485 Fairmont Drive
About This Property
This charming, SINGLE STORY, POOL HOME exudes a sense of simplicity and comfort. Iconic, and sought-after, mid-century-fifties, home offers an inviting blend of classic and comfortable living reminiscent of yesteryear. Whether your taste is retro or you wish to add personal touches to modernize this home it has timeless features and great bones.
The cozy foyer leads to a very spacious open-concept living and dining room. This expansive area has ample seating options and the versatility to create separate spaces. Lots of natural light overlooking the backyard and pool.
An efficient galley kitchen is conveniently adjacent to the main dining area and includes a cheerful, sunny breakfast nook at one end with a recessed curio showcase. Plenty of room to expand the kitchen and add an island, so many possibilities.
A generously sized primary bedroom allows for large furnishings and room enough for a chaise or small sofa.
Two additional bedrooms capture the fifties vibe with built-in storage above the wardrobes.
And speaking of Grandma. . . . the 4th bedroom is absolutely perfect for in-laws or young adults with a private entry and easy access to the kitchen. This step-down room can easily be used as an office, playroom, or storage (as it is now).
The main hall bath is complimented by a large double sink vanity with pastel retro tiled countertops and a tub/shower combination( check out the hide-away cup and toothbrush holder-a classic), with grooved tile that you just don't find today. Great features to keep and blend with your updating.
A handicap-accessible bathroom features an easy roll-in shower with grab bars and a hand-held shower head, a perfect convenience.
Now to the backyard! Enjoy your private swimming pool, covered patio, and firepit. . . perfect for outdoor relaxation and entertainment too.
This iconic home offers endless possibilities to make this home uniquely yours. See it today.
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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 27, 2024 | Sold | ||
| Sold | |||
| Sep 5, 2024 | In contract | - | |
| In contract | |||
| Aug 20, 2024 | No longer available | - | |
| No longer available | |||
| Aug 7, 2024 | Listed by Berkshire Hathaway HomeServices California Realty | $549,900 | |
| Listed by Berkshire Hathaway HomeServices California Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017