646 Rainier Way
About This Property
Front porch, back covered patio with extra concrete, two fruit trees and low maintenance yard. Association fee $90 a month, including club house, pool, spa and unlimited golf, come to see for yourself and make this yours 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 |
|---|---|---|---|
| Feb 28, 2024 | No longer available | - | |
| No longer available | |||
| Jan 19, 2024 | In contract | - | |
| In contract | |||
| Dec 8, 2023 | Listed by Performance Realty Group | $349,900 | |
| Listed by Performance Realty Group | |||
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Welcome to this charming single-story home located in the Panorama Village 55+ Community! This inviting property boasts 2 bedrooms, den/office, 2 bathrooms, and 1812 square feet of comfortable living space. As you step inside, you'll be greeted by an abundance of natural light that accentuates the open floor plan, creating an inviting ambiance throughout the home. The well-appointed updated kitchen features stainless steel appliances, double oven, 5 burner gas cooktop, microwave, dishwasher, granite counter tops, ample cabinetry, and a cozy breakfast nook, perfect for enjoying your morning coffee. The adjoining living areas include family room, dining room and living room provides great space for relaxation or entertaining guests. The primary bedroom offers a peaceful retreat with an ensuite bathroom and generous closet space. An additional bedroom provides flexibility for guests and den can be utilized as a home office or hobby space, catering to various lifestyle needs. Step outside to the meticulously maintained yard spanning 6098 square feet, offering an outdoor space ideal for enjoying the pleasant weather. The low-maintenance landscaping, multiple fruit trees and a covered patio enhance this space. Conveniently located this home provides access to various amenities and activities catering to an active adult lifestyle. Enjoy community facilities such as a clubhouse, fitness center, swimming pool, and more, fostering a vibrant and engaging community atmosphere Senior community offers many wonderful amenities for their residents. They can enjoy unlimited golf on the private 9 hole executive golf course. The beautiful swimming pool and indoor jacuzzi are heated year round. This community also enjoys a large tournament size indoor shuffle board courts. The billiard room has 3 regulation size tables. The exercise room is complete with new state-of-the-art equipment. The community has a large library with books, magazines and videos. The clubhouse has a large auditorium with a kitchen. Many social events are celebrated here. There is also a RV parking lot that is fenced in, for a low monthly fee. Best of all, the HOA dues are only $120.00 a month.
With its desirable features, convenient location, and a welcoming community environment, this delightful single-story home offers a fantastic opportunity for comfortable and relaxed living. Don't miss the chance to make this inviting property your new home sweet home! The manager has listed the unit size as 1812 square feet.
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| Sep 1, 2017 | Sold | ||
| Sold | |||
| Jul 14, 2017 | Listed by Brubaker Culton R.E. & Dev. | $189,900 | |
| Listed by Brubaker Culton R.E. & Dev. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017