47 HUTCHINSON Lane
About This Property
floorplan home with 4 bedrooms, 4 bathrooms, 3 car garage. This home also has a study, formal dining room, and a bonus room with a wet bar. Too many upgrades to list them all. Upgraded tile work throughout, cabinets, upgraded countertops, free standing tub in the private owner's suite. Hidden sliders lead you to a summer kitchen with an extended lanai, pergola, and an outdoor fire pit. Full irrigation system and professionally landscaped yard. Short term leaseback needed with a 60 day vacate notice. Cash buyers only!
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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 |
|---|---|---|---|
| Aug 22, 2022 | Sold | ||
| Sold | |||
| Jul 1, 2022 | Listed by WATSON REALTY CORP | $945,000 | |
| Listed by WATSON REALTY CORP | |||
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Former model home is absolutely beautiful and loaded w/every upgrade imaginable. This 4 bdrm/4 bath home w/ separate office & bonus room will meet every family's need. Kitchen and Family room are an entertainers dream w/ beamed ceiling/feature walls/gas fireplace and 3 slider pocket door that opens to an extended patio w/summer kitchen & gas firepit w/ pergola. Kitchen has floating shelves/tiled backsplash & ss appliances. Office w/ French doors and custom built ins. Open and bright dining rm has feature walls and coffered ceiling. Owners suite is a dream w/dbl walk ins/bath has separate sinks/huge shower & stand alone tub. Bonus rm w/wet bar & 2 more bedrooms complete 1st floor. Upstairs is bdrm 4 w/bath. Feature walls and luxury floors throughout.
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| Jun 30, 2021 | Sold | ||
| Sold | |||
| Jun 2, 2021 | Listed by DREAM FINDERS REALTY LLC | $799,990 | |
| Listed by DREAM FINDERS REALTY LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017