1615 Cumbre Road
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%.
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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 |
|---|---|---|---|
| Dec 10, 2019 | Sold | ||
| Sold | |||
| Oct 8, 2019 | Listed by RE/MAX Parkside Real Estate | $1,280,000 | |
| Listed by RE/MAX Parkside Real Estate | |||
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Estate home in Spanish Camp on seven +/- acres with stunning views of signature Oak studded rolling hills of the Central Coast. Rural setting only 5 minutes from the beautiful, historic town of Paso Robles. This single level 2658 +/- Mediterranean style home has 4 bedrooms and 2 & 3/4 bathrooms with multiple decks off the back side of the home for taking in the views. This home has been designed for entertaining with open concept living room and kitchen with travertine floors, a gas fireplace in the living room and family room, built-in bookcases, arched doorways and a temp-controlled wine closet. The kitchen has beautiful alder cabinets with multiple pull-outs, a walk-in pantry, and prep sink in the island. The master suite has 3 spacious closets and views of the hills with its own balcony. The master bath with jetted-tub and double sink vanity has radiant heat under the travertine tile floors, a walk-in closet and a built-in medicine/cosmetic cabinet. This cul-de-sac, hilltop location offers a pristine park-like setting and backyard is fenced for dogs and animals. A separate building, designed to match the style of the home with tile roof has a great entertaining area with space for a pool & would make a great pool house. For the equestrian, this building has great storage and is connected to open acreage by horse fencing with space for a barn or round-pen and open pastures on three sides of the property. Several trees on the property include almond, fig, cherry and plum!
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| Oct 31, 2012 | Sold | ||
| Sold | |||
| Jun 1, 2012 | Listed by BHHS Hallmark Realty | $795,000 | |
| Listed by BHHS Hallmark Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017