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21322 Cancun
About This Property
This charming home in the guard-gated senior (55+) community of Palmia. Situated in a corner lot cul-de-sac location, this lovely home offers 3 BR, 3bath, plus loft. This unique listing has a spacious main floor master BR suite, main floor BR, and SECOND master and loft on the 2nd floor well suited for a guest retreat. The strikingly high ceilings are adorned with two story windows and freshly painted interiors. Given the positioning of the home on a corner lot, the home enjoys ample unobstructed natural lighting throughout the day. Brand new wood laminate flooring & baseboards throughout the main floor is in pristine condition along with newly installed carpet on stairs and throughout upstairs. The spotless white kitchen is a gourmet chef's dream, with plenty of storage in the pantry and surrounding cabinets & space for a kitchen nook. The living room runs parallel to the dining room and across from the kitchen - a truly unique and open floor plan. The master bedroom + suite is in the back of the property and tucked away for privacy with side door access to the backyard. The outdoor space in this home is not only lovely but low-maintenance. Bougainvillea flowers pour over the backyard and is a breathtaking backdrop for the downstairs BR, ideal for office use. The Palmia offers pool, spa, 18 hole putting green, tennis courts, bocce ball, club house, fitness room, library, card & game room. Access to Lake Mission Viejo Lake.
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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 |
|---|---|---|---|
| May 22, 2020 | Sold | ||
| Sold | |||
| Mar 30, 2020 | Listed by Century 21 Award | $729,850 | |
| Listed by Century 21 Award | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017