1008 Ripple Avenue
About This Property
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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 |
|---|---|---|---|
| Aug 14, 2018 | No longer available | - | |
| No longer available | |||
| Jul 26, 2018 | Sold | ||
| Sold | |||
| May 15, 2018 | Listed | $1,579,000 | |
| Listed | |||
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Prepare to be wowed by this pristine gem with partial bay views in Pacific Grove's desirable Beach Tract. The dramatic upstairs great room has vaulted ceilings angling down to hardwood floors, open space bathed in natural light from surrounding windows and a fireplace. Glimpse the Bay from inside or from the upper deck. The kitchen area has a big center island with stove and two skylights above. Also upstairs is a high ceiling master suite with fireplace, large shower, jet tub, double sinks and large walk-in closet. The windowed central stairway features easy to navigate extra wide steps and low risers. Downstairs are two spacious bedrooms, full bath and den that opens to a new deck. The two-car garage is finished. Landscaping is drought-tolerant with a water recapture system. Built new 17 years ago, this house has been lovingly maintained by its original owner. Prime location a few blocks to the Monterey Bay and the Rec Trail, the PG Municipal Golf Links or a 15 minute walk to town. The manager has listed the unit size as 2294 square feet.
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| Feb 1, 2018 | Listed by KW Coastal Estates | $1,579,000 | |
| Listed by KW Coastal Estates | |||
| Jul 28, 2017 | Listed | $1,750,000 | |
| Listed | |||
| | |||
|
Prepare to be wowed by this pristine gem with partial bay views in Pacific Grove's desirable Beach Tract. The dramatic upstairs great room has vaulted ceilings angling down to hardwood floors, open space bathed in natural light from surrounding windows and a fireplace. Glimpse the Bay from inside or from the upper deck. The kitchen area has a big center island with stove and two skylights above. Also upstairs is a high ceiling master suite with fireplace, large shower, jet tub, double sinks and large walk-in closet. The windowed central stairway features easy to navigate extra wide steps and low risers. Downstairs are two spacious bedrooms, full bath and den that opens to a new deck. The two-car garage is finished. Landscaping is drought-tolerant with a water recapture system. Built new 17 years ago, this house has been lovingly maintained by its original owner. Prime location a few blocks to the Monterey Bay and the Rec Trail, the PG Municipal Golf Links or a 15 minute walk to town. The manager has listed the unit size as 2333 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017