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1012 Spanish Trail
About This Property
A private gardener's paradise nestled under a canopy of mature trees, this impeccable split-level home combines soaring vaulted ceilings and unforgettable custom character. Welcome to 1012 Spanish Trail.
The heart of the residence is a sprawling chef's kitchen, brilliantly equipped with a built-in Frigidaire Professional refrigerator, premium GE CAFE appliances, and a massive butcher block island. Just off the kitchen, the expansive main living room features a charming nook beneath a one-of-a-kind chandelier, alongside a cozy side porch perfect for morning coffee. The true centerpiece of the space is a magnificent petrified wood feature housing a lift-assisted TV-allowing effortless viewing from both the living and kitchen areas at any angle. Designed for seamless main-level living, the primary suite and ensuite bath complete with dual vanities, jetted tub and separate shower. A convenient guest half bath sits just off the kitchen. Across the home, a bright dining area and a serene indoor atrium showcase the lush front landscape as a tranquil backdrop. Upstairs, you'll find two additional bedrooms and a full bath complete with a garden tub, separate shower, and double sinks. The lower level offers a versatile flex room with an ensuite half bath and a private driveway entrance-ideal for a dedicated home office, studio, or guest quarters.
Step outside into an outdoor haven. The exquisite deck overlooks vibrant gardens, while a winding path leads to a charming, cottage-style workshop. Equipped with both water and electricity, this space is ready for a she-shed, workshop, studio, or hobby retreat.
Additional features include a whole-home water filtration system, a shared well for cost-effective irrigation, and a private septic system.
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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 |
|---|---|---|---|
| Nov 10, 2026 | Price Decreased |
$850,000
↓ $49K
(5.5%) | |
| Price Decreased | |||
| Aug 20, 2026 | Listed by Real Broker, LLC | $899,000 | |
| Listed by Real Broker, LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017