12225 Heritage Way
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 |
|---|---|---|---|
| Jul 24, 2019 | Sold | ||
| Sold | |||
| Jun 6, 2019 | Listed by Intero Real Estate Services | $2,495,000 | |
| Listed by Intero Real Estate Services | |||
| Mar 15, 2019 | No longer available | - | |
| No longer available | |||
| Jan 20, 2019 | Listed | $2,465,000 | |
| Listed | |||
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Custom new build, stunning Modern Mediterranean Villa. Gorgeous panoramic views of the pristine West Hills of Morgan Hill & Gilroy located in the desirable Heritage Estates along the well known South County wine trail. Mature Oak Trees, running creek, options for accessory unit (check w/ county guidelines), or pool & spa, vineyards, etc... Quality design interiors feature, single story/open floor plan with gourmet kitchen, Carrera Marble counters, Thermador appliances. Living/Family Room, large glass doors, covered Loggia porch w/ fireplace. Elegant Master bedroom and bathroom suite, large walk in closet. 2 additional large bedrooms suites w/ full bathrooms + guest bedroom suite w/ full bath & office/den. 3 car garage w/ electric car charging outlet. Per architectural plans, the living space 4533 sq. ft. 519 sf covered loggia porches 836 sf garage Gross 5888sf *Active Construction trucks & trailer are temporary* The manager has listed the unit size as 4533 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017