6380 Terrace Ln
About This Property
Outside, the property includes an oversized 775 square foot two-car garage and carport, providing ample parking and storage. This home truly has it all. Contact us today to schedule a showing and make this mountain paradise your own.
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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 |
|---|---|---|---|
| Jul 8, 2024 | Sold | ||
| Sold | |||
| Jun 3, 2024 | In contract | - | |
| In contract | |||
| May 22, 2024 | Listed by Pinon Real Estate Group LLC | $995,000 | |
| Listed by Pinon Real Estate Group LLC | |||
| | |||
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Welcome to 6380 Terrace Lane, a stunning 4-bedroom, 3-bathroom Ranch home spanning 2,136 square feet. Nestled among serene pinon pines, this property offers breathtaking views of Methodist Mountain, the Sangre De Cristo Mountains to the south, and the Arkansas Hills to the north. Enjoy unparalleled access to the Methodist Mountain trail network right from your backyard. Outdoor entertaining is easy with a deck, covered pergola, and hot tub. An additional studio with new windows and 360-degree views provides versatile space for an art studio, yoga room, office, or guest room. Inside, the remodeled gourmet kitchen features granite countertops, soft-close cabinets, a trash compactor, dishwasher, wine storage, a small custom bar space, a spice rack with pull-outs, an induction cooktop, and double ovens. The built-in custom banquet is perfect for large gatherings, while in-floor radiant heating and a walk-in pantry with wood barn doors add comfort and charm. Conveniently located across from the primary bedroom, the laundry room enhances daily living. An open floor plan, with wood and tile flooring, ensures low maintenance and a clean aesthetic. The spacious great room accommodates dining and multiple living areas, with a wood-burning stove adding warmth during the winter months. Enjoy majestic views of the Sangre De Cristo Mountains right from your couch by the fire. Interior finishes include all-new solid core doors and trim, adding elegance. The home boasts two primary bedrooms with en suite bathrooms. The larger primary bedroom features a double-headed walk-in shower, dual oversized vanity, ample linen storage, and two large closets.
Outside, the property includes an oversized 775 square foot two-car garage and carport, providing ample parking and storage. This home truly has it all. Contact us today to schedule a showing and make this mountain paradise your own.
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| May 21, 2007 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017