4408 Falling Brook CV
About This Property
Enjoy community block parties and neighborhood gatherings in the heart of Westlake Hills. This exquisite home, situated at the end of a cul-de-sac, & backing to a creek and canyon, has ultimate privacy. There are 2 inviting living rooms (each with their own fireplace) and expansive windows bathe the space in natural light. An elegant dining room w/ beautiful paneling provides a special meals.
The kitchen awaits w/home planning center, dedicated pantry, center island, and high-end appliances. Take note of the easy to maintain authentic tile floors, beamed ceilings, & the stunning view of the canyon. A large office w/built-ins & private entrance provides the perfect space for work, while a utility/laundry room leads seamlessly to the oversized 3-car garage.
The primary bedroom is a tranquil retreat with an outside deck, canyon views, a luxurious primary bathroom, & a large closet with built-in shelving. Upstairs are 3 spacious secondary bedrooms, each with walk-in closets and updated bathrooms. The expansive playroom or additional 5th bedroom offers endless opportunities for fun and entertainment.
Step outside to explore the enchanting outdoor living space, where a large deck area, & pool/spa await your enjoyment. The treehouse, putting green, fire pit, and playscape, along with the basketball hoop complete the perfect setting for outdoor gatherings and relaxation. There is a beautiful canyon w/creek at the edge of the property, accessible via a newly constructed pathway, just waiting for hours of exploration and fun.
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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 |
|---|---|---|---|
| Sep 10, 2024 | Withdrawn | - | |
| Withdrawn | |||
| Aug 24, 2024 | Price Decreased |
$2,449,000
↓ $50K
(2%) | |
| Price Decreased | |||
| Aug 16, 2024 | Price Decreased |
$2,498,499
↓ $1K
(0%) | |
| Price Decreased | |||
| Jul 5, 2024 | Price Decreased |
$2,499,499
↓ $1
(0%) | |
| Price Decreased | |||
| May 16, 2024 | Price Decreased |
$2,499,500
↓ $190K
(7.1%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017