23052 Stearn Circle
About This Property
The primary bedroom suite is spacious and has vaulted ceilings, a private deck, and a full bathroom with two separate vanities and a shower. All additional bedrooms and bathrooms are also generously sized.
The private wraparound backyard is adorned with lush greenery, and a variety of fruit trees including lime, pomegranate, tangerines pomelo, guava, mango, fig, nectarine, white peach, grapefruit, chirimoya passion fruit, apple, and two avocado trees. A serene atmosphere for relaxation and entertainment.
Additional features of the property include a laundry room with built-in cabinets and sink, a portion of the 3-car garage has been converted into a spacious and carpeted multi-purpose room with built-in cabinets ideal for a home office, game room, or accommodation for guests. If preferred, sellers are willing to revert back to a 3-car garage if desired. This home also benefits from new air ducts, double-pane windows, hardwood flooring, and more.
This home is equipped with OWNED AND PAID-FOR SOLAR PANELS, saving you on energy costs. Enjoy full access to the Lake Forest Beach & Tennis Club with great amenities such as tennis courts, an Olympic pool, a swimming lagoon, an indoor jacuzzi, a weight room, a billiard room, and more. This home is conveniently centrally located near shopping centers. It's simply a great place to call home.
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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 |
|---|---|---|---|
| Nov 5, 2024 | Sold | ||
| Sold | |||
| Oct 13, 2024 | In contract | - | |
| In contract | |||
| Oct 7, 2024 | Relisted | $1,248,000 | |
| Relisted | |||
| Oct 6, 2024 | No longer available | - | |
| No longer available | |||
| Oct 5, 2024 | No longer available | - | |
| No longer available | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017