2204 Balboa RD
About This Property
Upon entry, be greeted by the warmth of weathered French oak flooring that spans throughout the residence. The interior provides a seamless blend of modern sophistication and vintage allure, showcased by the meticulously updated kitchen adorned with quartz countertops, all-new Kitchen Aid appliances, and an under-counter wine fridge, while the island countertop, crafted from a vintage French oak table, serves as the centerpiece of the space, complete with a charming soda pop foot bar. Boasting 2 bedrooms and 2 baths, with plumbing for a third full bath creating the potential to expand. Both bathrooms have been completely revitalized with new shower tile, plumbing fixtures, and shower glass installed, while vintage vanities with marble tops add a touch of classic sophistication. The newly screened-in porch not only provides the perfect spot to unwind and enjoy the tranquil surroundings but also offers the ability to create a third bedroom, making it an ideal new master suite. For those in need of additional space, a detached office provides a quiet retreat. Venture outdoors to discover raised garden beds, majestic century oak trees, and a planting shed. Additional updates include a new AC and furnace, windows, skylight, exterior landscape lighting, French drains, gutters with leaf guards, and exterior stucco. Embrace the ultimate in outdoor living with access to the amenities offered through the voluntary HOA, including Lake Austin access, a beach area, boat ramp, community pool, picnic area, and clubhouse. Discover the epitome of modern luxury, convenience, and recreational amenities in this renovated residence, where every detail has been carefully curated to exceed your expectations.
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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 |
|---|---|---|---|
| Feb 6, 2024 | In contract | - | |
| In contract | |||
| Jan 30, 2024 | Listed by KW-Austin Portfolio Real Estate | $750,000 | |
| Listed by KW-Austin Portfolio Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017