1538 Ottawa ROAD
About This Property
The front of the home showcases elegance and appeal, featuring a spacious living room with direct access to the rear yard. A testament to living on a generous lot, which boast a suburban feel, with the Vibrancy of City Living. Inside you will discover a sanctuary of Luxury finishes, sunlight floods the interior, accentuating an impressive array of premium finishes. Upon entering the home, one is greeted by the striking kitchen, rich cabinetry and countertops, custom molding, and large windows. The Gourmet Kitchen is a culinary masterpiece with beautiful and brand new appliances and high-quality finishes. 3 spacious bedrooms, and 2 Full baths, with walk-in closets and top of the line tiles and craftsmanship offers an exquisite luxury lifestyle. The exterior of the residence is exceptionally private and provides a very private backyard for entertaining and fun. While the built-in storage provides ample space for your tools and extras, the double size driveway provides parking space for multiple vehicles.
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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 |
|---|---|---|---|
| Sep 17, 2024 | Sold | ||
| Sold | |||
| Aug 2, 2024 | In contract | - | |
| In contract | |||
| Aug 1, 2024 | Price Decreased |
$399,000
↓ $20K
(4.8%) | |
| Price Decreased | |||
| Jul 24, 2024 | Price Decreased |
$419,000
↓ $5K
(1.2%) | |
| Price Decreased | |||
| Jul 22, 2024 | Price Decreased |
$424,000
↓ $1K
(0.2%) | |
| Price Decreased | |||
Property Highlights
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About Pinellas
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017