394 Hill Court
About This Property
The primary home, encompassing 1,779 square feet, boasts three bedrooms and two bathrooms and attached two car garage. The spacious layout includes a lovely open kitchen flowing into the living room and dining area, perfect for family gatherings. An expansive bonus room at the rear of the house offers an ideal space for entertaining. The home is adorned with luxury vinyl plank flooring, has been freshly painted throughout the interior, and comes with new vanities in both bathrooms. Enjoy the convenience of a whole house water filtration system with an alkaline additive. The kitchen is a chef's dream, featuring granite countertops, stainless steel appliances, and a stylish tile backsplash. The primary bathroom enjoys a fabulous subway tile walk-in shower, exuding style and comfort.
The secondary home, with its 871 square feet of living space, provides two bedrooms and two bathrooms and a three car garage. This charming home offers a wonderfully open living area, enhanced with a whole house fan to keep cool during hot summer evenings. The kitchen, open to the living room, features granite countertops, stainless steel appliances, and an inviting island, making it perfect for both daily living and entertaining. Both bathrooms are tastefully designed with elegant tile enclosures, granite counters, and chic vanities. Both homes are equipped with fully paid solar systems, ensuring energy efficiency and sustainability.
The property also includes three sheds for all your storage needs and a diverse array of fruit trees such as guava, lemon, lime, cherimoya, honey crisp apple, mandarin, persimmon, pomegranate, and plum. Nestled at the end of a serene cul-de-sac, this property offers the perfect balance of privacy and convenience, being just a short distance from town. A secondary entrance at the bottom of the property presents endless opportunities, including the potential for an additional ADU to generate extra income.
Embrace the endless possibilities and make this extraordinary property your new home.
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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 |
|---|---|---|---|
| Nov 12, 2024 | Sold | ||
| Sold | |||
| Oct 13, 2024 | In contract | - | |
| In contract | |||
| Oct 7, 2024 | Relisted | $1,250,000 | |
| Relisted | |||
| Oct 7, 2024 | No longer available | - | |
| No longer available | |||
| Oct 5, 2024 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017