7220 TALL PINE WAY
About This Property
Step inside to find Instagram-worthy windows framing the surrounding woods, vaulted ceilings, and a floor-to-ceiling stone fireplace. French doors on either side of the fireplace open to the screened-in outdoor living space in the treetops- the perfect spot for enjoying morning coffee, listening to bird song, and finding quiet moments with nature.
The upgraded eat-in kitchen features abundant storage, lots of granite counter space, pull-out shelves, a large center island with pendent lighting, and a box window above the sink with views of the forest below. The formal dining room, currently used as a library, offers additional space for entertaining or relaxing. Just off the kitchen is a laundry room/ mudroom and a second screened-in porch with its own swing bench- the perfect place to enjoy evening breezes. This porch leads to an oversized three-car epoxy coated garage with extra high ceilings offering lots of room to store kayaks, bikes and more.
The main-level primary suite has a custom walk-in closet, oversized tub, and serene views from multiple windows. A nearby office provides a work-from-home setup with wooded views. An additional bedroom and full bath on the main level add flexibility for a guest room, multigenerational living, a second office.
Upstairs, a catwalk-style hallway overlooks the main floor and leads to two large bedrooms and a full bath. The finished, walkout lower level adds even more living space with a second family room with a woodburning fireplace, huge picture windows, and dual French doors leading to a covered patio beside bushes of edible berries. You'll also find a fourth full bath, a large bedroom with an adjacent dressing room or office, an exercise room, and multiple storage areas-one finished and one with roughed-in plumbing for a potential fifth bath.
The property includes expansive front lawns and several acres of mature woodland with walking paths, a zipline, a bench nestled among the trees, and a huge stone-rimmed firepit ready for roasting marshmallows and visiting with friends and family.
Additional highlights include: three zoned HVAC systems, new HVAC, custom kitchen built-ins, upgraded appliances, premium doors and windows including new windows, and no HOA. This home offers comfort, privacy, and the beauty of nature. Schedule your private showing today.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017