1925 Glencoe Way
About This Property
As you enter, you are greeted by a spacious formal living room featuring a cozy fireplace, perfect for gatherings and relaxation. The kitchen, seamlessly connected to the family room, provides a focal point for everyday living and entertaining. It boasts direct access to the private rear yard with views, ideal for outdoor dining and enjoying the California sunshine.
This inviting single level home features 3 bedrooms and 2 recently updated bathrooms, along with a versatile convertible den that can easily serve as a 4th bedroom or home office/den, accommodating various lifestyle needs. The master bedroom includes an ensuite bathroom for added convenience and privacy. Two of the bedrooms have been combined into one flexible large room. Sliding doors have been installed to seamlessly use the space as two separate bedrooms.
Additional highlights of this residence include a tubular skylight in the formal living room, central air and heat system to ensure year-round comfort, updated double-pane windows offering energy efficiency and noise reduction, laminate flooring as well as updated copper plumbing. A newer roof and water heater contribute to the home's overall appeal and reliability.
For added convenience, the laundry area is located in the attached 2-car garage with direct access, providing ample storage space and ease of use. The well maintained grounds offer a covered patio, spacious fenced yard and a variety of mature trees.
Conveniently located close to the local shops, restaurants, parks, and excellent schools.
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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 16, 2024 | Sold | ||
| Sold | |||
| Aug 13, 2024 | In contract | - | |
| In contract | |||
| Jul 17, 2024 | Listed by Compass | $1,398,000 | |
| Listed by Compass | |||
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About Montecito Park
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017