3144 Alta Verde Dr.
About This Property
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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 |
|---|---|---|---|
| Oct 17, 2026 | Listed by Oceanview Realty | $1,265,000 | |
| Listed by Oceanview Realty | |||
| Aug 8, 2024 | Sold | ||
| Sold | |||
| Apr 25, 2024 | Listed by Real Broker | $1,200,000 | |
| Listed by Real Broker | |||
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Welcome to your dream home nestled in the heart of Fallbrook! This stunning property boasts 4 bedrooms and 4.5 bathrooms across 3,022 square feet of beautifully renovated living space, an attached granny flat/casita providing an additional 350+ square feet and a fully functioning 1,000+ square foot out-building with paved paths, power and water, ideal for an ADU or guest house conversion. Sitting atop 1.22 acres of usable land, this residence offers breathtaking westward Mountain Views, perfect for enjoying spectacular sunsets. Two primary ensuites provide unparalleled luxury, one conveniently located on the entry level and another on the upper level featuring an exceptional walk-in closet with built-ins, dual sink vanity, soaking tub, fireplace and balcony with panoramic views. Two additional bedrooms share a Jack and Jill bathroom, while the attached lower level granny flat/casita offers versatility with two private entrances, a full bathroom, kitchenette and ample storage, making it a great space for in-laws, guests or short or long-term tenants. Outdoor living is elevated with a tropical oasis, including mature palm trees, various producing fruit trees, plenty of space for further landscaping and fully fenced. Inside, custom hand-carved doors and vaulted ceilings greet you, leading you to an entertainer’s paradise! The kitchen, dining and living area boast a wet bar, fireplace and large bay window showcasing the views! Step onto the expansive Trex deck with a built-in BBQ or relax by the newly renovated pool. Renovations include new stainless steel kitchen appliances, flooring, upper-level primary bath, HVAC system, hot water heater, pool and pool equipment, interior/exterior lighting, plumbing, fresh interior/exterior paint and the list goes on! Additional amenities include a 3-car garage, storage shed and spacious driveway, making this property the epitome of luxury living in Fallbrook!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017