16243 Summershade Drive
About This Property
The primary suite has been thoughtfully expanded, offering a luxurious retreat with an oversized en-suite bathroom, walk-in shower, soaking tub, and a spacious walk-in closet. Throughout the home, you'll find newer vinyl plank flooring, updated window treatments, and recently installed windows (2023), providing a blend of style, comfort, and energy efficiency.
Step outside to the inviting covered patio, accessible from both the family room and the primary bedroom, perfect for relaxing or entertaining while enjoying California's year-round beautiful weather.
Additional modern upgrades include a new air conditioner (2023), a roof replaced in 2020, and a water heater from 2019. The garage is equipped with an electric vehicle charger, and the home is enhanced with solar panels for energy savings. A charming front porch, highlighted by a welcoming light teal Dutch door, adds to the home's incredible curb appeal.
This home is the epitome of modern living in a prime location-don't miss the opportunity!
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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 |
|---|---|---|---|
| Nov 12, 2024 | Sold | ||
| Sold | |||
| Oct 20, 2024 | In contract | - | |
| In contract | |||
| Oct 9, 2024 | Listed by Compass | $999,000 | |
| Listed by Compass | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017