28118 Millstream Court
About This Property
The chef's kitchen features upgraded white cabinetry, granite countertops, a subway tile backsplash, and double ovens. A large island with pendant lighting creates a central gathering space, while the butler's pantry and walk-in pantry provide ample storage. A custom wine bar with a built-in wine fridge, hutch, counter, backsplash, and LED lighting adds a touch of luxury. The open-concept family room, complete with custom cabinets and shelving, seamlessly connects to the kitchen and dining areas.
Step outside to a backyard built for entertaining. The 18x30 saltwater pool is surrounded by low-maintenance artificial turf, raised flower beds, and extended hardscape areas. A built-in patio cover with retractable sunshades and an additional 12x20 Aluma Wood cover ensure comfort in all seasons. Exterior lighting enhances the space, while the pool storage cabinet and hard deck areas add convenience.
Thoughtful upgrades, include plantation shutters, upgraded laminate wood flooring on the main level, low-pile carpet in the bedrooms, and tile in the bathrooms and laundry room. Energy-efficient features include a dual-zone HVAC system, tankless water heater, and a fully paid-off solar system with 18 Tesla panels (5.525 kW). The 3-car tandem garage offers custom overhead storage, and the upstairs laundry room includes a sink and additional cabinets.
Located in the Heritage Lake community, residents enjoy access to parks, walking trails, lake activities, pools, spas, and picnic areas. With its prime location on a quiet cul-de-sac and a wealth of upgrades, this home is a rare find. Schedule your tour today and experience the best of Menifee living!
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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 3, 2025 | Sold | ||
| Sold | |||
| Jan 21, 2025 | Listed by Greenleaf Real Estate | $815,000 | |
| Listed by Greenleaf Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017