2379 Element Way #3
About This Property
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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.
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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 3, 2025 | Sold | ||
| Sold | |||
| Feb 12, 2025 | In contract | - | |
| In contract | |||
| Feb 12, 2025 | Price Decreased |
$645,000
↓ $10K
(1.5%) | |
| Price Decreased | |||
| Nov 1, 2024 | Listed by Compass | $655,000 | |
| Listed by Compass | |||
| | |||
|
Welcome to this extensively UPGRADED tri-level home in the highly sought-after Millenia Community! This stunning property has been thoughtfully transformed by the seller with a host of premium upgrades. The home features fresh paint and brand-new premier carpeting throughout, complemented by new baseboards. The kitchen has been beautifully reimagined with brand-new shaker-style cabinets—a $15,000 upgrade—along with a $2,000 reverse osmosis water filtration system upgrade, a new dishwasher, and a new garbage disposal. Custom free-standing wall in the living room has been structurally reinforced to accommodate a TV mount, creating the perfect space for relaxation and entertainment. Set in a quiet rolling hills setting, this home offers privacy and charm from the moment you arrive. The private entrance winds along an interior path, leading to a welcoming front patio with a half wall ideal for gardening or lounging. Bright and open floor plan with dramatic oversized windows, a private deck off the main level, and a seamless blend of indoor-outdoor living. Gourmet kitchen featuring an oversized island, quartz countertops, stainless steel appliances, and a sunlit window. Adjacent dining and living areas provide ample room to entertain, private balcony offers a serene retreat, perfect for outdoor dining or enjoying your morning coffee al fresco. Primary suite w/a spa-like ensuite bathroom featuring dual sinks, and gleaming subway tiles. This home is part of a vibrant community with exceptional amenities. See Supplement. Discover modern elegance in this stunning 3-story home in the highly sought-after Millenia community. Located against the backdrop of the famous Flower Fields on Hunte Parkway, enjoy both privacy and space. This home is part of a vibrant community with exceptional amenities, including a pool, parks, BBQ area, tennis and pickleball courts, private dog parks, and more. Millenia's surrounding area offers yoga studios, beautiful mountain trails, highly rated schools, coffee shops, restaurants, and a state-of-the-art $96 million library. List of Recent Upgrades with Dates: Fresh paint throughout entire home (November 2024) Brand new premier carpeting throughout entire home (November 2024) Brand new baseboards (November 2024) Brand new shaker style cabinets ($15,000 upgrade) The owner also paid an extra $2,000 for a reverse osmosis water filtration system so you can enjoy purified water from your tap. New Dishwasher (September 2024).) New garbage disposal (2024.) The owner paid for the free-standing wall in the living room to be structurally reinforced for a TV mount, making it the perfect place to relax and unwind. There is an electric hookup for the washer and dryer in its separate room on the third floor.
| |||
| Apr 27, 2018 | Sold | ||
| Sold | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
11/01/2024
|
2 Bed
|
3 Bath
|
1288 ft²
|
$655,000
2 Bed
3 Bath
1288 ft²
|
$645,000
-1.53%
03/03/2025
|
Cristi Chaquica
Compass
| |
|
05/13/2021
|
3 Bed
|
3 Bath
|
1430 ft²
|
$599,000
3 Bed
3 Bath
1430 ft²
|
-
-
|
-
| |
|
02/25/2021
|
2 Bed
|
3 Bath
|
1288 ft²
|
$475,000
2 Bed
3 Bath
1288 ft²
|
$495,000
+4.21%
03/25/2021
|
Ronald Navalta
| |
|
01/28/2020
|
3 Bed
|
2 Bath
|
1475 ft²
|
$465,000
3 Bed
2 Bath
1475 ft²
|
$460,000
-1.08%
03/23/2020
|
Malena Suarez
Berkshire Hathaway HomeServices California Properties
| |
|
08/16/2017
|
3 Bed
|
2 Bath
|
1475 ft²
|
$402,000
3 Bed
2 Bath
1475 ft²
|
$424,120
+5.50%
04/27/2018
|
Lisa Sanshey-Beaudin
Shea Advantage
| |
|
08/16/2017
|
2 Bed
|
2 Bath
|
1288 ft²
|
$367,000
2 Bed
2 Bath
1288 ft²
|
$396,375
+8.00%
04/27/2018
|
Lisa Sanshey-Beaudin
Shea Advantage
|
Building Info
About Otay Ranch
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017