24042 Falcons View Drive
About This Property
The pool area is surrounded by unique Italian Pilaster Columns, creating a picturesque setting against the backdrop of mountain and countryside views. The gourmet kitchen is a chef's dream, equipped with a stainless steel DCS dual-fuel stove with grills and ovens, a 48" Thermador refrigerator, an upgraded LG dishwasher, and a brushed chrome Elkay triple sink. The countertops, breakfast island, and wet bar are adorned with beautiful beveled granite.
The expanded family room is perfect for entertaining, featuring a cherry-finished wet bar and triple-vaulted windows that frame breathtaking views of the yard and mountains. The home also includes an expanded downstairs bedroom for added convenience.
The master suite is a luxurious haven, complete with a vaulted ceiling, crown molding, indirect lighting, baseboards, a private retreat, and a balcony. The master also boasts two walk-in closets and brand-new windows and sliding doors. A guest-style side room off the garage offers a versatile space ideal for exercise or hobbies.
In 2020, the seller invested nearly $200,000 in a new design for a approx. 15000SF home, which has been approved by the City of Diamond Bar. A complete set of drawings and plans will be provided to the potential buyer. This home truly offers a unique combination of luxury, comfort, and breathtaking views.
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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 | |||
| Feb 1, 2025 | In contract | - | |
| In contract | |||
| Oct 9, 2024 | Relisted | $2,490,000 | |
| Relisted | |||
| Oct 5, 2024 | No longer available | - | |
| No longer available | |||
| Sep 1, 2024 | Listed by RE/MAX Galaxy | $2,490,000 | |
| Listed by RE/MAX Galaxy | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017