1651 Scooter Ln
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 |
|---|---|---|---|
| Aug 19, 2024 | Sold | ||
| Sold | |||
| Jun 7, 2024 | Listed by KW Temecula | $1,598,800 | |
| Listed by KW Temecula | |||
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Tuscany in Fallbrook! Welcome to this exceptional home and property that offers a unique opportunity for those seeking a dream residence w ADU or an investment property, in a serene and picturesque setting. Nestled on a gated and fenced 1.89-acre lot, the historic adobe home was built in 1946 and tastefully remodeled throughout. With charming architecture and well-preserved character, the main residence exudes warmth and elegance and offers dynamic valley and vineyard views. The property features 2 separate residences, PLUS a classic 27' Airstream w modern appointments, as well as a three-car garage, spacious driveway w extra parking AND a modern workshop w electricity, plumbing split system for heating and cooling and 2 roll up doors. Strolling through the grounds, you'll discover an enchanting waterfall & pond and your very own vineyard, offering breathtaking sunsets and panoramic views. The property boasts 640 vines, featuring a variety of grapes such as Zinfandel, Syrah, Petite Sirah, Montepulciano, Barbera and Viognier. An efficient auto drip irrigation system ensures a healthy and vibrant vineyard. Inside the home, you'll find an open & spacious main living area with a huge wood-burning fireplace, perfect for cozy evenings. The kitchen is open to the main living space and features upgraded Quartz countertops, self closing cabinetry, stainless steel appliances and amazing views, w an enticing front patio area accessible thru a French door. Extensive renovations and remodeling have been completed, including new Pella Windows, an enclosed dining area addition at the main residence, wood and "brushed, chiseled" travertine floors and a barrel-vaulted wine cellar, adding charm and appeal. For outdoor entertainment, the rebuilt swimming pool and spa feature updated equipment in a luxurious setting. A new pergola with a barbecue, sink, and cabinets provides a delightful space for poolside al fresco dining and relaxation. There are two separate property entries, 1 public & 1 private, ensuring convenience and privacy. The 2nd residence is a charming ADU with wood-burning fireplace and remodeled bathroom. Both residences AND the airstream offer exceptional short-term income opportunities with documented history available. Powered by 51 new solar panels, the property provides eco-friendly energy and reduced utility costs. A new electric HVAC system ensures year-round comfort. Don't miss out on this incredible opportunity to own a piece of Tuscany in Fallbrook.
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| Jan 28, 2024 | No longer available | - | |
| No longer available | |||
| Nov 1, 2023 | Listed by Keller Williams - Temecula Valley | $1,980,800 | |
| Listed by Keller Williams - Temecula Valley | |||
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Tuscany in Fallbrook! This exceptional property offers a unique opportunity for those seeking a dream residence or an investment property in a serene and picturesque setting. As one of the founding wineries on the prestigious Fallbrook Wine Trail, this property boasts award-winning wines and an enchanting ambiance. Nestled on a gated and fenced 1.89-acre lot, historic adobe home was built in 1946 and comes fully furnished. With charming architecture and well-preserved character, this home exudes warmth and elegance. The property features a three-car garage with new doors and a spacious driveway with dedicated winery parking. Strolling through the grounds, you'll discover an amazing waterfall and your very own vineyard, offering breathtaking sunsets and panoramic views of grazing horses and the Fallbrook hills. Included in the price is a licensed and permitted boutique winery, complete with equipment, fully stocked wine inventory, and an active wine club. Whether you operate it yourself or hire a team, this turnkey winery business provides endless possibilities for wine enthusiasts and entrepreneurs. The property boasts 640 vines, featuring a variety of grapes such as Zinfandel, Syrah, Petite Sirah, Montepulciano, Barbera, and Viognier. An efficient auto drip irrigation system ensures a healthy and vibrant vineyard. Inside the home, you'll find a spacious living area with a huge wood-burning fireplace, perfect for cozy evenings. Extensive renovations and remodeling have been done, including a new Pella Window enclosed addition, wood and travertine floors, and a barrel-vaulted wine cellar, adding charm and appeal. For outdoor entertainment, the rebuilt swimming pool and hot tub feature updated equipment. A new pool pergola with a barbecue, sink, and cabinets provides a delightful space for al fresco dining and relaxation. Two separate entries, one public and one private, ensuring convenience and privacy. Additionally, a charming additional dwelling unit with a wood-burning fireplace and exceptional short-term rental history offers income opportunities. A classic 27-foot Airstream with a private patio is also included, expanding possibilities for short-term rentals or accommodating guests. Powered by 51 new solar panels, the property provides eco-friendly energy and reduced utility costs. A new electric HVAC system ensures year-round comfort. Don't miss out on this incredible opportunity to own a piece of Tuscany in Fallbrook. The manager has listed the unit size as 2123 square feet.
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| Sep 15, 2023 | No longer available | - | |
| No longer available | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017