29253 Southerness
About This Property
The large kitchen is a chef's dream, featuring generous counter space, a central island, and modern appliances, making it perfect for both everyday meals and entertaining. Upstairs, the loft provides a versatile space for a home office, playroom, or additional living area, depending on your needs.
Step outside to the entertainer's backyard, where you'll find a California Room for year-round outdoor living, a cozy fire pit for those chilly evenings, and low-maintenance turf that adds to the backyard's appeal. The front yard features easy-care artificial turf, offering both beauty and convenience with minimal upkeep.
This home is located in a vibrant, family-friendly community that boasts fantastic amenities, including sparkling pools and multiple parks. Whether you're relaxing at home or enjoying the outdoors, this property offers the best of both worlds.
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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 |
|---|---|---|---|
| Jan 15, 2025 | Sold | ||
| Sold | |||
| Dec 10, 2024 | Listed by Coldwell Banker Assoc Brokers | $652,999 | |
| Listed by Coldwell Banker Assoc Brokers | |||
| Aug 12, 2024 | Sold | ||
| Sold | |||
| Jun 24, 2024 | Listed by Oscar Tortola Group Real Estate Services | $650,000 | |
| Listed by Oscar Tortola Group Real Estate Services | |||
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Welcome to 29253 Southerness, a stunning home nestled in the desirable Summerly community of Lake Elsinore. This exquisite 4-bedroom, 3-bathroom residence offers a spacious 2,521 sqft of living space, including a convenient downstairs bedroom. Boasting incredible curb appeal, the property features beautifully landscaped front and back yards with low-maintenance turf.
Step inside to find upgraded vinyl flooring and elegant cabinetry throughout, creating a modern and cohesive feel. The open-concept layout is perfect for entertaining, with a large kitchen island, granite countertops, and stainless steel appliances. The expansive Cal Sun room extends your living space, leading out to a serene backyard complete with a gas fire pit for cozy evenings.
Upstairs, a generous loft provides additional living space, ideal for a home office or media room. The master suite offers a private retreat, while the upstairs laundry room adds convenience to your daily routine. This turn-key home is move-in ready, offering everything you need for comfortable and stylish living. Don’t miss the opportunity to make this beautiful property your own!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017