1069 Scherer WAY
About This Property
This home presents captivating curb appeal with its 3-car garage, paver drive, and beautifully manicured landscaping. Step inside to discover the impeccable style and attention to detail found throughout the Oxford model. From the grand double door entry to the vaulted tray ceilings, crown molding, and elegant column details, every corner of this home exudes sophistication.
The heart of the home embraces the exceptional views, as the living, family, kitchen, and breakfast rooms effortlessly frame the natural beauty beyond. The spacious kitchen offers ample counter space with Corian countertops, two islands, and tasteful wood cabinetry. The owner's suite is a haven of relaxation, complete with walk-in closets, a luxurious bathroom featuring dual sinks, a garden tub, a walk-in shower, and direct access to the pool and lanai. A versatile den/office with double door entry provides additional flexibility.
On the opposite side of the home, three bedrooms feature large closets, with a Jack & Jill bath connecting two of the bedrooms. One bedroom conveniently serves as a pool bath. Additionally, the home has an office, which could be used as a 5th bedroom.
The Rivendell community offers an award-winning, park-like setting with lakes, preserves, parks, and open spaces spanning 380 acres. Enjoy the quiet tree-lined streets with sidewalks, a walking path, tot-lot, gazebo, and a large heated community pool.
Ideally situated near top-rated Pine View School, the Legacy Trail, dining options, pristine beaches, the Intracoastal Waterway, boat and kayak launches, and convenient amenities such as Publix, a coffee shop, gym, and pilates studio, this location caters to every need. For those seeking a truly remarkable lifestyle surrounded by nature, this home provides an unparalleled opportunity.
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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 |
|---|---|---|---|
| May 24, 2024 | Sold | ||
| Sold | |||
| Apr 18, 2024 | In contract | - | |
| In contract | |||
| Mar 30, 2024 | Relisted | $950,000 | |
| Relisted | |||
| Mar 24, 2024 | In contract | - | |
| In contract | |||
| Mar 9, 2024 | Price Decreased |
$950,000
↓ $25K
(2.6%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017