8522 & 8520 FOREST ST
About This Property
Almost completely overhauled in 2020, this home boasts a new high-efficiency furnace. The exterior captivates with its rare Mid Century Modern appeal, set atop a stunning elevation that would command a premium in new construction. The property features a new roof installed in 2023, extensive landscaping, and a professionally designed paver patio with lighting, a natural gas fire table, and distinct areas for dining, grilling, and playing. This residence boasts timeless design, luxurious finishes, and modern conveniences, all set on an expansive 1.15 acre lot.
Situated on a coveted and impressive 1.15 acre lot, the backyard is a true paradise. It offers flat, usable space perfect for play, relaxation, and wildlife viewing, with ample shade from the wooded perimeter. The massive driveway can accommodate up to 10 cars, perfect for your entertaining needs, and there's an EV outlet for electric vehicles. Two exterior sheds provide additional storage.
Step inside to discover a professionally designed kitchen with white Shaker cabinetry, stainless steel appliances, gas cooking, gorgeous black matte honed leather granite countertops, and hardwood floors. Sunlight streams through floor-to-ceiling windows, highlighting the spacious island and extensive storage. The adjacent butler's pantry/coffee bar features the same exquisite finishes, adding a touch of luxury to your daily routine.
The sunroom, living, and dining areas are the heart of this home, showcasing original Mid Century design elements like cedar walls, cathedral ceilings with beautiful beams, and three full walls of windows overlooking the private backyard. The space is accentuated by original brick Herringbone floors, south-facing skylights, and a cozy wood-burning fireplace.
The primary bedroom is a serene retreat with cathedral ceilings, a custom Mid Century feature wall, and an exposed brick accent. Enjoy peaceful views through floor-to-ceiling windows and access to the backyard through a new sliding door. The primary bathroom, also renovated in 2020, features heated tile floors, a large glass-enclosed shower with exquisite tile work, and modern fixtures.
Additional bedrooms are spacious and well-lit, each offering unique features like cathedral ceilings, modern ceiling fans, and stylish wainscoting. The renovated bathrooms boast high-quality tile work, modern vanities, and ample storage space.
The lower level houses a versatile family/recreation room with LVP flooring, recessed lighting, and plenty of natural sunlight. This expansive space can be tailored to your needs, whether you envision a second living room, playroom, workout area, or home theater.
The mudroom is a dream come true, and includes custom-built cubbies, a cherry wood bench, waterproof flooring, and modern tile.
The laundry room, also renovated in 2020, offers additional storage and access to under-the-stair storage space. A dedicated storage room provides even more space to keep your home organized.
Located just 90 seconds from the Beltway (I-495), this home offers the perfect blend of convenience and tranquility. It's walking distance to an elementary school and close to both middle and high schools. Plus, there's no HOA to worry about.
8522 & 8520 Forest Street is not just a house; it's a lifestyle. Don't miss this rare opportunity to own a piece of Mid Century Modern history, beautifully updated for contemporary living. Schedule your showing today and prepare to fall in love with this breathtaking beauty.
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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 Annandale
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017