1537 Banyan Drive
About This Property
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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 |
|---|---|---|---|
| Jun 16, 2023 | No longer available | - | |
| No longer available | |||
| May 22, 2023 | Listed by Dalton Real Estate | $1,150,000 | |
| Listed by Dalton Real Estate | |||
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Mid-Century Modern ranch-style home in Ridgecrest Estates with original soaring beamed ceilings. This four-bedroom, 2 ½ bath custom home was remodeled in 2022 and 2023, including all-new kitchen, cabinets, backsplash, leathered granite countertops, hardware, floors, interior and exterior paint, and fabulous lighting fixtures. A wall of windows flank the large wood-burning stone fireplace flooding the room with light.The home has air conditioning, and fans in every room. The beautiful patio for entertaining has a private solar-heated pool surrounded with lush gardens overlooking a family orchard and vegetable garden. The open floor plan kitchen/dining/living room flows onto the covered veranda and pool area. Perfect for large parties. The 400 square foot bonus room has a ½ bath and can be used as additional bedrooms, office, playroom, media room, or converted into an apartment with a separate entrance. The property is fully fenced, has an electric gate, oversized 3-car garage (approximately 900 square feet), and RV parking. The property is very private. It feels like you are in a forest with no neighbors. The gardens are organic and have been maintained without chemical pesticides or fertilizer and are thoroughly irrigated. There are four raised garden beds. The gardens are easy to maintain and have flowers all year round—tons of roses and fruit trees of almost every kind, including mulberry (yum!) There is an Incredible amount and variety of delicious fruit, herbs, and vegetables. Hawks nest in the oaks and visit the bird baths. There is also a Koi pond.
You will love relaxing with your family and friends in the swimming pool. Butterflies, dragonflies and birds will visit you. The view of the hills around the house at sunset is stunning.
The house was built for entertaining. The living room and kitchen flow out to the patio, BBQ, and pool area, creating a beautiful indoor/outdoor space for your parties. There's room for 40 people to be seated at tables on the pool deck.
The spacious bonus room is exceptional and can be used as additional bedrooms, an office, playroom, art or music studio, media room, or gym. It could also easily be converted into a one-bedroom apartment with a separate entrance. Perfect for grandma!
The oversized garage has space for three large vehicle and plenty of room at the back for a hobby workshop or storing your motorcycles or ATVs. There is parking next to the garage for your recreational vehicle. The manager has listed the unit size as 2494 square feet.
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| Nov 18, 2013 | Sold | ||
| Sold | |||
| Aug 25, 2013 | Listed by Real Living Lifestyles | $589,000 | |
| Listed by Real Living Lifestyles | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017