193 Terrace Drive
About This Property
So much home for the price. Such a quality custom built, well maintained stunning home with all kinds of bells and whistles and it can be yours! Situated on a peaceful and private country setting tucked away on 1.5 acres yet in the Village of Homer, you will be proud every time you drive up to come home. This one has the whole package beginning with the positioning of the home setting back off the road to enjoy and take all in the beautiful yard, landscaping and overall grand appearance and brilliant red exterior. Enjoy private views of nature with the multiple decks and covered front porch It offers a fantastic open concept kitchen and living room with fireplace making for a lovely space to entertain, cook. Wine and dine. The kitchen has plentiful counter space, beautiful appliances and cabinets galore. There is main floor laundry, guest powder room, full bath to service the 2nd and 3rd bedrooms and a master with a beautiful ensuite and large walk-in closet. The quality is notable, all doors and trim are of solid Oak. It is well insulated throughout with the outside 2x6 walls to the insulated interior walls for sound deadening, they thought about everything on this one. It has geothermal, which is known for it's energy saving properties and even radiates heat through all of the floors including the basement! No more cold toes on those midnight trips to the bathroom! The home is plumbed with PEX and centrally controlled by a manifold system making access easy. Most of the full basement has been recently and beautifully finished into a huge rec room with wood accents, modern and rustic touches, daylight windows, and high ceilings. You can even add more bedrooms if you choose. And there is a half bath also just added ready for your finishing touches but all the hard work is done. Don't forget the nice 2+ car attached garage with large unfinished bonus room/man cave and private dead end road, what's left to want? Be the lucky proud new owners in this quaint community, call Noelle Pelton today for a private showing at !
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Cap Rate Calculator
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 |
|---|---|---|---|
| Mar 6, 2023 | Sold | ||
| Sold | |||
| Jul 6, 2022 | Listed by Berkshire Hathaway HomeServices Michigan Real Estate | $409,900 | |
| Listed by Berkshire Hathaway HomeServices Michigan Real Estate | |||
| May 9, 2017 | Sold | ||
| Sold | |||
| Oct 25, 2016 | Listed by Berkshire Hathaway HomeServices Michigan Real Estate | $258,000 | |
| Listed by Berkshire Hathaway HomeServices Michigan Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017