561 Lower Elgin RD
About This Property
As you step inside, the spacious living area welcomes you with tasteful tile flooring, creating an elegant and easy-to-maintain space. The heart of this home is undoubtedly the kitchen, featuring a sleek and stylish kitchen island topped with exquisite granite. This culinary haven is not only a visual delight but also a practical space for meal preparation and casual gatherings.
The kitchen seamlessly transitions into the living area, creating an open and inviting atmosphere that is perfect for entertaining friends and family. The choice of tile in these high-traffic areas ensures both durability and a timeless aesthetic.
The bedrooms, adorned with plush carpeting, provide a cozy retreat for rest and relaxation. With two master bedrooms, this home caters to a luxurious lifestyle, offering flexibility and convenience. Each master bedroom comes complete with its own walk-in closet, providing ample storage space and adding a touch of opulence to your daily routine.
Situated on almost an acre of land, the property offers a generous outdoor space for you to enjoy. Whether it's hosting outdoor gatherings, gardening, or simply basking in the tranquility of your private retreat, the possibilities are endless.
This custom home is not just a dwelling; it's a reflection of your taste, with meticulous attention to detail evident in every corner. From the high-end finishes to the thoughtful layout, this residence is designed to elevate your living experience and create memories that will last a lifetime. Welcome home to the epitome of comfort and style.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Feb 20, 2024 | In contract | - | |
| In contract | |||
| Feb 6, 2024 | Price Decreased |
$480,000
↓ $20K
(4%) | |
| Price Decreased | |||
| Nov 22, 2023 | Listed by La Casa Realty Group | $499,900 | |
| Listed by La Casa Realty Group | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017