11025 LOCUST DR
About This Property
TO BE BUILT by Caruso Homes. The Kingsport plan is our most popular and versatile estate home starting at 3,410 square feet, with options to expand to over 6,000 square feet of luxurious living space. The home can be built with a two or three car garage and is available in many elevations, including brick and stone combination fronts and craftsman styles. Inside, plenty of grand features await including a two-story foyer, two-story family room, optional in-law suite and multiple options to upgrade to a gourmet or chef's kitchen. A luxury owner's retreat can be designed with a sitting area, fireplace, multiple walk-in closets and our most exciting Caribbean or California spa bath. Design your basement for entertaining with options like a theater room, wet bar and a den or 5th bedroom. There are hundreds of ways to personalize this luxurious home and make it your own.
Price listed includes the lot price, lot finishing costs, Kingsport Elevation 1 and selected options. Selected options included with list price: In-law suite with full bath; Sitting room off owner's bedroom; Morning Room; Gourmet Kitchen. Total finished square fee is approximately 3740 with 5 bedrooms and 3 ½ baths.
Lot finishing costs are estimated and may change based on actual site work and development needed. Additional models, elevations and options are available. Photos are of a Kingsport model home and are for representation only. Photos may include upgrades/options that are not included in the base price of the home. Contact Caruso Homes sales manager for a complete list of included features and available options.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Sep 26, 2023 | Sold | ||
| Sold | |||
| Apr 1, 2023 | In contract | - | |
| In contract | |||
| Apr 22, 2022 | Listed by Long & Foster Real Estate, Inc. | $849,990 | |
| Listed by Long & Foster Real Estate, Inc. | |||
| Jan 13, 2022 | No longer available | - | |
| No longer available | |||
| Nov 17, 2021 | Relisted | $119,900 | |
| Relisted | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017