12640 Locust Way
About This Property
Enjoy the beautiful views, as the home backs to open space with a walking path that allows easy walking and biking access throughout Thornton.
A spacious office on the 1st floor has French doors for privacy and convenience to work from home. All the bedrooms are on the top floor. Master bedroom has an attached master retreat area, plus an upgraded master bathroom and walk-in closet. The bonus room above the garage can be used as flex-space for an exercise room, play room, home theater, a 2nd office, or another bedroom. The 3-car garage was fully insulated at the time of home construction, which makes it easy to keep it warm even through the coldest winters.
Furnace and A/C (central air) are high-efficiency and quiet. Double-cell window blinds throughout the home provide excellent insulation. Upgraded windows and blinds can be opened top/down as well as bottom up. A whole house fan by QuietCool allows you to open windows throughout the house and exchange the air with cooler outside air. Solar system is 100% paid via pre-paid lease. Solar was sized to provide 100% of the electric bill and there is no monthly solar lease payment so you essentially get free electric.
The entire home has always been non-smoking.
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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 |
|---|---|---|---|
| Oct 8, 2024 | Sold | ||
| Sold | |||
| Sep 20, 2024 | In contract | - | |
| In contract | |||
| Sep 12, 2024 | Price Decreased |
$680,000
↓ $5K
(0.7%) | |
| Price Decreased | |||
| Aug 31, 2024 | Price Increased |
$685,000
↑ $5K
(0.7%) | |
| Price Increased | |||
| Aug 14, 2024 | Listed by Coldwell Banker Realty 24 | $680,000 | |
| Listed by Coldwell Banker Realty 24 | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017