7448 Olive Tree Lane
About This Property
As you step inside, you are greeted by an open and airy combined living and dining space filled with natural light.
The convenient kitchen with a pretty picture window overlooking the backyard, is well equipped with a double sink ample cabinetry, and space for a small bistro set.
Two well-appointed bedrooms are complimented by plank flooring, ceiling fans, and raised panel doors.
Built-in hallway storage includes a bank of drawers and upper cabinetry accented by classic scalloped trim work from "back-in-the-day".
Another standout feature of this home is the room addition that can easily serve as a third bedroom or a versatile space for a home office, playroom, or guest suite. This additional room is expansive and offers flexibility for multi-generational living with its separate entrance. Perfect grandparents or a college student!
The large lot provides ample outdoor space for gardening, entertaining, or simply enjoying the outdoors. P-L-E-N-T-Y of space for adding on to the existing home or building an additional dwelling unit.
The attached garage has loads of promise too. . . potentially converting it to a drive-through garage for added vehicle storage or expanded dwelling space.
This central location offers the hominess of a quiet neighborhood, yet is just moments away from schools, shopping, and major transportation routes. Its prime location ensures that everything you need is within easy reach, making it a perfect blend of comfort, convenience, and charm. AND top that off with AFFORDABILTY! It's challenging to find a home with these qualities in this price range, so don't miss your opportunity. See it today!
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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 |
|---|---|---|---|
| Aug 21, 2024 | Sold | ||
| Sold | |||
| Jun 28, 2024 | Listed by Berkshire Hathaway HomeServices California Realty | $440,000 | |
| Listed by Berkshire Hathaway HomeServices California Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017