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Listed 5 months ago

42 Banner Lane

King City, King

$1,799,000

Detached|Backsplit 5
5 | 3 | 6
About this home

Exceptional Opportunity in Kings Prestigious Neighborhood, Highly sought-after area of King City on an expansive pie-shaped lot, approximately 200 feet deep with a 135-foot-wide rear yard. Surrounded by multi-million-dollar estates, this expansive and private parcel offers the perfect canvas to build your dream home in a serene and established enclave. This large Backsplit 5 features 4 bedrooms and 3 bathrooms, offering a spacious layout perfect for a growing family. Just steps from public transit, the community center, scenic hiking trails, and top private and public schools, this home provides both convenience and tranquility. With 2 kitchens, a wet bar, and a huge cold room, this home is ideal for multi-generational living. The beautifully fenced backyard boasts a vegetable garden, fruit trees, and a variety of perennial flowers and shrubs, along with a garden shed for additional storage. This is a prime opportunity for builders looking to renovate or build on this oversized lot in a prestigious neighborhood. Don't miss out on this exceptional property!

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Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeDetached
StyleBacksplit 5
Approx. AgeNot available
Size2500-3000 sq. ft.
Property Tax$8,272
Lot Size71.36 ft x 197.59 ft
mls© NumberN12832422
Listed ByRE/MAX REALTRON REALTY INC.

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Schools

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What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$9,208
Property tax
$689
Heat allowance
$150
Housing costs
$10,047 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $359,800
25-yr amortization

Income needed

$309,000

gross annual household income

Payment at 4%
$7,570 / mo
Cash down
$359,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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