8544 PETE WILES ROAD
About This Property
Upon entering, you are greeted by an impressive foyer with open vaulted ceilings that set the tone for the grandeur within. The family room, adorned with a cozy fireplace, provides a perfect setting for intimate evenings, while the formal dining room, also featuring a fireplace, is ideal for hosting elegant dinners. The large gourmet kitchen is a culinary enthusiast's dream, equipped with ample cabinet space, gleaming granite countertops, and a spacious island that offers abundant workspace. High-end stainless-steel appliances ensure that every meal prepared here is a culinary masterpiece.
The home's thoughtful design includes numerous windows that flood the interiors with natural light and offer breathtaking views of the surrounding landscape. Each bedroom is generously sized, promising comfort and privacy. The master suite is a true retreat, featuring its own fireplace and expansive layout. Additionally, the finished attic space provides versatile options, whether it be an extra bedroom, a serene home office, or a creative studio.
The potential of this property extends to the unfinished basement, which offers endless possibilities for customization. With direct access to the outdoors, this space can be transformed to significantly increase the home's livable square footage, accommodating various lifestyle needs.
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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 |
|---|---|---|---|
| Sep 12, 2024 | Sold | ||
| Sold | |||
| Aug 12, 2024 | In contract | - | |
| In contract | |||
| Aug 10, 2024 | Listed by EXP Realty, LLC | $1,100,000 | |
| Listed by EXP Realty, LLC | |||
| | |||
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Nestled in the heart of Middletown, this exquisite custom-built residence offers an unparalleled blend of luxury and tranquility. Set amidst over 17 acres of pristine land, this five-bedroom home presents a sanctuary where you can immerse yourself in nature's splendor throughout all four seasons. The outdoor expanse invites you to revel in mountaintop vistas, stroll through picturesque vineyards, or roam across rolling pastures. Whether you seek solitude or social gatherings, the vast exterior and interior spaces cater to all your needs.
Upon entering, you are greeted by an impressive foyer with open vaulted ceilings that set the tone for the grandeur within. The family room, adorned with a cozy fireplace, provides a perfect setting for intimate evenings, while the formal dining room, also featuring a fireplace, is ideal for hosting elegant dinners. The large gourmet kitchen is a culinary enthusiast’s dream, equipped with ample cabinet space, gleaming granite countertops, and a spacious island that offers abundant workspace. High-end stainless-steel appliances ensure that every meal prepared here is a culinary masterpiece.
The home’s thoughtful design includes numerous windows that flood the interiors with natural light and offer breathtaking views of the surrounding landscape. Each bedroom is generously sized, promising comfort and privacy. The master suite is a true retreat, featuring its own fireplace and expansive layout. Additionally, the finished attic space provides versatile options, whether it be an extra bedroom, a serene home office, or a creative studio.
The potential of this property extends to the unfinished basement, which offers endless possibilities for customization. With direct access to the outdoors, this space can be transformed to significantly increase the home's livable square footage, accommodating various lifestyle needs.
| |||
| Sep 30, 2020 | Sold | ||
| Sold | |||
| Sep 10, 2020 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017