16281 Echo Summit Court
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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.
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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 |
|---|---|---|---|
| Mar 14, 2025 | Sold | ||
| Sold | |||
| Dec 17, 2024 | Listed by BETTER HOMES AND GARDENS REAL ESTATE CHAMPIONS | $1,200,000 | |
| Listed by BETTER HOMES AND GARDENS REAL ESTATE CHAMPIONS | |||
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Located in the prestigious area of Citrus Heights. 16281 Echo Summit is a 3600 SF 5 bedroom home that sits on half acre all useable. SOLAR IS PAID, which eliminates the high electric costs with no solar payment. Sellers spent thousands in developing a resort style backyard to include, pool, outdoor kitchen area, basketball court, artificial turf, Tons of hardscape/cement. Large covered patio off the kitchen/family room and a second covered patio on the side currently used as a workout gym area. Gated RV Parking with stylish custom gates on both ends. Interior has 5 bedrooms, one downstairs. Living room dining area. Open concept with a large spacious family room open to the kitchen. Large kitchen Island with ample amount of cabinets with granite counters. Unique roll up garage door from the kitchen/family room opens to the backyard and blends the interior with the exterior and is perfect for entertaining. Large loft upstairs with 4 more good size bedrooms. Ceramic plank tile downstairs and in the loft. Carpet in bedrooms and stairs only. Property located on a small cul-de-sac with views of the mountains all around. 3 car tandem garage with access to the backyard through the RV area.
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| Apr 12, 2019 | Sold | ||
| Sold | |||
| Jan 26, 2019 | Listed by Integrity Place Realty | $639,000 | |
| Listed by Integrity Place Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017