3674 VALENCIA Road
About This Property
This immaculate traditional home has been totally renovated from stem to stern in 2020 with some of the highest quality finishes. Upon arrival, you'll love the wrap-around porch and inviting front entry. Once inside, you're greeted by a cozy living room with a brick fireplace. Beyond the living room is a large dining room with a huge window bank that allows natural light to flood the space.
The gourmet-inspired kitchen is open to the dining room and the living room room
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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 |
|---|---|---|---|
| Jan 19, 2024 | Sold | ||
| Sold | |||
| Oct 5, 2023 | Listed by ENGEL & VOLKERS FIRST COAST | $675,000 | |
| Listed by ENGEL & VOLKERS FIRST COAST | |||
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Experience timeless elegance and contemporary comfort in this meticulously updated historic home in the heart of Avondale. Offering a rare blend of historic charm and modern amenities, this property is a true gem. Additionally, there are two detached income-producing apartments on the premises, and an assumable loan with an enviable interest of 2.625%. Contact listing agent(s) for more details.
Key Features:
Historic Charm Meets Modern Comfort:
Step into a beautifully restored historic home where classic architectural details coexist with modern conveniences. Beautiful engineered hardwood floors throughout, light and bright colors, and an open concept kitchen, dining, and living space. Enjoy the neighborhood while sitting on the covered wraparound porch that exudes historic class.
Remodeled Kitchen: The heart of the home, the kitchen, has been thoughtfully remodeled to offer stainless steel appliances, beautiful white cabinetry, and stylish fixtures.
Versatile Floor Plan: On the main level, discover a bedroom with an ensuite bath, ideal for guests or as a convenient first-floor primary bedroom. An additional bedroom and bath on the main level provide flexibility for various lifestyles could be a guest room or an office. Upstairs, a luxurious primary suite with an ensuite bath awaits, offering a private sanctuary with a soaking tub, custom tile, two vanities, and a huge walk-in glass shower.
Bonus Room: The upstairs bonus room can serve as a fourth bedroom, a home office, or a recreation space to suit your needs such as a home office, a gym or yoga studio.
Income-Producing Apartments: This unique property includes two detached apartments that provide substantial rental income. Perfect for investors or multigenerational living, too. The apartments pull in $2,290 per month (384 sq. ft. 1/1 downstairs and 462 sq. ft. 1/1 upstairs). Both apartments are separately metered for utilities, and have their own kitchen, laundry facilities, and private backyards. Looking for a triplex? The main home can also be leased and was previously leased for $2,450/month.
Abundant Storage: Ample storage options throughout the home ensure that you can keep your space organized and clutter-free. There is a large storage space upstairs in the main house and two detached garages, which are currently delighted to the apartments, but could be brought back to owner-occupied use.
Assumable Loan with Low Interest Rate: Take advantage of the rare opportunity to assume an existing loan with a desirable interest rate!
Don't miss your chance to make this Avondale beauty your own. Contact us for a private showing and explore the possibilities this unique property has to offer!
Located in the sought-after historic district of Avondale! Close to the Shoppes of Avondale, several parks, restaurants, shopping, and more! A 10 min drive downtown, 15 mins to NAS, and 25 mins from the St. Johns Town Center!
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| Jul 11, 2022 | Listed by ENGEL & VOLKERS FIRST COAST | $675,000 | |
| Listed by ENGEL & VOLKERS FIRST COAST | |||
| Sep 9, 2020 | Sold | ||
| Sold | |||
| Jul 23, 2020 | Listed by ENGEL & VOLKERS FIRST COAST | $545,000 | |
| Listed by ENGEL & VOLKERS FIRST COAST | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017