3497 JESSE RD
About This Property
The great room, a showstopper in itself, impresses with its generous size, gas fireplace, and large windows that bathe the room in natural sunlight. Connecting seamlessly to the great room is the delightful sunroom, offering a serene retreat with access to the backyard oasis – complete with new fencing, a custom stamped concrete patio, and a shed. The main floor is graced by a master suite boasting tray ceilings, upgraded tile in the master bathroom, and a walk-in shower with dual seating. The custom-designed stairs cater to the concept of "aging in place," providing a landing for a breath of respite. Additionally, this level features a full bathroom, main floor laundry, and an additional bedroom or office.
Ascending to the upper level, a spacious loft area presents versatile possibilities, ideal for a play area or a tranquil book nook. Two large bedrooms connected by a Jack & Jill bathroom offer a perfect blend of shared and private spaces. The option for a second-floor laundry adds convenience to this thoughtfully designed layout. The full finished basement is a haven for entertainment, relaxation, or hosting friends. With a bonus room, this space is both functional and versatile. Ample storage is provided, including a massive crawlspace. Additional features include a newer roof, solar panels, shed, Steeple Chase Irrigation System with six zones, a new hot water heater, central AC, gas heating, public water and sewer connections, all contributing to the seamless blend of comfort and functionality. In every corner and every detail, this custom-built Delray model stands as a testament to the pursuit of perfection in modern living. Welcome home to a life of luxury and convenience!
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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 |
|---|---|---|---|
| Jan 26, 2024 | Sold | ||
| Sold | |||
| Dec 15, 2023 | In contract | - | |
| In contract | |||
| Nov 17, 2023 | Listed by Exit Homestead Realty Professi | $497,000 | |
| Listed by Exit Homestead Realty Professi | |||
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About Vineland
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017