1908 Vanderbilt Lane #E
About This Property
This home has undergone $100k worth of renovations, enhancing both the interior and the backyard. The upgrades include brand new double-pane windows, ensuring energy efficiency and a quiet, serene environment. New flooring has been installed throughout the entire townhome, giving it a fresh and modern feel. The primary bathroom has been completely renovated, offering a luxurious space to relax and unwind. Additional upgrades further enhance the comfort and style of this home, making it a modern haven that blends style and function seamlessly.
The primary bedroom upstairs features an unobstructed view from the balcony, complete with swaying palm trees and a private yard, perfect for a future pet. Enjoy your mornings with coffee on the front patio, host gatherings in the beautifully upgraded backyard with food and cocktails, and unwind in the evening with a glass of wine as you watch the sunset from the balcony.
The convenience of an upstairs laundry room adds to the thoughtful design of this home. Located in a small, intimate complex of just eight units, it fosters a close-knit, neighborhood feel. The area offers excellent shopping, dining, gyms, and is highly walkable, with a nearby park adding to the community's appeal. This townhome is the perfect blend of coastal living, modern convenience, and luxurious upgrades.
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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%.
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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 24, 2024 | Sold | ||
| Sold | |||
| Sep 8, 2024 | In contract | - | |
| In contract | |||
| Aug 22, 2024 | Listed by Compass | $1,148,000 | |
| Listed by Compass | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
08/22/2024
|
3 Bed
|
3 Bath
|
1459 ft²
|
$1,148,000
3 Bed
3 Bath
1459 ft²
|
$1,210,000
+5.40%
09/24/2024
|
Danielle Goldey
Compass
| |
|
01/13/2020
|
2 Bed
|
3 Bath
|
1412 ft²
|
$795,000
2 Bed
3 Bath
1412 ft²
|
$795,000
03/17/2020
|
Julia Hunter
Landmark Realtors
|
Building Info
About North Redondo Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017