29591 Laredo
About This Property
This beautifully designed ranch-style home offers 2,831 sq. ft. of living space on an expansive 10,000+ sq. ft. lot, perfectly positioned at the end of a quiet cul-de-sac with breathtaking mountain views all around.
The home features a charming front porch that sets the tone for this charming home. As you step inside immediately off the entry is a versatile flex room ideal for an office or sitting/family room.
The dinning area and gourmet kitchen offer everything for the modern entertainer: a grand island, bright natural lighting, granite counters, soft-close cabinetry, double ovens, microwave, island with a grill, roof cover to the island with capabilities to hang a TV, stainless steel hood, and walk-in pantry.
One bedroom and full bathroom can be found downstairs, perfect for in-laws or guests.
Upstairs you can find the four spacious bedrooms, a loft/sitting area and two full bathrooms including the master bedroom. The Master features his and hers sinks walk-in closet, full bathtub, walk-in shower, along with built in custom shoe racks/drawers.
The living area sits next to the kitchen/dinning area and has ample space with large glass doors leading to your back yard, giving you the perfect view of your pool.
The pool was added in 2022 and features a big Baja step able to hold 2 lounge chairs, 2 seats in the deep end, 2 waterfalls and a fire feature. Other backyard features include custom BBQ built in 2023, a patio cover (added with pool) that can stretch the length of the home, with double steel to support and outlets on posts.
Other features include 14 fully paid-off solar panels which offering energy efficiency and long-term savings, second side door added for rear backyard, 2 car garage,
The community also offers 3 pools and its own with club house to use. The home is close to Kathryn Newport Middle School, La Ladera Park , Canyon Lake, grocery stores, freeway access and so much more.
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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%.
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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.
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 |
|---|---|---|---|
| May 23, 2026 | Listed by Estate Properties | $849,000 | |
| Listed by Estate Properties | |||
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About Menifee
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017