199 Avocado Place
About This Property
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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 |
|---|---|---|---|
| Aug 2, 2024 | Sold | ||
| Sold | |||
| Jul 10, 2024 | Listed by Keller Williams Exclusive Properties | $2,500,000 | |
| Listed by Keller Williams Exclusive Properties | |||
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Welcome to your tranquil haven in the secluded area of Los Posas Estates, a rare gem rarely available on the market. This magnificent 3,597 square-foot, single-story Mediterranean style villa is nestled on a beautifully landscaped one-acre parcel, providing the perfect blend of privacy and convenience.As you approach the gated estate at the end of a private road, the circular driveway sets the tone for the peaceful ambiance that awaits. Enter through the grand double doors, and you'll be greeted by a stunning view of a large courtyard with a tranquil fountain--the first of several outdoor entertaining areas designed for ultimate relaxation and enjoyment. This exquisite home features four spacious bedrooms, three luxurious bathrooms, and a three-car garage. The gourmet kitchen is a chef's dream, equipped with a Viking stove and seamlessly connected to a spacious family room with a cozy fireplace. The formal dining room, adorned with a beautiful light fixture, sets the stage for elegant dinners, while the separate living room with vaulted ceilings offers picturesque views of both the courtyard and the backyard. The primary suite is a sanctuary, boasting a spa-like bath with a freestanding tub overlooking a serene garden and a large walk-in shower. The meticulously designed acre is an entertainer's paradise, featuring a covered gazebo with heaters, a beautiful outdoor fireplace, and a sparkling pool and spa--perfect for enjoying the breathtaking sunsets. For those who love gardening, there is a raised bed garden area adjacent to several fruit trees, ensuring fresh produce year-round. The thoughtfully planted redwood sanctuary with an enchanted playhouse adds a magical touch to the property. This exceptional single-story home is designed for easy maintenance with a drip irrigation system and solar power. Truly, this home has it all and must be seen to be fully appreciated. Come and experience the peaceful, Zen-like atmosphere of this magnificent villa--an entertainer's delight that transforms beautifully as the sun sets.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017