21142 Palese Drive
About This Property
The entire interior was freshly painted in July, along with brand new luxury vinyl plank flooring throughout the home, including the staircase. The custom kitchen is a standout, featuring handmade white oak cabinets, christalis quartzite countertops and backsplash, 4 modern crystal pendant lights and fresh reset lighting. This kitchen has never been used. An expensive MOD lighting chandelier which matches the kitchen graces the entryway, and custom recessed lighting and unique fixtures enhance EVERY room. The windows were professionally cleaned along with the entire air duct system, and the vents were acid washed. There is a beautiful custom wall art feature in the living room that make this home both unique and inviting.
Situated on a desirable corner lot, the house features stunning landscaping, with three separate islands of palm trees and vibrant flowers. The outdoor space is equally impressive, with a pool, hot tub, and a luxury vinyl deck. A brand-new outdoor kitchen from Paradise Grills is fully equipped with plumbing and electricity. There is a paradise grills GSL 32 grill and CSL 32 professional grade cocktail station, wine fridge, sink, and drawers. The grill has only been used once. The roof and AC are newer as well.
The master bedroom offers a custom closet by Closets by Design, with custom recessed lighting, adding to the home's thoughtful design. This home, barely lived in, with a kitchen that has never been used, represents an incredible value with all the upgrades included. Don't miss the opportunity to own this custom, turnkey home. Owner will include the upgraded golf cart with the home.
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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 |
|---|---|---|---|
| Jan 31, 2025 | Sold | ||
| Sold | |||
| Dec 28, 2024 | In contract | - | |
| In contract | |||
| Dec 28, 2024 | Price Decreased |
$775,000
↓ $25K
(3.1%) | |
| Price Decreased | |||
| Dec 14, 2024 | Price Decreased |
$800,000
↓ $10K
(1.2%) | |
| Price Decreased | |||
| Nov 30, 2024 | Price Decreased |
$810,000
↓ $15K
(1.8%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017