract | |||
| Feb 27, 2024 | Price Decreased |
$899,999
↓ $19K
(2.1%) | |
| Price Decreased | |||
| Feb 1, 2024 | Price Decreased |
$918,900
↓ $6K
(0.7%) | |
| Price Decreased | |||
| Dec 12, 2023 | Listed by COASTAL PROPERTIES GROUP INTER | $924,900 | |
| Listed by COASTAL PROPERTIES GROUP INTER | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017