952 Shellbark WAY
About This Property
Step inside to discover decadent hardwood flooring laid on a diagonal, enhancing the elegance of every room. The remodeled kitchen is a chef's dream, boasting granite countertops, Cherry cabinetry with a vent hood and gas cooktop, a French door style refrigerator, a combination wall oven and microwave, and both below and above cabinet lighting. For those who love to entertain, the added Butler's pantry with a wine refrigerator is a delightful bonus.
The home's architectural details, such as rounded drywall corners, high baseboards, and knockdown ceilings, contribute to its sophisticated ambiance. Double French doors lead to an elevated and tiled glass-enclosed lanai, equipped with a mini-split heating and A/C system, making it a perfect year-round retreat. The tray ceiling and recessed lighting add a touch of luxury, while the elevated patio with a railing showcases the spectacular golf front view.
The master bath features dual vanities, a Roman shower, and California closets, offering both functionality and style. The front bedroom includes a Murphy bed with a built-in desk, providing versatile space. Plantation shutters add a classic touch.
The garage is as functional as it is attractive, with an epoxy-painted floor, a floored attic with pulldown stairs, extra cabinetry, a workbench, and a garage screen. This home is conveying turnkey, so all you need to start enjoying The Villages lifestyle is a toothbrush. A new roof will be installed prior to closing, and if you act quickly, you can even select the shingle color. The HVAC was replaced in 2017, and the hot water heater in 2021.
Don't miss your chance to own this little slice of paradise!
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017