358 LANARK Drive
PARADISE, NL, A1L0Z1
4 Beds | 4 Baths
$654,900
About the property (MLS: 1272263):
Imagine sitting on your southern exposed patio enjoying the panoramic view of Adam's Pond on those warm summer evenings. Backing on the pond this executive two story home offers direct access to the pond where you can enjoy swimming, boating, using the walking trail, and fishing. The main floor has an open concept living room with propane fireplace, a gorgeous kitchen with modern backsplash & beautiful porcelain tiles, spacious eating area which leads to patio with composite decking, in-floor heating throughout the house, nine foot ceilings, and a bonus den that makes a perfect home office. On the second floor you will find three bedrooms including, huge primary bedroom with spectacular views of the pond, a spa like ensuite & walk-in closet. The basement has a fouth bedroom, three piece bathroom, storage room & mechanical room, surround sound in rec room and main floor, and rec room with entertainment bar. The in house garage is perfect for storing the snow blower and provides additional storage. The garden is fully fenced with a shed, stone paver lower deck, and mature trees. The property has new siding with rigid foam insulation, a new front lawn, new large kitchen window, and extra large patio door. this one also has a 400 amp service. Just minutes from the Paradise Double Ice Complex & Community Center, Elementary & Junior High Schools, and the Paradise Shopping Center. This truly is a must see home. Please note SwinSpa is not included in the sale. (id:56688)
Property Details
Listing ID: 26904327
Address: 358 LANARK Drive, PARADISE, Newfoundland & Labrador, Canada A1L0Z1
Status: Active
Last updated: 2 years ago ( May 21, 2024 )
Year Built: 2010
Property Type: Single Family
Architectural Style: 2 Level
Structure Type: House
Ownership Type: Freehold
Number of stories: 2
Number of Levels: 2
Beds: 4
Baths: 4
1/2 Baths: 1
Heating: Radiant heat
Sewer: Municipal sewage system
Flooring: Hardwood, Ceramic Tile, Mixed Flooring
Living Area Total: 3,220 square feet
Price per sq ft: $204
Tax Annual Amount: $4,010
Garage? Yes
Attached Garage? Yes
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Dishwasher
Water Source: Municipal water
Foundation Details: Concrete
Heating: Radiant heat
Flooring: Hardwood, Ceramic Tile, Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 48
Rurl
Coordinates: [47.531372, -52.887216]
Rooms
| Second level | Bath (# pieces 1-6) Bedroom Bedroom Ensuite Primary Bedroom | 8.8x7.8 feet 11.40 X 9.00 feet 11.50 X 10.60 feet 10.00 X 10.00 feet 20.30 X 17.00 feet |
| Basement | Storage Bath (# pieces 1-6) Utility room Bedroom Recreation room | 9x13.11 feet 6.7x8.4 feet 3.9x2.10 feet 14.5x9.5 feet 20.00 X 14.00 feet |
| Main level | Other Laundry room Dining room Family room Kitchen Den | .00 X 0.00 feet 6.00 X 8.00 feet 14.20 X 10.30 feet 21.00 X 15.00 feet 16.00 X 15.00 feet 15.00 X 9.30 feet |
Basic Calculator
First Mortgage: $523,920
Mortgage insurance premium: $0
Total Financing: $523,920
Rough closing fee (1.5%): ~ $9,824
Total downpayment with estimated closing fee: $140,804
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $3,543 | $42,516 |
| Gross rental income (income/principal ratio) | 0.541% | 6.492% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $819 | $9,828 |
| Vacancy | $178 | $2,126 |
| Management Fee | $284 | $3,402 |
| Expense / Income Ratio | 23.12% | 23.12% |
| Cash Flow | $2,264 | $27,168 |
| Net Operating Income (NOI) | $2,264 | $27,168 |
| Capitalization Rate | 0.35% | 4.15% |
