1513 Althea Drive
About This Property
This 4 bed 4.5 bath contemporary home by R2 Custom Homes is a one of a kind, with designer touches throughout. Situated on one of the best streets and blocks in Oak Forest, surrounded by newer homes, this home has everything a family wants and needs. Upon entry you are greeted with a grand foyer and a gorgeous staircase. The living room and kitchen are open to one another and lend themselves perfectly to entertaining even the largest of parties. The chefs kitchen features a large island, commercial grade appliances including Wolf and Sub Zero, views of backyard and plenty of storage even for the avid chef. With 3 bedrooms located on the second floor and 1 on the first, the site lends itself perfectly to an open landscaped backyard big enough to add a pool in the future! This home has it all. (**Buyer to verify square footage).
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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 |
|---|---|---|---|
| Sep 9, 2022 | Sold | ||
| Sold | |||
| Jul 27, 2022 | Listed by Greenwood King Properties | $1,350,000 | |
| Listed by Greenwood King Properties | |||
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Sensational designer's showcase in Oak Forest! A grand foyer and reception hall lead guests into the open living area featuring the chef's kitchen and first floor living area. Highlighted in the kitchen are an oversized island, Wolf six burner range with double ovens and griddle, Sub-Zero refrigerator along with an additional breakfast area,handsome butler's pantry and oversized walk-in pantry. Effortless entertainment flows through this floor plan for all party sizes. The first floor also offers an en-suite bedroom for those who desire to stay down. Step up into the primary bedroom on the second floor complete with sitting area and spa-like bath featuring double vanities, soaking tub, generous shower, and boutique-like closet. An additional two secondary bedrooms along with a study and substantial game/media room complete with wet bar allow for the ultimate home experience.
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| Sep 1, 2020 | Sold | ||
| Sold | |||
| Jan 27, 2020 | Listed by Keller Williams Realty | $1,219,000 | |
| Listed by Keller Williams Realty | |||
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**VIDEO WALKTHROUGH AVAILABLE FOR THOSE PRACTICING SOCIAL DISTANCING. CONTACT LISTING AGENT FOR DETAILS**
This 4 bed 4.5 bath contemporary home by R2 Custom Homes is a one of a kind, with designer touches throughout. Situated on one of the best streets and blocks in Oak Forest, surrounded by newer homes, this home has everything a family wants and needs. Upon entry you are greeted with a grand foyer and a gorgeous staircase. The living room and kitchen are open to one another and lend themselves perfectly to entertaining even the largest of parties. The chefs kitchen features a large island, commercial grade appliances including Wolf and Sub Zero, views of backyard and plenty of storage even for the avid chef. With 3 bedrooms located on the second floor and 1 on the first, the site lends itself perfectly to an open landscaped backyard big enough to add a pool in the future! This home has it all. (**Buyer to verify square footage).
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017