HUGE PRICE REDUCTION! LOWEST PRICED DETACHED HOME IN PRESTIGIOUS
TURTLE ROCK! REFRESHED SINGLE STORY with VIEWS FROM EVERY
WINDOW! Entertainer's Dream Home with a HUGE 10,857 SQUARE FOOT LOT
with complete privacy and no homes behind it! This popular
one-story model offers 4 bedrooms and appx 2,367 square feet. Step
through the double door entry into a foyer overlooking an enclosed
central atrium with beautiful plants, flowers and patio cover that
create a peaceful indoor-outdoor connection. NEWLY sanded and
lightly stained hardwood floor and refreshing NEW paint!
French doors with windows throughout the home enhance its
bright, inviting atmosphere with an abundance of natural light. The
elegant living room showcases soaring ceilings, custom lighting and
a cozy fireplace, seamlessly connecting to the formal dining room
for effortless gatherings. The Chef's Gourmet kitchen is both
stylish and functional showcasing Bosch stainless steel appliances,
Silestone countertops, custom cabinetry, glass backsplash, a garden
window and an informal dining area perfect for everyday living. The
open-concept family room features designer built-in cabinets, a
wine bar, a comfortable fireplace and French doors that open to a
huge Architecturally designed landscaped backyard. Step outside to
this stunning, landscape architect–designed hillside backyard
featuring a terraced slope, custom sculptures, fruit trees,
multiple patio areas, lush landscaping, artificial turf grass and a
built-in entertainment space with custom barbecue, ideal for
hosting or relaxing. The private primary bedroom suite includes a
remodeled spa-like bath with soaking tub, dual vanities, skylight,
glass-enclosed shower and mirrored wardrobe closet doors. Currently
there is a door leading to one of the secondary bedrooms which is
easily replaced with drywall for complete privacy in both bedrooms.
Or alternatively, leave the door and easily access the back
bedrooms. All 3 large secondary bedrooms are conveniently located
near the indoor laundry. The INDOOR LAUNDRY IS EASILY CONVERTED TO
3rd BATH. Additional highlights include ample garage storage with a
pull-down ladder for attic access. Low HOA of $152/month
provides access to a pool, spa, tennis courts, playground, and
park. Enjoy Low Taxes and No Mello Roos. Ideally located near
beaches, hiking trails, premier shopping, restaurants, and major
freeways. Short walking distance of award-winning University High
School and Turtle Rock Elementary!
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.
Patio and Porch Features: Enclosed, Front Porch, Patio, Concrete
Pool Features: Association
Lot Features: Back Yard, Cul-De-Sac, Front Yard, Sprinklers In Rear, Sprinklers In Front, Landscaped, Level, Lawn, NearPark, Ranch, SprinklerSystem, StreetLevel, Trees, Yard
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