846 Val Sereno Drive
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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 |
|---|---|---|---|
| Apr 1, 2025 | Sold | ||
| Sold | |||
| Feb 18, 2025 | Listed by RE/MAX Connections | $1,900,000 | |
| Listed by RE/MAX Connections | |||
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SERIOUS SELLERS, LARGE PRICE REDUCTION!! Serene Olivenhain Retreat with Stunning Natural Views Welcome to your private sanctuary in the heart of Olivenhain, Encinitas. Sat along a tree-lined street in the quiet Olivenhain enclave of Lake Val Sereno, this beautifully designed 4-bedroom, 2.5-bathroom home spans 2,702 sq. ft. On a peaceful .23-acre lot and backed to protected conservancy land, you'll enjoy a serene wooded setting filled with birdsong and wildlife. Designed with a reverse floor plan, the home’s main living areas are upstairs, offering breathtaking treetop views from your entry, kitchen, living and formal dining areas. The bright and airy entryway, enhanced by a skylight, leads to red oak flooring throughout. Your spacious living area is home to a brick, wood-burning fireplace and your inviting formal dining room draws you in with a large picture window, highlighting your canopy views. The kitchen highlights alder cabinetry, granite countertops, a tile backsplash, and stainless steel appliances, creating a perfect blend of warmth and sophistication. Additionally, the main level feature a spacious primary suite with an abundance of closet space, an oversized secondary bedroom, a separate half bath and laundry, providing comfort and convenience all on one floor. Downstairs you'll find your second primary suite with ample storage, as well as an additional bedroom. Access your Trex deck from any level, ideal for relaxing or entertaining all while enjoying the surrounding tranquility. The lush outdoor space features mature orange and nectarine trees, an abundance of succulents, a propane fire pit and raised garden boxes. With a two-car garage, RV parking and an unbeatable location off of El Camino Del Norte, this home offers both privacy and convenience. With quick access to shopping, restaurants and beaches, this location is more than desirable. Welcome to 846 Val Sereno Drive, where you'll experience the beauty of nature with today's modern comforts—schedule your tour today!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017