17 Milton Road
Paradise, NL, A1L1M6
4 Beds | 3 Baths
$524,900
About the property (MLS: 1275220):
This remarkable house is located just 5 minutes from the central amenities, yet it offers a private, serene setting on a substantial lot. This property was thoughtfully renovated in 2010, expanding upon the existing foundation to include an additional 1200 square feet of elegant living space. Boasting a total of 4 bedrooms and 3 bathrooms, this house is crafted to accommodate both comfort and style. Upon entering, you are greeted by a spacious main floor that features stunning hardwood flooring, which enhances the home's warm and inviting atmosphere. The heart of the home is the large kitchen, equipped with a breakfast bar perfect for quick meals or morning coffee. Adjacent to the kitchen is a separate dining area, ideal for entertaining guests and hosting family dinner. The living area is complemented by a mini-split heat pump system, ensuring year-round climate control at your fingertips. Convenience is key with a laundry room strategically located on the main floor. The primary bedroom is a retreat within itself, offering a private ensuite and a spacious walk-in closet. An additional bedroom on the main floor provides flexibility for family living or home office use. The fully developed basement is an extension of this home’s luxury, featuring two additional bedrooms and a full bathroom, perfect for guests or growing families. The highlight is a large recreational room with a substantial bar area, creating an ideal space for relaxation. Situated on a generously sized lot, the outdoor space is as impressive as the interior. The southern exposure of the lot allows for optimal enjoyment of sunlight in the sizable backyard, which also includes rear yard drive-in access. The detached 20x24 garage, complete with a loft, is perfect for hobbyists or as additional storage. The lot is equipped to accommodate an RV, providing ample parking space. The house was totally renovated in 2010, with additions added, making its age 14 years, not including some foundation. (id:56688)
Property Details
Listing ID: 27201059
Address: 17 Milton Road, Paradise, Newfoundland & Labrador, Canada A1L1M6
Status: Active
Last updated: 25 days ago ( Aug 12, 2024 )
Year Built: 2010
Property Type: Single Family
Structure Type: House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 4
Baths: 3
1/2 Baths: 0
Heating: Electric
Sewer: Municipal sewage system
Flooring: Hardwood, Laminate, Ceramic Tile
Living Area Total: 2,817 square feet
Price per sq ft: $187
Tax Annual Amount: $2,450
Garage? Yes
Attached Garage? Yes
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Dishwasher
Water Source: Municipal water
Foundation Details: Concrete
Heating: Electric
Flooring: Hardwood, Laminate, Ceramic Tile
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 46
Rurl
Coordinates: [47.536302, -52.864071]
Rooms
| Basement | Other Den Bedroom Bedroom Storage Recreation room | 12.2x8.7 null 11.7x10.2 null 9.4x12.9 null 13.7x16.5 null 5.5x2.7 null 11.8x21.11 null |
| Main level | Laundry room Bedroom Primary Bedroom Living room Kitchen Dining nook | 9.3x8.8 null 11.2x17.6 null 15.8x13.4 null 13.8x13.8 null 11.5x15 null 12.1x9.11 null |
Basic Calculator
First Mortgage: $419,920
Mortgage insurance premium: $0
Total Financing: $419,920
Rough closing fee (1.5%): ~ $7,874
Total downpayment with estimated closing fee: $112,854
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $3,099 | $37,188 |
| Gross rental income (income/principal ratio) | 0.590% | 7.085% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $657 | $7,884 |
| Vacancy | $155 | $1,860 |
| Management Fee | $248 | $2,976 |
| Expense / Income Ratio | 21.20% | 21.20% |
| Cash Flow | $2,040 | $24,480 |
| Net Operating Income (NOI) | $2,040 | $24,480 |
| Capitalization Rate | 0.39% | 4.66% |
