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228 Longbranch Road
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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 |
|---|---|---|---|
| Mar 5, 2025 | Sold | ||
| Sold | |||
| Jan 7, 2025 | Listed by Century 21 Masters | $1,799,999 | |
| Listed by Century 21 Masters | |||
| | |||
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Prepare to fall in love! This stunning, expanded 3,000-square-foot, two-story remodel is a masterpiece, designed to captivate even the most discerning buyer. Nestled in the highly sought-after horse zoned Country Lane neighborhood, this modern farmhouse offers a host of endless premium features and upgrades. From the moment you step through the double-entry front doors, you're greeted by an open floorplan with breathtaking views of the completely re-designed backyard. The half-acre lot boasts a sparkling replastered pebble-sheen pool and spa, huge stamped concrete patio with ample separate seating areas, approved plans for an outdoor kitchen and gazebo, with full utilities. There is a flat pad at the rear of the yard, perfect for an ADU or horse facilities. For RV enthusiasts, the property includes generous street-to-horse trail access with a washout station. You can store multiple RV's, boats, etc. Inside, every detail has been meticulously curated with high-end finishes and thoughtful design. The durable wood-like laminate flooring flows throughout, complemented by striking black Milgard windows and doors, Milgard oversized bi-fold slider to the backyard, solid wood interior doors, and Restoration Hardware fixtures. The neutral interior palette sets a serene tone, while the dream kitchen becomes the focal point for gatherings. It features marble countertops and backsplash, a commercial-grade Thermador appliance suite with a built-in coffee maker, custom two-tone cabinetry with gold-accent hardware, and deep drawers with pullouts for seamless organization. A separate bar and wine fridge complete the space. The main level also includes a family room with a sleek new gas wall fireplace, an adjacent dining area, and a remodeled powder room. A newly designed laundry room in the garage adds convenience, along with ample storage. Upstairs, four spacious bedrooms offer scenic views of the backyard oasis. The primary suite has been transformed into a sanctuary, featuring paneled wall accents, a walk-in closet, and an expansive balcony perfect for enjoying tranquil mornings or sunsets. The master bath exudes modern elegance with a floating vanity and custom lighted mirror. The exterior is equally impressive, with a new gray paver driveway, three-car garage, updated wood fencing, fresh front sod, and artificial turf in the backyard. The lush landscaping includes a vegetable garden and tropical palm trees, enhancing the property's resort-like ambiance. This home is truly one-of-a-kind, reflecting unparalleled attention to detail and care. Experience the beauty and luxury in person--this is a property you'll never want to leave!
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| Oct 21, 2022 | Sold | ||
| Sold | |||
| Aug 10, 2022 | Listed by Century 21 Masters | $1,149,000 | |
| Listed by Century 21 Masters | |||
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About Simi Valley
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017