843 ALVERMAR RIDGE DR
About This Property
Working from home or indulging in your hobbies is a breeze with two dedicated home offices or hobby rooms. The family room, complete with a large fireplace, is seamlessly connected to the spacious gourmet kitchen, making it the heart of the home.
Upstairs, you'll find 5 bedrooms, each with its own en-suite full bath, ensuring everyone's comfort and privacy. The owner's suite is a true retreat, featuring a soothing fireplace, a spacious sitting area, and generous walk-in closets. The master bath has been thoughtfully updated with luxurious marble, double vanities, an extra-large shower, and a standalone bathtub for ultimate relaxation.
The walkout lower level offers an array of possibilities with an exercise room, media room, 2 bedrooms with en-suite full baths, a family room with yet another fireplace, and a recreation room with a bar area. Abundant storage throughout the home provides convenience and organization. The home is complete with a 4-car garage and a circular motor court for easy access.
The Reserve is more than just a community; it's a lifestyle. Situated on over 258 wooded acres in prestigious McLean, Virginia, this enclave of 166 homes features custom estate-sized residences on generously sized lots. The landscape is adorned with mature trees, stone walls, and natural landscaping, offering a breathtaking backdrop to daily life. Residents enjoy around-the-clock security and additional services provided by the security staff stationed at The Reserve's Gatehouse.
For commuters, The Reserve is a dream come true, with easy access to major commuting arteries, including the 495-Capital Beltway, I-66, Georgetown Pike, and the George Washington Parkway. The neighborhood is served by top-tier schools, including Churchill Elementary School, Cooper Middle School, and Langley High School.
Don't miss this opportunity to experience the pinnacle of luxury living in The Reserve. This property offers an unmatched combination of timeless elegance, privacy, and convenience in one of the most prestigious communities in the area.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 27, 2024 | Sold | ||
| Sold | |||
| Jan 27, 2024 | In contract | - | |
| In contract | |||
| Jan 12, 2024 | Price Decreased |
$3,095,000
↓ $105K
(3.3%) | |
| Price Decreased | |||
| Oct 27, 2023 | Listed by TTR Sothebys International Realty | $3,200,000 | |
| Listed by TTR Sothebys International Realty | |||
| May 23, 2021 | No longer available | - | |
| No longer available | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017