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16396 71st Lane N
About This Property
Situated on a spacious 1.25-acre lot with no HOA restrictions, this property provides ample space for your dream lifestyle, including the potential for a detached guest house, garage, or even a barn for your horses and livestock.
As you step inside, you'll be greeted by an inviting open-concept layout that seamlessly connects the living room, dining area, and kitchen. Vaulted ceilings with elegant crown molding add a touch of sophistication The heart of the home is the recently updated kitchen, featuring sleek quartz countertops, stainless steel appliances, and plenty of cabinetry for all your storage needs. Whether you're hosting a dinner party or enjoying a quiet meal at home, this space is perfect for both entertaining and everyday living.
The split bedroom plan offers privacy and comfort, with the master suite serving as a true retreat. It boasts a spacious walk-in closet, a luxurious en-suite bathroom with double sinks, and a walk-in shower. The remaining three bedrooms are generously sized and share a well-appointed bathroom.
Step outside to your own private oasis, where a stocked pond, fire pit, and shaded outdoor dining area create the ultimate setting for relaxation and entertainment. The expansive backyard is ideal for a variety of outdoor activities, with plenty of room to park your boat, RV, or trailer. The property is also equipped with a solar array, making it both eco-friendly and energy-efficient.
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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 27, 2024 | Sold | ||
| Sold | |||
| Aug 13, 2024 | Listed by Keller Williams Realty - Wellington | $550,000 | |
| Listed by Keller Williams Realty - Wellington | |||
| Mar 20, 2017 | Sold | ||
| Sold | |||
| Feb 17, 2017 | Sold | ||
| Sold | |||
| Dec 19, 2016 | Listed by Keller Williams Realty - Wellington | $310,000 | |
| Listed by Keller Williams Realty - Wellington | |||
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About The Acreage
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017