11029 LOCUST DR
About This Property
TO BE BUILT by Caruso Homes. The Oxford is one of Caruso Homes' most popular homes and provides 4 bedrooms, 2.5 baths and starts at 2609 SF. Main level features include an open kitchen/breakfast room/family room, a private office, formal living and dining rooms, a 2 story open foyer and a family arrival center with built in storage and drop zone. For even more space, you can add the morning room, optional 4' family room extension as well as a 4' in-law suite extension. Upstairs, you will find an owner's suite with sitting room, large walk-in closet and owner's bath with separate tub and shower. The second floor also features 3 additional bedrooms, a second bath with dual sinks, and a laundry room. The lower level comes unfinished and offers the ability to customize with a rec room, full bath, bedroom/den, theater, exercise room and wet bar. Included features with all On Your Lot Caruso Homes include laminate plank flooring in the foyer, kitchen, mudroom and powder room, granite countertops in the kitchen, stainless steel appliances, elegant living room and dining room trim package and ceramic tile baths with quartz vanity tops.
Price listed includes the lot price, lot finishing costs, Oxford Elevation 1 and selected options. Selected options are the morning room, 4' family room extension, owner's retreat, California bath, and extended kitchen island. Total finished square feet is 3044.
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 an Oxford 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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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%.
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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 |
|---|---|---|---|
| Mar 22, 2024 | Sold | ||
| Sold | |||
| Mar 17, 2023 | In contract | - | |
| In contract | |||
| Apr 22, 2022 | Listed by Long & Foster Real Estate, Inc. | $798,990 | |
| Listed by Long & Foster Real Estate, Inc. | |||
| Jan 13, 2022 | No longer available | - | |
| No longer available | |||
| Dec 15, 2021 | Price Increased |
$195,000
↑ $85K
(77.4%) | |
| Price Increased | |||
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About Damascus
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017