1438 Salem Court
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 |
|---|---|---|---|
| Mar 11, 2026 | Sold | ||
| Sold | |||
| Feb 19, 2026 | In contract | - | |
| In contract | |||
| Jan 26, 2026 | Listed by Platinum Real Estate Group | $799,000 | |
| Listed by Platinum Real Estate Group | |||
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Views, views, views! Relax on the patio and take in sweeping hilltop vistas and refreshing ocean breezes from this beautifully remodeled home in Pilgrim Creek Estates, a highly desirable 55+ gated community where you own the land. This spacious 2-bedroom, 2-bath residence offers over 1,900 square feet of thoughtfully designed living space and has undergone a complete interior renovation. The brand-new kitchen features quartz countertops, stainless steel appliances, and elegant gold accents, creating a modern yet warm aesthetic that carries throughout the home. Standout features rarely found in the community include a large driveway, an extended garage with space for a workshop, solar, and a patio with panoramic hill views. Additional upgrades include new flooring throughout, new lighting, ceiling fans, and dual-pane windows. The expansive living room is filled with natural light and framed by two picture windows showcasing the scenic hills. The primary suite is a true retreat, with a remodeled bathroom reminiscent of a luxury hotel, featuring a custom shower with rain showerhead and handheld sprayer, a new vanity, and a bidet. The generous guest bedroom is complemented by a beautifully updated guest bathroom. A large laundry room with a built-in sink adds convenience and functionality. Ideally located close to shopping and dining, with a short drive to the beaches and harbor. Pilgrim Creek Estates is a meticulously maintained community offering exceptional amenities, including a clubhouse with full kitchen, billiards, gym, heated pool, spa, and free RV parking. Low HOA of $425/month includes water, trash, and sewer. A rare opportunity to enjoy turnkey living, stunning views, and resort-style amenities in one of the area’s most sought-after communities.
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| Nov 12, 2025 | Sold | ||
| Sold | |||
| Oct 16, 2025 | Listed by Platinum Real Estate Group | $430,000 | |
| Listed by Platinum Real Estate Group | |||
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Major fixer upper. Sold before processing.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017