1531 Melody Lane
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 |
|---|---|---|---|
| Oct 7, 2021 | No longer available | - | |
| No longer available | |||
| Jun 25, 2021 | In contract | - | |
| In contract | |||
| Jun 9, 2021 | No longer available | - | |
| No longer available | |||
| Jun 2, 2021 | Listed by ERA North Orange County | $1,180,000 | |
| Listed by ERA North Orange County | |||
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Does life get any better than this?? Welcome home not only to one of Fullerton's most coveted neighborhood, Raymond Hills but also to your Contemporary Masterpiece single story home. This showplace will truly have your friends and family alike awing and oohing out loud. Straight out of the pages of a Modern Architectural magazine or an HGTV or Million Dollar show is this amazing, high end design trophy home. From the peaceful and serene curb appeal and charming walk way you open the custom front door to a breathtaking, stunning and open floorplan. The manager has listed the unit size as 1973 square feet.
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| Jun 4, 2019 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017