1502 Palomar Drive
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 16, 2024 | Sold | ||
| Sold | |||
| Jul 9, 2024 | Listed by Skoglin Real Estate, Inc. | $774,900 | |
| Listed by Skoglin Real Estate, Inc. | |||
| | |||
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Welcome to this charming Single Story 3-bedroom, 2-bathroom home nestled in the heart of San Marcos. Boasting 1,257 square feet of comfortable living space, this residence offers a perfect blend of updates and cozy appeal. Adjacent to a park, close proximity to shopping center, schools, & freeway access. Property highlights include upgraded kitchen, freshly painted interior & exterior trim, 2 car garage & brand new carpet in all 3 bedrooms. Step inside to discover a recently updated kitchen featuring new granite countertops, gleaming stainless steel appliances, & tons of cabinet space, ideal for culinary enthusiasts. The open living room features vaulted ceiling and is equipped with ceramic tile creating a welcoming atmosphere, perfect for both relaxation and entertaining guests. The generous primary suite is a true retreat, complete with a private ensuite bathroom, ample amount of closet space and direct access to the backyard oasis. Enjoy the convenience & energy cost savings of a tankless water heater and a full side-by-side laundry area in the garage, adding to the home's functionality and efficiency. Spacious backyard with a mature lemon tree, offering space for outdoor gatherings and activities. Whether it's a quiet morning coffee or lively evening barbecues, this backyard is a haven for all occasions. Located in a desirable neighborhood of San Marcos, this home combines comfort, convenience, and style. Don't miss out on the opportunity to make this your new home!
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| Apr 11, 2013 | Sold | ||
| Sold | |||
| Mar 3, 2013 | Listed by Investment Real Estate | $359,900 | |
| Listed by Investment Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017