115 S Rockingham Ave

• Wine Cellar: Custom wine cellar with glass enclosure, adding approximately $30,000 in value. • Outdoor Kitchen and Bar: Fully equipped outdoor kitchen and bar area, adding approximately $25,000 in value. • High-End Kitchen Appliances: Professional-grade appliances, including a large island and custom cabinetry, adding approximately $40,000 in value. • Spa-Like Bathrooms: Luxurious bathrooms with high-end fixtures and finishes, adding approximately $20,000 in value. • Open Floor Plan with Large Windows: Seamless indoor-outdoor living with expansive windows and sliding doors, adding approximately $35,000 in value. • Hardwood Flooring • Smart Home Technology • Energy-Efficient Windows • Custom Cabinetry • Modern Lighting Fixtures • Price Position: At $3101.15 per square foot, this property is priced at a premium. Without comparable sales data in Brentwood, it's difficult to determine if this is justified. Further investigation into recent sales of similar luxury properties is needed. • Appreciation Trend: The property's price history shows a substantial increase from $1,650,000 in 1994 to $9,800,000 in 2022 (493.9% increase), and then to the current listing price of $34,950,000 (249.5% increase from the 2023 listing price). These increases may not be sustainable and warrant careful scrutiny. • Negotiation Opportunity: The property has been on the market for 49 days. Without local market data, it's difficult to determine if this is above or below average. However, longer days on market typically suggest more negotiation room. • Potential Equity: Property could be worth up to $1,000,000 more than the asking price • Rental Income: $4,750/month with 100% occupancy (0.0% cap rate) • Schools: The presence of a top-rated elementary school (Kenter Canyon Elementary School) adds an estimated 5-7% premium to property values compared to similar homes in areas with lower-rated schools. The middle school also contributes positively, but to a lesser extent. • Safety: Compared to state averages, violent crime is 61.9% higher, and property crime is 98.3% higher. Compared to national averages, violent crime is 48.5% higher, and property crime is 137.9% higher. Robbery is significantly higher than both state (110.4%) and national (286.2%) averages. • Future Development: No specific planned developments are mentioned that would impact the property. • Abundant natural light throughout the house, thanks to large windows and strategic placement of openings. The orientation maximizes sunlight exposure. • Open and flowing layout with excellent connectivity between indoor and outdoor spaces. The floor plan is well-suited for entertaining and modern living.