378 Lancaster Street
About This Property
You will be impressed from the time you drive onto the paver drive and appreciate the landscape expertly designed by Ecotones, and notice the Empire Block siding by Nichiha. The custom entry door opens to reveal the floating stairs of stainless steel and Alder. Flooring downstairs is solid stain concrete, and the doors are Ecoresin Bamboo barn door sliders. Atop the floating stairs is the open concept Living, Master Suite, and Office, all with the views.
Chef's Kitchen, Living and Dining areas share a romantic gas fireplace to compliment the 2 window walls that take your eye from Cambria, Moonstone Beach, the Cove, the Lighthouse, and the Castle. Sunsets will entertain you nightly, and whale & wave watching in daylight. The Master has its own private garden patio with ocean views, gas fire pit, sliding privacy shades. There are just too many details in this showplace home to include here. Amenities list is in supplements. If you are a discriminating buyer you will want to get your Realtor to show this home right away!
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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 6, 2021 | No longer available | - | |
| No longer available | |||
| Mar 19, 2021 | In contract | - | |
| In contract | |||
| Feb 22, 2021 | Listed | $1,399,000 | |
| Listed | |||
| | |||
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State of the art. Top of the line. Panoramic. These are the recurring themes for this almost-new home, describing finishes, appliances, and the ocean view that stretches from the crashing waves below to the lighthouse and beyond. 3 bedrooms, 2 ½ baths, plus an office with separate entrance and patio and the open concept living plan. About 10 years ago contractor Paul Duston oversaw the desires of then owners who used impeccable taste to incorporate all the right stuff into their forever home. Please see the supplement attached for list of those amenities. Interior includes kitchen that is beautiful and functional w/ Thermidore appliances. Niches for art in entry, a balcony, open stairs, vaulted ceilings, built-ins in office and closets, custom barn doors. Bathrooms include warm floors, jetted tub, roll-in shower. Outdoors is fully landscaped, hot tub, dog yard w/ artificial grass, Ipe’ decking, ocean views. With a separate entrance is another space currently used as media room. The equipment is amazing, rivaling a modern theatre, and is available for purchase as well. All of this, and, short walk to Fiscalini Ranch Preserve!!! Call your Realtor today to see this special offering. You won’t be disappointed. See the video walk-through (VT1 icon) on listing when in active status! The manager has listed the unit size as 1800 square feet.
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| Mar 23, 2018 | Sold | ||
| Sold | |||
| Dec 15, 2017 | Listed by The Real Estate Company of Cambria | $1,099,000 | |
| Listed by The Real Estate Company of Cambria | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017