7412 John Hancock DRIVE
About This Property
As you enter, prepare to be amazed by the luxury and attention to detail in every corner of this home. The foyer opens up to soaring ceilings and a combined family and gourmet kitchen area, complete with natural gas and smart Monogram appliances. No detail has been overlooked, from the dovetail drawers to the farm sink and walk-in pantry with custom storage. Crown molding and stunning granite countertops add a touch of elegance throughout.
The first floor features genuine wood floors in all living areas, while upgraded carpet provides comfort in the bedrooms. Step outside to the expansive back patio with upgraded pavers, a heated spa, water features, and stunning views of Lake Hancock. The patio also offers options for adding a TV and a fully electric retractable screen, perfect for outdoor entertainment.
This Smart Home allows you to control pool features and lighting through an app, adding convenience to your lifestyle. The bonus/loft area upstairs is versatile and can be used as a movie room, playroom, or additional bedroom, complete with a full closet and bath.
The primary bedroom is a retreat in itself, with a generous sitting area overlooking the lake, custom closet systems, and a spa-like bathroom with a soaking tub and dual shower heads.
The community amenities are equally impressive, including a private boat ramp, dock, resort-style pool, fitness center, and splash pad. The larger clubhouse features a waterfront amphitheater, sports lawn, fire pit, canoes, dog park, and playgrounds.
this home is situated within the sought-after Overlook at Hamlin with excellent dining, shopping, and the best of lake living in this impeccable home.
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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 26, 2024 | Sold | ||
| Sold | |||
| Jul 4, 2024 | In contract | - | |
| In contract | |||
| Jun 27, 2024 | Price Decreased |
$1,750,000
↓ $45K
(2.5%) | |
| Price Decreased | |||
| Jun 11, 2024 | Price Decreased |
$1,795,000
↓ $55K
(3%) | |
| Price Decreased | |||
| May 15, 2024 | Price Decreased |
$1,850,000
↓ $100K
(5.1%) | |
| Price Decreased | |||
Property Highlights
Building Info
Comparables
Status
Price/ft²
Listed On
Sold On
About Horizon West
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017