38501 Oaktree Loop
About This Property
The home features two spacious bedrooms with walk-in closets, one located downstairs and one upstairs, creating flexible living arrangements for guests or multi-generational living. The bedrooms are designed as matching suites, each with its own distinctive fireplace. Downstairs living areas include two gas fireplaces, creating warm and inviting spaces for everyday living and entertaining. The living room fireplace features elegant wood and tile detailing, adding character and charm.
Upstairs, the private bedroom retreat includes a large built-in credenza with an electric fireplace, creating a cozy sitting area. The upstairs loft overlooks the staircase and works well as a home office, reading nook, or quiet retreat.
A unique feature of the home is the sunken bar area, a classic architectural detail offering flexibility for a variety of uses. It has served as an artist's studio thanks to its excellent lighting and small sink, and can easily function as a bar, office, or creative workspace.
Outdoor living is equally inviting, with a patio that provides convenient access to the nearby community pool, making it easy to enjoy the Bear Creek lifestyle.
This home offers a wonderful combination of comfort, character, and versatility in one of the area's most established communities. Sellers may consider paying for one year of HOA dues.
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Cap Rate Calculator
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 11, 2026 | Sold | ||
| Sold | |||
| May 22, 2026 | In contract | - | |
| In contract | |||
| May 1, 2026 | Listed by KW Temecula | $549,900 | |
| Listed by KW Temecula | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
05/01/2026
| |
2 Bed
|
2 Bath
|
1840 ft²
|
$549,900
2 Bed
2 Bath
1840 ft²
|
$520,000
-5.44%
06/11/2026
|
Elizabeth Jones
KW Temecula
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017