893 Laverne Way
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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 |
|---|---|---|---|
| May 7, 2025 | Listed | $9,200,000 | |
| Listed | |||
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This breathtaking European-inspired property presents luxury and exceptional craftsmanship inside and out. A completely custom Mediterranean Revival-style design, the estate spans nearly 2/3 an acre at the end of one of Los Altos' most sought after residential enclaves. Recent updates include a stunning kitchen, luxurious primary bath w/steam shower, redesigned rear landscaping and fully updated basement w/in-law suite. The main house is nearly 6,000 sqft and boasts 5 bedrooms including a main-level primary suite, 3 upstairs suites including a primary suite option, a lower level bedroom and full bath. An attached 365 sqft guest house w/bedroom, bath, and full kitchen. The entrance features a custom arched wooden door leading to a Tuscan villa-style loggia w/covered walkway and limestone columns. Inside, hand-hewn beams, hand-scraped pecan wood floors, and soaring ceilings enhance the elegance.The new kitchen boasts custom cabinetry, Calacatta marble counters and backsplashes, and high-end appliances. Incredible outdoor spaces w/cabana, dual fire pits, synthetic lawn, 4 garage spaces w/EV charging. Located in highly sought-after North Los Altos, minutes from the downtown Village and top-rated schools, this property offers impeccable design for an unparalleled living experience.
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| Dec 9, 2021 | Listed by Intero Real Estate Services | $6,700,000 | |
| Listed by Intero Real Estate Services | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017