61 ARCHWOOD Drive
About This Property
Step onto the inviting front porch and be welcomed into an interior filled with exquisite details: gleaming hardwood floors, soaring 10-foot ceilings, and an ambiance that exudes modern elegance. French doors open to a bright, stylish office, while the gourmet kitchen is a chef's dream featuring premium appliances-including an LG refrigerator, double ovens, and a gas range-encircling a generous island designed for casual dining and lively conversation.
The open-concept great room flows effortlessly onto an expansive 22x16 ft screened & pavered lanai, creating an idyllic space for al fresco dining, relaxed weekend BBQs or energetic gatherings with family and friends. A spacious 470 sq ft two-car garage, complete with a workshop area and ample storage, complements additional parking options just steps away, perfect for hosting friends and family. Plus, enjoy the added benefit of a 1% credit toward closing costs and prepaids through the seller's preferred lender. With resort-style amenities at your fingertips: think sparkling pools and a thrilling three-story waterslide. This home is more than just a residence; it's a lifestyle.
Embrace the exceptional. Your dream home in Shearwater awaits!
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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 |
|---|---|---|---|
| Jun 9, 2025 | Sold | ||
| Sold | |||
| Apr 22, 2025 | In contract | - | |
| In contract | |||
| Apr 18, 2025 | Price Decreased |
$447,500
↓ $2K
(0.5%) | |
| Price Decreased | |||
| Apr 13, 2025 | Price Decreased |
$449,900
↓ $2K
(0.4%) | |
| Price Decreased | |||
| Apr 10, 2025 | Price Decreased |
$451,500
↓ $400
(0.1%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017