19 Sutherland Drive
About This Property
Step inside to a living and dining area with window shutters and French doors leading to a relaxing outdoor space. The wraparound side yard includes a covered patio with a large fireplace and seating areas for entertaining. The backyard is an entertainer's paradise, offering endless views of rolling hills, trees, and even Founder Park Fireworks. Enjoy the cool evening breezes from this elevated private corner lot. Outdoor amenities include a built-in BBQ, outdoor kitchen, fireplace, lemon tree, tropical landscaping, and a custom GOLF PUTTING green. The custom private pool and spa (300k) feature LAP JETS, 3 water fountains, custom lighting, stacked stone walls, and a beautiful colored pebble surface.
The gourmet kitchen is a chef's dream, featuring a large granite island with a sink, double ovens, a microwave, a 5-burner gas stove, recessed lighting, and ample storage. With custom built-ins, a breakfast bar, and views of the pool, the kitchen opens to the family room with a fireplace and mantle, creating an ideal space for gathering.
Upstairs, the primary master suite awaits, offering a custom walk-in closet and stunning west-facing views. The bathroom includes dual sinks, a frameless shower, a large bathtub, and a picturesque window with serene views. 3 additional spacious bedrooms are also located on this floor (one of which is used as a home office with built-ins), along with a convenient upstairs laundry room and plenty of storage. A built-in desk station adds functionality in the hallway.
Beautifully remodeled several years ago, ALL NEW PLUMBING, crown molding, extensive wood and tile flooring downstairs, and newer warm interior paint. Upgrades include custom shutters and built-ins throughout. The third-car garage has been converted into an additional bedroom/home office, with French doors leading to the incredible backyard.
This home also includes 23 fully PAID OFF solar panels (50K), providing energy efficiency & reduced expenses. Experience the best of Ladera Ranch with access to multiple pools, parks, & amenities. This is truly a rare find!
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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 |
|---|---|---|---|
| Oct 23, 2024 | Sold | ||
| Sold | |||
| Oct 7, 2024 | In contract | - | |
| In contract | |||
| Sep 30, 2024 | In contract | - | |
| In contract | |||
| Sep 24, 2024 | Price Decreased |
$1,999,000
↓ $76K
(3.7%) | |
| Price Decreased | |||
| Sep 12, 2024 | Listed by First Team Real Estate | $2,075,000 | |
| Listed by First Team Real Estate | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017