42710 Somerset Way
About This Property
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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%.
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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 |
|---|---|---|---|
| Dec 21, 2022 | No longer available | - | |
| No longer available | |||
| Nov 11, 2022 | In contract | - | |
| In contract | |||
| Nov 7, 2022 | Price Decreased |
$879,000
↓ $10K
(1.1%) | |
| Price Decreased | |||
| Nov 5, 2022 | Listed by HK Lane Real Estate | $889,000 | |
| Listed by HK Lane Real Estate | |||
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Custom home on 11,326 sq.ft. corner lot in gated Bermuda Dunes Country Club. Owners have tastefully remodeled with new flooring and quartz counters in gourmet kitchen and wet bar, as well as stainless steel appliances. Kitchen is open to an inviting family room with fireplace. The great room with sit down wet bar and sliders to the rear pool/spa area is spacious and bright with walls of glass for plenty of light. The primary suite has a stunning granite floor to ceiling fireplace for those cooler evenings, as well as sliders to the rear patio area. The primary bathroom boasts a Roman bath/shower with glass block, two closets with built-ins, and a skylight for extra light. The other two bedrooms share a full bathroom. There is also a convenient powder room and shutters throughout. This home has plenty of storage: a floor to ceiling double door pantry off the kitchen, large laundry room with a sink and built-in ironing board (for those who iron...)! Texas-sized garage has a walk in storage room and plenty of room for two cars. The rear yard has a covered patio area with built-in BBQ island with sink, pull down shades, and is steps to your sparkling saline pool/spa and waterfall. Besides the rear yard you have a cozy sitting area to the side of the home with shade trees and a soothing fountain-great for morning coffee or meditation time!! IID for lower electric. Low HOA of only $209 a month includes cable TV with Showtime & HBO plus 24-hour security. The manager has listed the unit size as 3090 square feet.
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| Nov 4, 2022 | No longer available | - | |
| No longer available | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017