316 W Kalmia
About This Property
The kitchen is honest and capable-nothing flashy, just reliable appliances that have already proven they can handle morning coffee rituals, late-night pasta experiments, and everything in between. It is a kitchen that says, "I've got you," rather than demanding attention.
But oh... the backyard.That is where the story truly expands.
It is vast. A green kingdom stretching out beneath open skies, so large it feels almost mythical. Here, dreams have room to run. Imagine a glittering swimming pool where laughter echoes on summer nights. Or a sleek pickleball court where friends become family. Perhaps a charming horse stall tucked in the corner, with the soft nicker of a gentle companion greeting the dawn. Or simply an oversized lawn where barefoot children chase fireflies and golden retrievers roll in the grass until the stars come out.
This house has been cared for with love and foresight. Solar panels arrived in 2019, quietly harvesting sunlight ever since. The main electrical panel was upgraded to match. A new water heater in 2018 ensures warm showers without worry. And in 2020, a fresh roof was laid-strong and protective-everywhere except where the solar panels already stand guard like a crown. These are not just upgrades; they are quiet promises of reliability whispered into the bones of the home.
An attached two-car garage waits patiently for your vehicles, your bicycles, your half-finished projects. Everything here feels considered, intentional, and ready. There's a dedicated laundry room too!
A bright, comfortable, move-in-ready home that already feels lived-in and loved, yet holds open every door for your own story to begin. A place where mornings are peaceful, evenings are golden, and the backyard stretches out like an open invitation from the universe itself: Here, you may grow.
Come. Stand on the threshold.
Listen. It is already saying your name.
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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 |
|---|---|---|---|
| Jun 23, 2026 | Sold | ||
| Sold | |||
| May 22, 2026 | In contract | - | |
| In contract | |||
| May 8, 2026 | Listed by Benchmark Properties | $650,000 | |
| Listed by Benchmark Properties | |||
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About Fallbrook
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017