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9425 BLACKPOND LANE
About This Property
The owners commissioned Architect Tim Clites, and Contractor Chris Carey to design, engineer and carry out the project. The house was masterly completed in August 2004 with new foundations, systems and materials with exception of a vintage post & beam timber structure relocated from Vermont.
A light filled front hall beautifully connects the two sections of the home. The three-level section to the southwest is the classic post & beam structure which provides grand living areas. The structure's hand-hewn beams were originally numbered, dismantled in Vermont and reconstructed on a stone foundation measuring 49' x 32'. The northeast section has four levels, which house four of the five bedrooms. Beautiful stonework, divided light windows and copper roofing tie the architecture together perfectly across the two sections.
As one enters the home, the materials and attention to detail are evident. Throughout the main and upper level is handsome random width oak flooring, milled locally. The lowest level flooring is a combination of limestone and wool carpeting. Gaston and Wyatt in Charlottesville provided the fine millwork and cabinetry throughout the house, the soapstone kitchen countertops also came from Charlottesville. Most of the high-end plumbing fixtures are from Water Works and Barber Wilson. The windows are double-paned Kolbe & Kolbe French casements with large panes framed by beautiful molding. Ceilings are varied and include vaulted with rustic exposed beams, as well as a beautifully finished mahogany coffered ceiling in the dining room. The stunning home has large windows, and French doors throughout with balconies, porches and terraces on three levels.There are gorgeous views in all directions.
Located within the Piedmont Hunt Territory, this estate offers two charming barns. One center aisle with two large stalls and attached paddocks, the other with a tack room, feed room and two oversized wash stalls. There are an additional five run-in stalls each with attached paddocks, a riding arena (100' x 200'), miles of trails on the farm and potential ride out beyond.
The park-like rolling hills of Heartland's 122 acres enjoy a beautiful southern exposure and a nice mix of cleared and wooded land with over eight miles of well-maintained trails and two tributaries of Goose Creek. Elevations range between 420'-550' with the land sloping down towards Goose Creek. This property shares its southern boundary with the B-Line of the Norfolk-Southern. It is currently enrolled in the Upperville Agricultural District until 2029 offering excellent land use flexibility.
Heartland's location is ideal providing tremendous privacy while being just minutes from the historic villages of Middleburg and Upperville. Being in Delaplane, one has easy access to I-66 with Washington, D.C. to the east and the Shenandoah Valley to the west. Truly an exceptional combination of home, land, and location!
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017