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15551 Forest Hill 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 |
|---|---|---|---|
| Sep 25, 2026 | Sold | ||
| Sold | |||
| Aug 26, 2026 | In contract | - | |
| In contract | |||
| Aug 11, 2026 | Listed by Intero Real Estate Services | $1,075,000 | |
| Listed by Intero Real Estate Services | |||
| Jul 9, 2021 | Sold | ||
| Sold | |||
| Jun 1, 2021 | Listed by Coldwell Banker Realty | $868,000 | |
| Listed by Coldwell Banker Realty | |||
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The best of Bear Creek Estates! Wake up to the sounds of owls in the forest, yet only 2 miles to town. Natural light flows through the open floor plan with exposed beams & tongue and groove ceiling. Tons of windows with views into your own redwood grove. Many recent upgrades include a remodeled kitchen with high end appliances and concrete counters, a stone fireplace surround and new flooring throughout, including a custom staircase. The expansive decks, and redwood grove garden are ideal for entertaining and indoor/outdoor living. Downstairs includes a family room, and a bonus space. GB internet available. The workshop/garage with storage loft is oversized 900+sf . Just steps away from the desirable Bear Creek Community Center, which features tennis courts, swimming pool, rec center, summer camps and more. An excellent commute location to Silicon Valley or Santa Cruz, see why this welcoming neighborhood is the best kept secret in the area!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017