2 Lago Norte #13
About This Property
At base of stairs is door to back patio and on either side two large bedrooms. Sleeping is a breeze due to cooler, lower walk-out level. Bedroom to right has frosted glass door to remodeled bathroom with custom tile work, RH fixtures, jacuzzi tub and shower, and window. Larger master suite on left has sliding glass door to patio and double frosted doors to vanity providing privacy to occupants. Off vanity is door to custom walk-in closet, and on opposite side a frosted door to large remodeled shower and toilet with bidet. All toilets are ADA-compliant and new. Through closet is reconfigured storage area with newly wrapped duct work and additional shelving the full width of house. Screened access at one end allows natural air to circulate, maintaining temperature and dryness. Home re-roofed and tented end of 2023. Garage, upgraded with drop-down stairs to provide large lighted storage above. Not an exaggeration to say entire house has been upgraded with an artist's flair! This is one-of-a-kind home in beautiful, highly desired location!
House in acclaimed Irvine School District, including University High. Two community pools and spas. Conveniently located near UCI, William Mason Park, John Wayne Airport, Newport Beach, Fashion Island and walking distance to shops and entertainment. Water, trash, exterior maintenance included in association dues.
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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 |
|---|---|---|---|
| Aug 9, 2024 | Sold | ||
| Sold | |||
| Jul 9, 2024 | Listed by Realty One Group West | $1,325,000 | |
| Listed by Realty One Group West | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
07/09/2024
|
2 Bed
|
3 Bath
|
1645 ft²
|
$1,325,000
2 Bed
3 Bath
1645 ft²
|
$1,330,000
+0.38%
08/09/2024
|
Thomas Grimes
Realty One Group West
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017