12863 Stone Tower Loop
About This Property
The open kitchen is a delight, boasting plenty of cabinets for storage, under-cabinet lighting that adds a touch of elegance & the stainless steel appliances have all been replaced with the french door fridge & disposal replaced in 2023.
Equipped with a high-end Trane (2022) the air conditioning system ensures a comfortable climate throughout the home. The entire residence is adorned with tile flooring, while the bedrooms showcase beautiful plank tile, creating a perfect balance of style and practicality. Both the exterior & interior have been tastefully painted in neutral colors, providing a timelessly backdrop for your personal style.
As you explore further, you'll notice the thoughtful upgrades, including newer light fixtures that enhance the ambiance of each space. The garage is not only insulated for energy efficiency but also extended for additional storage space. The laundry area has been updated with a newer dryer and features a wash sink for added convenience.
The large master bedroom's crown jewel is the back wall of windows framing the mesmerizing lake view. This room is a sanctuary, that creates a serene atmosphere.
Discover the added bonus of fishing as the neighborhood offers serene lakes with opportunities to cast a line right from your backyard. This peaceful pastime adds an extra layer of charm to your new home.
This happy home is flooded with natural light and has been meticulously cared for, and it shows in every detail. The neighborhood itself is a treasure trove of amenities, with walking and bike paths meandering along the picturesque lakes. Enjoy a game of tennis or pickleball or work-out in the gym, let the kids have a blast at the playground, baseball field, in-line hockey skating rink, sand volleyball & basketball courts or simply unwind by the community pool and spa. There are also many neighborhood activities to enjoy for all ages. All of these amenities for low hoa fees that include Xfinity cable & high speed internet.
Gateway, the sought-after community where this residence is nestled, provides even more conveniences with its proximity to restaurants, shopping and easy access to the airport. Gateway also offers Gateway Country Club for golf enthusiasts, and a dog park. Don't miss the chance to make this exceptional property your own and experience the perfect blend of comfort, style, and the serenity of lakeside living.
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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 |
|---|---|---|---|
| Aug 21, 2024 | Sold | ||
| Sold | |||
| Jul 29, 2024 | In contract | - | |
| In contract | |||
| Jul 14, 2024 | Relisted | $425,000 | |
| Relisted | |||
| Jul 12, 2024 | In contract | - | |
| In contract | |||
| Feb 25, 2024 | Listed by EXP Realty LLC | $425,000 | |
| Listed by EXP Realty LLC | |||
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About Gateway
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017