8457 OAKS RD
About This Property
The rear elevation features a 60', two story, Greek Revival-style porch with a purple and green slate flagstone floor. French doors open on to the porch from the east Dining room and west Library wings. Cool summer evenings on the porch provide beautiful views out over the grounds and 113-acres of rolling Virginia Hunt Country.
One enters the front into a 16x28 Grand Hall with a palatial stairway with mahogony bannisters that leads to a landing with an exceptional Palladian Window and then up to the second floor. There is a powder room and a concealed elegant back staircase that leads to all four floors. From the Grand Hall, one turns left into the 20x32 library with rare red gum paneling, bookcases and doors, and a fireplace. From the Grand Hall to the right is the 19x20 drawing room with fireplace, then a cozy pine paneled den with fireplace before entering the 30x20 dining room with fireplace and coveted Zuber wallpaper. The kitchen complex is next with a 16x9 butler's pantry, 20x10 cooking area and 12x12 farm office. All with beautiful glass-front cabinetry and undercounter cabinets. The first floor features random width, wide plank oak floors, second floor has white oak floors, and the third has Alabama pine floors.
On the second floor one finds four spacious bedrooms each with fireplace and private bath. On the third level there are three charming bedrooms and one hall bath. All together there are twenty two rooms, six bathrooms, twenty four closets and ten fireplaces.
The wonderful grounds offer an 18th century feel with vast green lawns, a lily pond with cast stone fountain, a log cabin purportedly salvaged from the previous house that was burned by the Yankees. meat house, pool with bath house with full kitchen, bath and changing room, many flowering shrubs, hollies, magnolia, dogwood and oaks and cedar trees.
There are two cottages, each with two bedrooms, a barn and high on a hill - a covered, open stone summer house for watching the Virginia Gold Cup races from 1929-1934.
This historic property is listed on the National Register of Historic Places and the Va Landmarks Commission and is protected by a Va Outdoor Foundation easement. The Oaks is located on Springs Road in an area widely protected by conservation easements, one mile from the historic Fauquier Springs Country Club and the Scenic Rappahannock River. The newly consolidated 113.63 acre parcel has a new tax number 6973-03-0574. Please verify current taxes.
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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.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
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Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 8, 2024 | Sold | ||
| Sold | |||
| Jan 30, 2024 | In contract | - | |
| In contract | |||
| Jan 22, 2024 | Relisted | $4,900,000 | |
| Relisted | |||
| Jan 4, 2024 | No longer available | - | |
| No longer available | |||
| Jan 3, 2024 | Relisted | $4,900,000 | |
| Relisted | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017