3607 Terrace Place
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 |
|---|---|---|---|
| Sep 13, 2024 | Sold | ||
| Sold | |||
| Aug 13, 2024 | In contract | - | |
| In contract | |||
| Jun 19, 2024 | Listed by Real Broker | $2,199,999 | |
| Listed by Real Broker | |||
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Rare to the market! This stunning property features owned solar, a newly remodeled entertainer's dream backyard and a separate single-story second home, perfect for multigenerational living or generating rental income. The main house offers 4 spacious bedrooms, a bonus room, a loft, formal living and dining spaces, and an open-concept kitchen and family room with an oversized serving island for everyday convenience and enjoyment. Ideal for outdoor living and entertaining, this home is situated on a large private cul-de-sac lot. The backyard boasts an extensive remodel, including underground drainage, a saltwater pool rebuild with a grotto and cave addition, all new tile, coping, plaster, pebble-tec, plumbing, and a standalone spa with a water feature. The new pool equipment can be controlled via smartphone and heated by either furnace or solar power. Spend cozy evenings on the brand new elevated patio by the fire pit, enjoying peekaboo views of the surrounding hills. This unique property also includes separate, single-story, one-bedroom home with a full kitchen, dedicated laundry, separate entry, and private outdoor patio space, offering great potential for rental income or comfortable guest accommodations. Recent upgrades include remodeled main house bathrooms with heated tile floors, a whole-house fan, a new water heater, a new furnace, and high-quality Milgard windows with a lifetime transferable warranty. The kitchen appliances were replaced within the last year, ensuring modern convenience. Located within walking distance to top-rated Carlsbad Unified schools, hiking trails, and parks, and just a short drive to Carlsbad State Beach and all of San Diego’s famous attractions, this prime property has it all!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017