7050 Highland Spring Lane
About This Property
The first level has a bedroom that can also function as a home office and a completely remodeled bathroom with a beautiful tiled shower. On the second level, a highly upgraded primary suite awaits you with a remodeled bathroom that has a luxurious soaking tub with floor-mounted tub filler, custom-tiled oversized shower with bench, double-sided fireplace, dual sink waterfall vanity, and walk-in closet with made-to-order shelving and storage. There are three additional spacious bedrooms upstairs and another full bathroom with a large extended vanity and beautiful tile work in the shower. The tile, fixtures, glass enclosures, and countertops are top of the line in all 3 of the remodeled bathrooms in this home. New carpet and fresh paint complete the ambiance and add to the high-quality finishes this home offers.
The breakfast solarium looks out to the lush rear yard with fountain, Aluma-wood patio cover, built-in BBQ, established fruit trees, raised planter beds and lovely ornamental plants. The privacy and features this rear yard offers provide that Zen retreat feeling.
The HVAC is still under warranty, water heater recently installed, termite and roof certifications in place along with electrical and plumbing recently inspected and all necessary services performed.
The community offers amenities the include a lake, hiking trails, pools, playgrounds, sport courts, and tons of family events. Homes of this caliber are rarely available for sale.
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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 |
|---|---|---|---|
| Jan 22, 2025 | Sold | ||
| Sold | |||
| Dec 20, 2024 | In contract | - | |
| In contract | |||
| Nov 26, 2024 | Price Decreased |
$768,000
↓ $17K
(2.2%) | |
| Price Decreased | |||
| Oct 7, 2024 | Relisted | $785,000 | |
| Relisted | |||
| Oct 6, 2024 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017