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12222 Skyline Drive
About This Property
Virtual Tour: https://my.matterport.com/show/?m=NNkDaH9sb73&brand=0
One acre home with breathtaking views of hills & lights. Secluded amid magnificent trees and lush surrounds, this exquisite property located in North Tustin's Lemon Heights boasts a wonderfully inviting interior environment blending rustic wood details, soaring beamed ceilings and an abundance of windows overlooking rolling hillsides and city lights. Encompassing approx. 4,490 square feet, the home is truly an architectural marvel with its timeless construction and exceptional craftsmanship enhanced with gorgeous wood flooring and shiplap walls. Natural sunlight brightens its primary living areas including a piano size living room with limestone fireplace and family room also with fireplace, each of which open to patios through French doors making extended outdoor living an absolute must. The gourmet kitchen boasts stainless steel appliances, granite countertops and a separate butler's pantry. Five generous bedrooms including two master suites – one on the primary level & one upstairs, with six bathrooms updated with stunning tilework. There are formal and informal dining areas, plus a game room/office that can also be used as a bedroom. The view-oriented, multi-level yard with countless fruit bearing trees includes a primary patio with built-in barbecue and a large grassy play yard. Located close to award winning schools, parks, walking trails & all shopping and dining.
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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 1, 2020 | Sold | ||
| Sold | |||
| Mar 12, 2020 | Listed by Seven Gables Real Estate | $2,195,000 | |
| Listed by Seven Gables Real Estate | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017