8 SPRINGVALE LANE
About This Property
Built in 1936 by the original architect of the neighborhood and thoughtfully renovated and expanded in 2017 by architect Jeff Hains, this home seamlessly blends timeless craftsmanship with modern, technology-forward living.
From the charming custom wooden shutters with clover cutouts to the two EV chargers and a hardwired whole-house generator that automatically engages during power outages, every detail reflects the home's unique character and contemporary, technology-forward upgrades. Step through the front door into a welcoming foyer with hardwood floors throughout. The formal living room features a wood-burning fireplace and flows effortlessly into the formal dining room which is ideal for entertaining.
Just beyond, the climate-controlled sun porch is a true retreat, featuring natural wood walls and overlooking the expansive, flat backyard that is perfect for year-round enjoyment. The renovated kitchen is outfitted with all-new, high-end smart appliances, new countertops and new ceramic tile flooring, offering both beauty and cutting-edge functionality.
The main level includes a bedroom with an en-suite bathroom which is ideal for guests or flexible living arrangements. Upstairs, you'll find three bedrooms, including the primary bedroom with a custom built-in closet, a dedicated laundry room, and a stunning full bathroom featuring dual vanities, an arched picture window, a jacuzzi jetted soaking tub, a walk-in shower, and radiant heated floors.
The fully renovated lower level (2017) expands the living space with a family room and gas fireplace, game room, workshop, a full bath, and access to the attached garage. Outside, the fully fenced backyard offers a large grassy play area, space for gardening, and a brick patio with pergola, all shaded by a magnificent oak tree.
A detached studio/shed/garage adds exceptional versatility. This space is ideal for a home office, art studio, gym, or creative space. It is ready for your vision.
This is a rare opportunity to own a home that honors its architectural roots while embracing modern comfort, efficiency, and an unbeatable location.
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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 Silver Spring
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017