1844 MAGELLAN DR
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 |
|---|---|---|---|
| Apr 29, 2024 | Sold | ||
| Sold | |||
| Mar 13, 2024 | Listed by KW Advisors East Bay | $1,198,000 | |
| Listed by KW Advisors East Bay | |||
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Modernized three-bedroom, two-bath home nestled on a quiet street in Montclair with spectacular sunset vistas. Via the public staircase across the street you’ll have access to all that Montclair has to offer: top-rated schools, pickle ball and tennis courts, Sunday farmers market, restaurants, cafes, hiking trails and more—all accessible without a car! Effortless flow and abundant natural light fill the public spaces. The dining room and kitchen connect level out to the enchanting backyard—a seamless extension of living space. The kitchen showcases modern elegance, sleek finishes, and a stylish island with bar seating. Entertain guests in the dining area, perfect for savoring delightful meals. Two generously sized bedrooms on the main level, separated by a full bath, provide ample accommodations for winding down. The lower level, dedicated to the luxe primary suite, offers a tranquil escape with an adjacent full bath, custom closet system, and laundry facilities. Experience indoor-outdoor living at its finest as you transition to the expansive backyard with a grand gazebo—an ideal spot for enjoying Oakland’s unbeatable weather. An attached garage with storage integrates convenience and practicality into your new lifestyle. Open Sat & Sun 2-4.
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| May 22, 2020 | Sold | ||
| Sold | |||
| Apr 19, 2020 | Listed by COMPASS | $1,225,000 | |
| Listed by COMPASS | |||
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Retreat to privacy and enjoy the welcoming ambiance of this charming home, located within steps to Montclair Village shops, restaurants, cafes, library, public transportation and the Sunday Farmers market. Montclair Elementary is a 6 minute walk per Google maps. This delightful 2-story home offers abundant sunshine, a sheltered backyard and an open living/dining area with direct access to your own outdoor oasis. The kitchen, two bedrooms and a hall bath complete the upper level. On the lower level, the owners used the flexible 3rd bedroom as a media retreat. There is a also a full bathroom, a laundry nook and access to the 2-car garage below.
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| Jun 24, 2014 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017