10561 Covington Circle
About This Property
Situated in a prime location, the home benefits from its proximity to excellent schools, with Villa Park High School just a short walk away and Villa Park Elementary School nearby. The convenient location also provides easy access to Ralphs grocery store and the charming Grijalva Park, perfect for outdoor recreation.
Inside, the home showcases thoughtful updates throughout. The spacious living room features an inviting fireplace, while the family room offers a second fireplace for additional comfort. The gourmet kitchen has been beautifully renovated with modern quartz countertops, elegant backsplash, stainless steel appliances, and contemporary shaker cabinets.
Premium features include wood plank laminate flooring, dual-pane windows, and French doors leading to a generous backyard. The bathrooms have been expertly updated with ceramic tile showers, frameless shower doors, multiple shower heads, and modern tankless smart toilets. Central air and heating ensure year-round comfort.
An additional room in the garage provides flexible space for a home office, gym, or storage. The property's location in Villa Park offers easy access to local amenities, including the historic Orange Circle, combining suburban tranquility with urban convenience.
This meticulously updated home presents an exceptional opportunity to join one of Orange County's most desirable communities.
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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 |
|---|---|---|---|
| Dec 27, 2024 | Sold | ||
| Sold | |||
| Dec 26, 2024 | In contract | - | |
| In contract | |||
| Dec 4, 2024 | Relisted | $1,599,500 | |
| Relisted | |||
| Nov 28, 2024 | In contract | - | |
| In contract | |||
| Nov 20, 2024 | Listed by Sal Nesh, Broker | $1,599,500 | |
| Listed by Sal Nesh, Broker | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017