497 Valley Drive
About This Property
Step inside and be greeted by a spacious living room adorned with a stone-faced wood-burning fireplace, creating a cozy, and inviting atmosphere. The primary bedroom provides a tranquil retreat with a walk-in closet and an on-suite bathroom boasting a luxurious claw-foot tub equipped with a Bluetooth speaker and a custom vanity.
The well-appointed kitchen is a culinary enthusiast's dream, featuring soft-close cabinets and drawers, an island with beautiful butcher block countertops, and ample space for meal preparation. The adjacent dining room provides the perfect setting for gathering with family and friends and showcases a walk-in pantry with a charming custom sliding barn door.
Prepare to be impressed by the guest bathroom, which showcases a stunning 4'x8' walk-in shower equipped with a Bluetooth speaker and a custom-built vanity, providing a luxurious and relaxing experience for your guests.
The extensive remodeling of this property includes several noteworthy features, such as tinted double-hung windows installed in 2018, special order solid pine interior doors, and the convenience of two electric tankless water heaters. Additionally, the home boasts three steel exterior doors and a duo-zoned variable-speed air conditioning and heat pump system installed in 2020, ensuring optimal comfort throughout the year.
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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 |
|---|---|---|---|
| Mar 6, 2024 | No longer available | - | |
| No longer available | |||
| Mar 5, 2024 | Delisted | - | |
| Delisted | |||
| Feb 28, 2024 | In contract | - | |
| In contract | |||
| Feb 27, 2024 | Listed by Elevate Texas Real Estate | $425,000 | |
| Listed by Elevate Texas Real Estate | |||
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Discover the allure of ranch-style living at this stunning 4.16-acre property nestled at the end of a private cul-de-sac. Recently remodeled, this home offers a harmonious blend of elegance and practicality, featuring an open-concept layout with a rustic touch. The spacious living room, with its cozy stone-faced wood-burning fireplace, sets the tone for relaxed comfort. The primary bedroom is a serene retreat, complete with a walk-in closet and showcasing a lavish claw-foot tub, custom vanity and Bluetooth speakers. Culinary enthusiasts will delight in the well-equipped kitchen with soft-close cabinets, butcher block countertops, pot filler, and a large pantry hidden behind a charming sliding barn door. The guest bathroom stands out with its own Bluetooth-equipped vanity and a grand 4'x8' walk-in shower. Enjoy modern comforts such as tinted double-hung windows (2018), solid pine doors, two electric tankless water heaters, and a duo-zoned variable-speed AC and heat pump system (2020). The outdoor space is equally impressive, featuring a steel pergola with swings, a fire ring, and an ornamental pond, all secured with extensive fencing and monitored by Arlo cameras. Property includes spacious barn with concrete floor shop, tac room, and covered livestock stalls. The property includes a 50 AMP RV hookup, and a standing seam roof installed in 2020. Additional adjacent 10 acres with Elm Creek Rd. access can be purchased separately to make entire property 14.16 acres. Experience the perfect fusion of luxury and tranquility, schedule your viewing today. The manager has listed the unit size as 2072 square feet.
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| Jan 30, 2024 | Listed by Elevate Texas Real Estate | $650,000 | |
| Listed by Elevate Texas Real Estate | |||
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Discover the allure of ranch-style living at this stunning fully fenced 14-acre property nestled at the end of a private cul-de-sac. Recently remodeled, this home offers a harmonious blend of elegance and practicality, featuring an open-concept layout with a rustic touch. The spacious living room, with its cozy stone-faced wood-burning fireplace, sets the tone for relaxed comfort. The primary bedroom is a serene retreat, complete with a walk-in closet and showcasing a lavish claw-foot tub, custom vanity and Bluetooth speakers. Culinary enthusiasts will delight in the well-equipped kitchen with soft-close cabinets, butcher block countertops, pot filler, and a large pantry hidden behind a charming sliding barn door. The guest bathroom stands out with its own Bluetooth-equipped vanity and a grand 4'x8' walk-in shower. Enjoy modern comforts such as tinted double-hung windows (2018), solid pine doors, two electric tankless water heaters, and a duo-zoned variable-speed AC and heat pump system (2020). The outdoor space is equally impressive, featuring a steel pergola with swings, a fire ring, and an ornamental pond, all secured with extensive fencing and monitored by Arlo cameras. The property boasts no restrictions, an Ag Exempt status, a 50 AMP RV hookup, and a standing seam roof installed in 2020. Experience the perfect fusion of luxury and tranquility, schedule your viewing today.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017