422 Elsmere Drive
About This Property
The living room showcases a striking brick fireplace and floor-to-ceiling windows, setting a warm and inviting tone. The dining room is conveniently located just off the living room, with a wet bar in between, perfect for entertaining. You'll love the remodeled kitchen with custom stone counters, rustic wood cabinets, a breakfast bar accommodating 3–4 stools, a new stainless hood, and a new stainless faucet. The kitchen provides direct access to the 2-car garage, which now features a new garage door opener.
Downstairs also features a remodeled half bath with a single vanity and new light fixture. Upstairs, the dark wood laminate flooring contrasts beautifully with the neutral tile downstairs. The primary suite, situated for privacy, boasts wood-beamed ceilings, a fantastic walk-in closet with an organizer, a dual-sink vanity with new faucets and lighting, a custom tiled shower/tub combo, and a separate toilet area.
Two additional bedrooms are down the hall, sharing a wall and adjacent to a remodeled bathroom featuring a single vanity, new lighting, and a custom tiled shower/tub combo. Additional storage includes cabinets upstairs and a closet downstairs to maximize your space. A new tankless water heater enhances efficiency and convenience.
This home also features a private patio with a fence opening to a green area, perfect for pets and offering privacy with no neighbors behind you. Situated in a quiet, serene community with excellent amenities, it's just minutes from major shopping, restaurants, and freeway access. Visitor parking is plentiful, making life even more convenient. Don't miss this affordably priced gem-schedule your showing today!
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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 |
|---|---|---|---|
| Feb 14, 2025 | Sold | ||
| Sold | |||
| Jan 3, 2025 | Listed by Redfin Corporation | $474,900 | |
| Listed by Redfin Corporation | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
01/03/2025
| |
3 Bed
|
3 Bath
|
1528 ft²
|
$474,900
3 Bed
3 Bath
1528 ft²
|
$481,500
+1.39%
02/14/2025
|
Amber Esquibel
Redfin Corporation
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017