701 NOTLEY ROAD
About This Property
Watch Out for JAWS!
This home is ONE-OF-A- KIND! Living inside & outside: pool parties, birdwatching, holiday hosting, celebrating...your dream home wishes come true here!
Located among a one-acre landscaped garden, this one-level home has been expanded to feature a huge kitchen with eat-in sunroom overlooking the pool and garden. It's a perfect kitchen for storing all your favorite gadgets and for sharing the meal prep with many helping hands. The dining room is an elegant and classic space with a beautiful bay window that frames the garden. The hanging glass antique chandelier is original to the house and exudes that refined air. French doors lead directly onto the pool patio enhancing that resort entertaining feel.
The original home was built in 1951 and features many mid-century modern design elements. From the welcoming huge living room picture window that brightens the space, to the period-designed brick-wall and mantle shelf surrounding the wood-burning fireplace. Crown molding has been added throughout for a more modern style.
A family room addition is a large and flexible space that can be perfect for a home office, tv/ entertainment game room, hang-out space or even a kids' game area. The bedrooms are all nice sized, have spacious closets and are purposefully separated into two wings – owners on one side of the house and guests/ children on the other side. The owner's suite features a private French door leading to the pool patio.
The HIGHLIGHT is the pool, deck and gardens. Entertaining on the deck, BBQs, swim parties and fun times are totally private from any neighbors. The garden features specimen plantings that bloom from the earliest Spring of redbuds, cherry blossoms, azaleas and rhododendrons through summer with huge colorful hydrangeas bordering the pool. It's a true garden paradise!
The house has been well-kept with a lot of attention to the details over the years. Updates include roof, windows, HVAC system, plumbing, appliances, bathrooms, siding, gutters, sump pumps, pool maintenance, flooring, and painting.
Paint Branch Farms is an original Montgomery County neighborhood with homes built since the 1950's. Lots tend to be large, there are no sidewalks and homes vary in size. Located off New Hampshire Avenue, just north of Randolph Road it is an established enclave that is a quiet retreat from the busy shopping center less than ¼ mile from the house. The ICC/ Route 200 is ½ mile with access to both Rt. 95 and 270 for quick commuting.
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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%.
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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 Colesville
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017