981 Deep Springs Drive
About This Property
Tucked away at the end of a quiet cul-de-sac in the coveted Blaisdell Ranch community, this exceptional residence sits on a deep, private lot framed by mature landscaping, extensive stonework, and a stately oak tree that anchors its elegant curb appeal. An oversized driveway and a welcoming covered front porch set the stage for the refined living spaces within. Step through the front door to a tiled entryway that opens to a formal living room with a beveled glass bay window and tile flooring. Just beyond, a family room impresses with a towering floor-to-ceiling fireplace, recessed lighting, and opens to a sunken lounge, a warm and inviting space featuring a built-in wet bar with stone counters, a comfortable sitting area, and arched windows framing serene mountain views. The remodeled kitchen is a showpiece, designed with rich cherrywood cabinetry, granite countertops and backsplash, stainless steel appliances, a center island, and an eye-catching double tray ceiling with recessed lighting. The adjacent breakfast nook is surrounded by windows and topped with a matching tray ceiling, bathing the space in natural light. A formal dining room with a recessed, coffered ceiling and chandelier provides an elegant setting for entertaining. A charming brick-floor bonus room offers the perfect transition to the backyard, accessible through a sliding glass door. The main level also features a private office, a bedroom, a ¾ bathroom, and a spacious laundry room with direct access to the three-car garage. Upstairs, the expansive primary suite is a true retreat, offering a brick fireplace and French doors that open to a large private balcony with panoramic views. The remodeled ensuite bath features dual vanities with stone countertops, a dedicated makeup station, a soaking tub framed by shuttered windows, a walk-in shower, and a generous walk-in closet. Two additional upstairs bedrooms share an updated hall bathroom. The backyard is a park-like sanctuary, professionally landscaped with meandering paver walkways, vibrant greenery, and a central lawn surrounded by curated garden beds. Entertain effortlessly with a koi pond, multiple seating areas, and a built-in barbecue under a covered pergola, perfect for dining al fresco. With no rear or side neighbors, full block privacy walls, and lush natural screening, this outdoor space offers seclusion and tranquility.
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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 |
|---|---|---|---|
| Oct 3, 2025 | Sold | ||
| Sold | |||
| Sep 6, 2025 | In contract | - | |
| In contract | |||
| Aug 20, 2025 | Price Decreased |
$1,495,000
↓ $100K
(6.3%) | |
| Price Decreased | |||
| Jul 29, 2025 | Price Decreased |
$1,595,000
↓ $85K
(5.1%) | |
| Price Decreased | |||
| Jul 12, 2025 | Listed by RE/MAX MASTERS REALTY | $1,680,000 | |
| Listed by RE/MAX MASTERS REALTY | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017