481 MILLSTONE Drive
About This Property
5/3 full bathrooms, 2413 square feet. New roof, new flooring, kitchen renovated granite countertops with a farm sink, fireplace installed, custom millwork in various places. Magazine back yard setting.
USE of two amenity facilities w/ pools, athletic fields, tennis and fitness center and more.
CDD Bond has only 11 years left until paid off.
Pristinely maintained Mediterranean style exterior with beautiful landscaping and mature palm trees. An impressive 2 story entryway leads to a modern open concept floor plan with soaring 10 ft. ceilings and interesting arched architectural details throughout. See Supplement for even more info on this lovely home. Five bedrooms in all including the expansive Owner suite, formal dining room, chef's kitchen complete with breakfast bar and nook, 1st floor laundry room located just off the kitchen and an additional bath. An amazing entertaining space inside or outside. The upstairs has a massive bonus room/bedroom #5 is bright and airy with its own full bathroom and own HVAC. The back yard space is a gardener's paradise with more palms, fruit trees and a garden. A screened lanai and large wooden deck blending indoors and outdoors for the ultimate Florida lifestyle. Walking distance to A rated schools, shopping, and amenities. Additional features include a wall of built-ins in the 2 car garage.
Supplement -
LVP Flooring throughout (except for Bonus room)
Newer carpet in the bonus room
Roof June 2022
Gutters
Driveway with extended width
Deck re-vamped
Master Bath - Shower, Quartz Countertops, Vanity Cabinet, drawer faces and freshly painted.
Hall Bath - Freshly painted and new vanity
Kitchen - Cabinet doors, Quartz countertops, Hardware Fixtures and a decorator backsplash.
Light fixtures - kitchen, dining, entry, bonus - flush mount LED lights
Lots of custom millwork to include Board & Batten in the main hallway and ship lap wall in Owner suite. Owner suite has been freshly painted and a new ceiling fan.
Extra bedrooms have been freshly painted.
The precious bonus room has been freshly painted, new beadboard, new blinds, a new fan and the nicest built-in seating/shelving/bench area.
Living room - a beautiful shiplap wall with an electric fireplace that generates a small amount of heat and has a removeable mantle.
Trampoline can stay or go, buyer choice.
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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 |
|---|---|---|---|
| Aug 1, 2023 | Sold | ||
| Sold | |||
| Jun 22, 2023 | Listed by HOVER GIRL PROPERTIES | $439,900 | |
| Listed by HOVER GIRL PROPERTIES | |||
| Oct 21, 2019 | Sold | ||
| Sold | |||
| Aug 8, 2019 | Listed by HOVER GIRL PROPERTIES | $264,500 | |
| Listed by HOVER GIRL PROPERTIES | |||
| Mar 3, 2017 | Sold | ||
| Sold | |||
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About Oakleaf Plantation
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017