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1400 High Lonesome
About This Property
Recently renovated, the home boasts a range of modern upgrades that ensure comfort and convenience. Enjoy brand-new appliances in the spacious kitchen, a new water heater, and a recirculating hot water pump for instant hot water. The pool area has been revitalized with resurfaced decking and upgraded equipment, creating an inviting oasis for relaxation and entertainment. A new roof and new garage doors add to the home's appeal and functionality.
Inside, the open floor plan is accentuated by soaring vaulted ceilings and numerous large windows, flooding the space with natural light and showcasing the breathtaking hill country views. This layout is perfect for indoor/outdoor living, allowing you to seamlessly entertain guests or enjoy quiet evenings at home.
The main floor features a private gym, which could easily be converted into a fifth bedroom, providing flexibility to suit your needs. Above the detached garage, you'll find additional space that offers great potential for storage or a studio.
This exceptional property combines modern living with stunning natural beauty, making it the perfect place to call home. Don't miss your chance to experience the luxurious lifestyle that awaits you here!
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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 |
|---|---|---|---|
| Nov 18, 2024 | In contract | - | |
| In contract | |||
| Nov 15, 2024 | Relisted | $1,398,000 | |
| Relisted | |||
| Nov 12, 2024 | In contract | - | |
| In contract | |||
| Nov 4, 2024 | Listed by Kuper Sotheby's Int'l Realty | $1,398,000 | |
| Listed by Kuper Sotheby's Int'l Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017