702 Lake Falls Boulevard
About This Property
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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 |
|---|---|---|---|
| Oct 21, 2022 | No longer available | - | |
| No longer available | |||
| Jul 5, 2022 | In contract | - | |
| In contract | |||
| Jul 1, 2022 | Listed by RE/MAX REALTY ASSOCIATES-CHA | $638,500 | |
| Listed by RE/MAX REALTY ASSOCIATES-CHA | |||
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Outstanding opportunity to "Own the home that was built for the builder"! Very impressive, custom designed 4500sqft home with spectacular curb appeal, prominently positioned on one of the largest lots in Lake Falls Subdivision! Way beyond a showcase home...this is a tremendous amount of property with upgrades & extras that would cost a fortune with current build costs. Massive covered brick/stone front porch with lovely custom made front door. Spacious entry with soaring two story ceilings, with a stunning staircase, 9ft. ceilings and 8ft. doors. Gorgeous beamed ceilings, crown molding & built in's through out. Professionally painted interior and high-end new carpet just installed. Wonderful layout...with both open spaces and private places to enjoy. The main level includes a convenient office bonus room and separate formal dining room off of the foyer. Large open concept living room with all new top-quality, all custom made ceiling height cabinetry/center island. Gorgeous granite counters & upscale built in stainless appliances, walk in pantry & utility room w/direct access to the garage. The second level has an amazing 17 x 15 master suite with, walk in closet, large, custom tiled shower, whirlpool tub & 12ft long vanity. 2nd full bath to service the 3 oversized bedrooms, each with their own walk in closets. Fully finished daylight basement has enormous 28 x 21 rec room, 20 x 20 home gym, the 5th bedroom, 4th full bath, a kitchenette with the cabinetry/counters finishes & huge storage area. Beautifully landscaped, large corner lot is enclosed with a maintenance free, black metal fence, has a beautiful pergola, a Trex deck, plus an expansive, stamped stone patio/fire pit/grilling area. Perfect for outdoor entertaining & family gatherings. Extremely well built, with 2x12 floor joists & 2x6 walls, added insulation, Dual Zoned HVAC with 17 seer AC, and even an air exchanger that will allow you to bring outside air in and remove the humidity. The garage has enough space to easily fit 4 cars plus more room for bikes, tools, and toys. Two driveways means off street parking for another 6 cars. Sought after Lake Falls Subd. with easy access to the University/shopping & low Savoy taxes. Beautifully appointed. Impeccable condition. You will NOT be disappointed with this one...Call to schedule your private showing today! The manager has listed the unit size as 3044 square feet.
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| Jul 14, 2021 | Sold | ||
| Sold | |||
| May 26, 2021 | Listed by Berkshire Hathaway HomeServices Central Illinois R | $625,000 | |
| Listed by Berkshire Hathaway HomeServices Central Illinois R | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017