8850 Hidden Pines Road
About This Property
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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.
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 |
|---|---|---|---|
| Jun 21, 2024 | Sold | ||
| Sold | |||
| Mar 1, 2024 | Listed by RE/MAX Masterpiece Realty | $1,100,000 | |
| Listed by RE/MAX Masterpiece Realty | |||
| | |||
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Bring the Horses, RVs, & Boats! This rare location property with its many amenities is ready for new owners. Pulling into the Hidden Pines development, you are surrounded by 1 acre+ parcels, well established, agricultural zoned homes. At the end of the cul-de-sac, you enter the largest lot in the community (3.42 acres) through your private gate. Driving under the large oak hammock brings you to a circular parking area or around to the side-load garage and detached work shop.
The front exterior exudes elegance with a 2023 installed high-end, standing seam metal roof, brick-on-block construction, custom wooden double front doors with side and overhead decorative glass, window awnings, and soffit lighting. Inside, the grand foyer features 15-foot vaulted (see more) ceilings and a wood burning fireplace with a hand-carved mantle. The formal dining room has tons of natural light from the south-facing bay window. The stairs to the loft are hidden from view. The loft area is 21'x19' allowing for plenty of room for games, work, or another sleeping area. Beside the dining room are two bedrooms that share a completely remodeled bathroom with dual vanities, stone-tiled shower with tub, and designer toilet. The expansive kitchen is loaded with solid wood cabinets with both above and below lighting, decorative crown moldings, granite countertops, Kenmore Elite 45" chef's stove with double oven, with all other appliances including the ice maker being KitchenAid. There is a hand-built wood breakfast table with chairs and a moveable butcher block island. The well-lit living room measures 20'x20' and has tongue and groove on the 15-foot ceilings. A remodeled half bath and the laundry room are easily accessible. The third wing of bedrooms are down a hallway and include a bedroom with ensuite updated bathroom and a fifth bedroom measuring 20'x12'--both with French doors out to the pool. The main bedroom is unlike any other with its custom woodwork throughout, gorgeous laminate flooring, and recessed lighting. The spa-like bathroom has an oversized shower with body sprayers, rain head, and bench. The custom vanities and mirrors compliment the glass tile surrounded, jetted, soaking tub.
The back patio & pool area is fully screened and enriched by mature landscaping. Throughout the green space of the property, you will find a wealth of native plants and trees providing great shade. There is even an event green space with power available. The 30'x30' workshop features four garage doors and two covered parking areas. The left side measures 30' deep, 14' wide, & 9' tall and the right side measures 47' deep, 15' wide, & 14' tall. Inside, there is a workbench area, sink, automatic sprinkler controls, and water softener. There is even additional attic storage. A diesel generator keeps the whole home powered in the case of an outage. A six-camera and 16 channel security system and ADT alarm also stays with the home. The A/C systems and water heaters are all five years old or newer. The septic field was replaced February 2024.
Make this home yours and submit an offer today!
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| Nov 2, 2023 | Sold | ||
| Sold | |||
| Jul 13, 2022 | Listed by LYNQ Real Estate | $1,149,000 | |
| Listed by LYNQ Real Estate | |||
| Apr 28, 2006 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017