676 Merit Drive
About This Property
This desirable Vientos plan offers 4 bedrooms, + an additional bonus room upstairs, 3 baths, and unique features and upgrades that make it special. At the heart of the home is a bright kitchen with a light-colored quartz peninsula, tons of counter space, stainless steel appliances, and a built-in wine rack. The open layout of the downstairs seamlessly connects the kitchen to a spacious dining area and family room, which has been upgraded with a beautiful gas fireplace. Downstairs offers a large bedroom/home office, a custom built-in bookshelf/cabinet for storage, a mudroom, and a full bath.
Upstairs, the home offers incredible unobstructed views of mountains and the community's park and pool, filling the house with tons of natural light and making its location desirable in the community. These breathtaking views fill the luxurious master suite bedroom, which has a soaking tub, a walk-in tiled shower, two separate sinks, and a huge walk-in closet. These views also fill the upstairs loft, which has a custom floor-to-ceiling built-in shelf (this space could easily be enclosed into a 5th bedroom). Also upstairs are two bedrooms, a full bath, and a large laundry room with tons of storage. The home has numerous upgrades, including board-and-batten wall paneling, designer carpeting, high-end tile flooring, elegant window coverings (wood shutters), and custom mirror frames made of walnut in the master and downstairs bathrooms, all of which make the home charming. It is also equipped with whole-house water and reverse osmosis drinking filtration systems and solar panels that keep energy costs low. The garage features a tankless water heater and ample storage. The private backyard is upgraded with turf, pavers, gas fireplace and mature olive tree.
Rancho Tesoro Community amenities include a pool, cabanas, BBQs, a playground, and hiking trails just right outside the gate. This property can apply for an intra-district transfer to Double Peak for 6th, 7th, and 8th grade. Don't miss this dream home-it won't last long!
Payment Calculator
Your Estimated Monthly Payment
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 |
|---|---|---|---|
| Sep 16, 2024 | Sold | ||
| Sold | |||
| Aug 19, 2024 | In contract | - | |
| In contract | |||
| Aug 1, 2024 | Listed by Compass | $1,270,000 | |
| Listed by Compass | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017