7603 MODISTO LANE
About This Property
Set within the highly desirable West Springfield High School pyramid, Lakewood Hills is beloved for its top-rated schools, strong sense of community, and family-friendly atmosphere. From the moment you arrive, the home's striking curb appeal makes a lasting impression, featuring brand new vinyl siding, a new roof, and beautifully updated exterior finishes.
Inside, natural light fills the home, highlighting the rich hardwood floors and thoughtfully designed layout. Every inch of this residence has been professionally remodeled with high-end finishes and exceptional attention to detail.
At the heart of the home is the showstopping gourmet kitchen - beautifully designed for both entertaining and everyday living. Featuring sleek quartz countertops, a gorgeous designer backsplash, brand new appliances, custom cabinetry with specialized storage solutions, and an oversized center island, this space effortlessly combines sophistication and functionality.
The inviting family room is warm and welcoming, complete with newly added windows that flood the space with sunlight and a charming wood-burning fireplace that creates the perfect atmosphere for cozy evenings at home.
Upstairs, spacious secondary bedrooms and beautifully renovated bathrooms provide comfort and style for the entire family. The expansive primary suite serves as a private retreat, featuring a walk-in closet, dedicated vanity area, and a beautifully updated en-suite bathroom.
The fully finished walk-out basement offers incredible flexibility with its own private bedroom, full bathroom, kitchenette, and stove - ideal for guests, multi-generational living, an au pair suite, or potential rental income opportunities.
Step outside to your own private backyard oasis. The secluded oversized backyard offers exceptional privacy, mature landscaping, and ample space to relax or entertain. Enjoy evenings under the stars from the hot tub while taking in the peaceful surroundings.
Blending timeless charm with today's modern upgrades, 7603 Modisto Lane is truly move-in ready and offers a rare opportunity to own a beautifully updated home in one of the area's most desirable neighborhoods.
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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%.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017