22196 Summit 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%.
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 |
|---|---|---|---|
| Jul 11, 2025 | Sold | ||
| Sold | |||
| Jun 13, 2025 | In contract | - | |
| In contract | |||
| Oct 10, 2024 | Listed | $1,200,000 | |
| Listed | |||
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Ideally located with easy access to Hwy 17, this charming property is just 10 minutes from downtown Los Gatos. Nestled in an idyllic setting, it boasts mature gardens with meandering paths, offering multiple areas to enjoy breathtaking long-range mountain views. The usable land features several fruit trees, creating a peaceful outdoor retreat. The two-bedroom, one-bathroom home highlights refinished Fir floors, Anderson French doors, and a vintage picture window in the living room that frames the beautiful grounds. A spacious office provides stunning views of the meadow and surrounding mountains. Additionally, there's an artist studio perfect for creative projects or a home office, along with a separate workshop. The property is served by Stage Coach Water Company and falls within the award-winning Los Gatos school district, including Loma Prieta Elementary, C.T. English Middle School, and Los Gatos High.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017