8402 Red Spruce AVENUE
About This Property
Stepping through the front door, the vast, open floor plan warmly greets you, seamlessly connecting the living, dining, and kitchen spaces. This flowing design not only maximizes the living space but promotes a sense of unity, making it ideal for both tranquil family nights and spirited gatherings with friends. At the heart of this home is the contemporary kitchen, where sophistication meets utility. Shimmering stainless steel appliances, ample cabinetry, and a spacious island create a cook's dream. The expansive countertop space is complemented by the island's breakfast bar feature, perfect for morning coffee or informal meals. With its proximity to the dining and living areas, it truly serves as the central hub for all activities, encouraging lively conversations and shared moments.
The master suite is a tranquil sanctuary, designed for rest and relaxation. The generous master bedroom is graced with an abundant walk-in closet, ensuring ample storage space for your belongings. The en suite bathroom is a retreat unto itself, offering privacy and modern features that cater to your every need. The additional two bedrooms are sizable, featuring ample natural light and storage space. Whether they are used as guest rooms, play rooms, or an office space, they provide versatile options to suit your lifestyle needs.
Stepping outside, the screened and covered lanai beckons for relaxation and outdoor enjoyment. It serves as an extension of the indoor living space, perfect for al fresco dining, entertaining, or simply unwinding after a long day. The home is further enhanced with a NEST Smart Home System, ensuring you remain connected and in control.
Not to forget, the two-car garage offers both convenience and security, granting easy access to the home and ample storage for vehicles and other essentials.
Residing in Magnolia Park not only means owning a beautiful home but also enjoying the perks of a vibrant gated community. With 2x community pools, playgrounds, and 24hr security personnel/patrols, the community ensures both fun and safety for its residents. Plus, the HOA covers all landscaping maintenance as well as the irrigation, relieving homeowners of those responsibilities. Its strategic location ensures you are close to essential amenities, shopping, dining, and recreational facilities.
This home is a harmonious blend of style, comfort, and location. It promises a lifestyle of ease, luxury, and countless memories for its next lucky homeowner. Don't miss the opportunity to own this gem in Magnolia Park!
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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 |
|---|---|---|---|
| Nov 28, 2023 | Sold | ||
| Sold | |||
| Nov 1, 2023 | In contract | - | |
| In contract | |||
| Nov 1, 2023 | Relisted | $370,000 | |
| Relisted | |||
| Oct 31, 2023 | In contract | - | |
| In contract | |||
| Oct 5, 2023 | Listed by EXP REALTY, LLC | $370,000 | |
| Listed by EXP REALTY, LLC | |||
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About Progress Village
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017