838 ALVERMAR RIDGE DR
About This Property
838 Alvermar Ridge is a
Custom-built luxury estate home in The Reserve. Beautiful one-acre lot with circular drive and oversized three-car side-load garage on a private cul-de-sac. It is priced to add personal touches to the perfect home!
Fourteen thousand square feet of custom living space. Moldings, coffered ceilings, and oversized doors throughout. Eight bedrooms, eight full baths with two 1/2 baths and an Elevator. Gourmet Kitchen w/2nd Butler's Kitchen offers Thermador appliances, loads of cabinet space, and granite countertops. Main level guest suite w/luxury bath. Owners Suite w/colossal luxury bath, gas fireplace, balcony, wet bar, and enormous walk-in closet. The lower level offers a theatre room, exercise room, au pair suite, steam sauna, and more. 4th Lower Level for even more living space!
Payment Calculator
Your Estimated Monthly Payment
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 |
|---|---|---|---|
| Apr 26, 2024 | Sold | ||
| Sold | |||
| Mar 26, 2024 | Listed by Northern Virginia Real Estate Inc. | $3,378,600 | |
| Listed by Northern Virginia Real Estate Inc. | |||
| Dec 2, 2023 | No longer available | - | |
| No longer available | |||
| Nov 30, 2023 | Listed by Ultima Properties, Inc. | $3,650,000 | |
| Listed by Ultima Properties, Inc. | |||
| | |||
|
**Exceptional Opportunity to Aquire an Exquisite Residence in the Esteemed Enclave of The Reserve (Garfield Park)**Positioned within a Serene Cul-de-sac, Embraced by a Circular Driveway, this Distinguished Colonial Home Emanates Opulence in Every Detail. A Majestic Spiral Staircase Graces the 2-Story Grand Foyer, Adorned with Lavish Upgrades Throughout. The Residence Offers the Convenience of an Elevator Accessing Four Levels, Complete with a Home Theatre. Enjoy Five Generously Sized Bedrooms on the Upper Level, a Spacious Bedroom on the Main Floor, and Additional Bedrooms within Each of the Two Basement Levels. Indulge in the Splendor of an Impressive Large Bar Area with a Kitchenette, Present in the First Basement. The Neighborhood is Further Enhanced by 24-hour Security Surveillance. The manager has listed the unit size as 7987 square feet.
| |||
| Oct 29, 2022 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017