1220 ELM TREE Road
About This Property
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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 |
|---|---|---|---|
| Jul 19, 2022 | Sold | ||
| Sold | |||
| May 16, 2021 | Listed by Berkshire Hathaway HomeServices Chicago | $2,295,000 | |
| Listed by Berkshire Hathaway HomeServices Chicago | |||
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Fantastic estate is reminiscent of a luxury Italian villa two blocks from Lake Michigan. Situated on a 1.45-acre parcel in one of Lake Forest's most exclusive neighborhoods, surrounded by beautiful homes, winding roads, and mature trees. Serene and exquisitely renovated home showcases elegant high-end finishes and a terrific floorplan. A welcoming foyer has a checkerboard marble floor and a doorway leading to the open living/dining room concept. This voluminous room has an 11' beamed ceiling, two custom limestone fireplaces with marble hearths and oak overmantels, 5" quarter sawn oak hardwood floors (both levels), and French doors that overlook the beautiful rear yard and terrace. A serene sunroom overlooks the South garden, with a fountain and whirlpool. To the north end of the home, a home office with wood-paneled walls overlooking the rear terrace and private yard. The designer kitchen features crisp white O'Brien Harris cabinetry, marble counters, backsplashes, a custom island with maple butcher block top and marble ends, Edgar Berebi hardware, Wolf range, SubZero refrigerator/freezer, and Shaw bar sink. The second level has four bedrooms, three renovated bathrooms, and two dressing rooms, all with treetop views of the property. The primary bedroom suite renovated in 2013. It is complete with a fireplace, Bagues sconces, custom closets/doors with Berebi hardware, and a dressing room with lovely built-in dressers, shoe drawers, and a settee. The bath has a double marble vanity, and wet room with copper tub, heated towel racks and separate shower. Top to bottom, the owner has gone to great lengths to meticulously restore this one-of-a-kind home! Truly a unique offering!
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| Nov 14, 2007 | Sold | ||
| Sold | |||
| Dec 15, 2006 | Listed by Coldwell Banker Residential | $2,495,000 | |
| Listed by Coldwell Banker Residential | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017