112 Elise Drive
About This Property
The full basement offers an exciting opportunity to create additional recreation or living space. Lumber and materials have already been delivered and are included, ready for the next owner to complete the planned framing and transformation. Step outside and discover your own private, year-round wellness retreat: a 16-foot swim spa complete with rowing equipment and a treadmill system for swimming, exercise, and relaxation in every season. Set on an expansive 10x18 foot concrete pad, it offers the benefits of both a pool and a home gym just steps from your door. With its model-home pedigree, original-owner pride, three-year-young construction, exceptional upgrades, expansive level property, and impressive year-round amenities, this remarkable home truly feels better than new. Simply move in, make it your own, and enjoy everything "Scotchtown Estates" has to offer. This is a special home you will not want to miss-come experience all that it has to offer!
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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 |
|---|---|---|---|
| Sep 4, 2026 | Listed by Keller Williams Realty | $849,900 | |
| Listed by Keller Williams Realty | |||
| Jan 10, 2024 | Sold | ||
| Sold | |||
| Oct 23, 2023 | Listed by Keller Williams Realty | $719,900 | |
| Listed by Keller Williams Realty | |||
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Welcome to The Woodlands at Scotchtown Estates! This exquisite picturesque community sits in the highly sought after Valley Central SD, featuring luxury and convenience at your fingertips. Custom built colonials lead the way as you drive down the beautiful tree lined road into the last phase of this development. This expansive colonial is loaded up and ready for you to enjoy with friends and family. The main level features gleaming hardwood floors throughout, a formal living room and family room, a spacious dining room, chefs kitchen with plenty of cabinetry and S/S appliances, laundry room on main level for easy access, and a half bath for convenience. As you make your way up to the second floor, you're welcomed by a large master suite with a full walk in closet, master bath with double vanities, oversized spa like tiles, and a walk in shower. Additionally, there are three large bedrooms with plenty of closet space and a finished 600SF bonus room ready for you to create your own movie room, game room, second master suite, and so much more! Driveway will be paved before closing. Close to shopping, restaurants, schools, public transportation, major highways ie: I84 and RT 17. Schedule your appointment today!
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| Oct 4, 2023 | Temporarily off market | - | |
| Temporarily off market | |||
| Jul 28, 2023 | Price Increased |
$725,000
↑ $25K
(3.6%) | |
| Price Increased | |||
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About Orange
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017