1920 Valencia ROAD
About This Property
Upon entering, a light-filled sunroom with ceramic tile flooring provides an ideal spot for relaxing with a good book or setting up a home office space. Continuing into the living room, a custom-built bookcase accommodates your flat screen TV and offers ample storage. Adjacent to the living room is a dining area leading to the updated galley kitchen (remodeled in 2019) featuring white shaker cabinets, granite countertops, and stainless-steel appliances.
A beautiful, newly installed French door leads to the backyard, where you can grow your own veggies in the raised planting beds (one with irrigation tubes). The private, fully fenced backyard is perfect for pets to roam or for enjoying al fresco dining under the charming cafe lights on the paver patio.
Back inside, the larger primary bedroom offers vintage-style corner windows, while all three bedrooms feature wood-look laminate flooring and ceiling fans. The retro hall bathroom offers period tile, a custom vanity with a stone sink, and a tub/shower combo, providing everything you need in a compact space.
The laundry area, with washer/dryer included, is situated in the garage (12x23), which still allows space for your car. Recent upgrades include NEW interior paint (2024), a NEW French back door (2024), a NEW front door (2022), NEW wood deck and raised planting beds (2022), NEW roof (2020), and NEW custom bookcases (2020), along with a full kitchen remodel (2019).
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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 |
|---|---|---|---|
| Jul 17, 2024 | Sold | ||
| Sold | |||
| Jun 17, 2024 | In contract | - | |
| In contract | |||
| Jun 10, 2024 | Price Decreased |
$419,000
↓ $10K
(2.3%) | |
| Price Decreased | |||
| May 29, 2024 | Price Decreased |
$429,000
↓ $10K
(2.3%) | |
| Price Decreased | |||
| May 16, 2024 | Listed by KELLER WILLIAMS WINTER PARK | $439,000 | |
| Listed by KELLER WILLIAMS WINTER PARK | |||
Property Highlights
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About Colonialtown South
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017