128 Rancho Road
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 |
|---|---|---|---|
| Jun 29, 2023 | No longer available | - | |
| No longer available | |||
| Jun 14, 2023 | In contract | - | |
| In contract | |||
| Jun 11, 2023 | Listed by Carmel Realty Company | $3,495,000 | |
| Listed by Carmel Realty Company | |||
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A stunning oasis on over an acre in majestic Carmel Valley. This home recently underwent a $1M+ renovation, bringing the home to its full potential. This truly California Casual home allows one to enjoy the beauty of indoor/outdoor living while reveling in the luxuries throughout. The 3,200+ sq ft main house consists of 3 beds, 3 baths and 320 sq ft private wine cellar, along with 8 skylights, 2 bay windows, and 3 French doors allowing natural light to envelop the space. Top of the line features include a stunning chefs kitchen with high-end appliances such as a Bertalozzi gas stove, Liebherr refrigerator and Miele dishwasher. Custom Walnut cabinetry in the kitchen, living area, and primary bedroom wow along with stunning Alder cabinetry in the oversized walk-in closet. Outside, meander through the gardens to your cabana, or beyond the built-in gas fire pit to a 450+ sq ft office with its own full bath. This home is truly magical. Move right in and relax in the Carmel Valley sun. The manager has listed the unit size as 3207 square feet.
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| Mar 26, 2019 | Sold | ||
| Sold | |||
| Oct 17, 2018 | Listed by Sotheby's International Realty | $1,595,000 | |
| Listed by Sotheby's International Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017