152 Venetia Drive
About This Property
This home was extensively rebuilt in 2013, while retaining its 1920's Spanish charm. It includes many original elements - barrel living room ceiling, floor and ceiling moldings, oak hardwood floors, interior arches, handcrafted built-ins and niches, living room chandelier, interior doors. Enter through the beautifully restored original front door. The home features fully upgraded electrical and plumbing. Stay comfortable with the new central forced heat and air conditioning. New lighting fixtures throughout. You will appreciate the fully modernized kitchen/bathrooms. The chef's kitchen includes built-in stainless appliances by Thermador/KitchenAid, an island-on-wheels that moves to a corner niche to become a serving buffet. The upstairs private master suite includes all new windows, hi/hers walk-in closets, large master bath w/barn doors, and balcony. The indoor laundry w/ barn door features hanging and folding space, a deep laundry sink. The two private parking spaces include the added garage (shown as storage space) and the back covered parking space with electric gate. Relax in the lush private back yard w//stone, and grassy areas. Enjoy the beautiful stone patio front yard w/ pergola and lush tropical plants. Monitored security system. Tankless hot water heater. Walk to Belmont Shore, Naples/2nd St businesses/restaurants, and new mall opening soon at PCH/2nd.
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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 17, 2019 | Sold | ||
| Sold | |||
| May 3, 2019 | Listed by Coldwell Banker Coastal Alliance | $1,299,000 | |
| Listed by Coldwell Banker Coastal Alliance | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017