223 Martinvale Lane
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 |
|---|---|---|---|
| Apr 15, 2022 | No longer available | - | |
| No longer available | |||
| Apr 6, 2022 | Listed by Realty One Group Infinity | $1,299,888 | |
| Listed by Realty One Group Infinity | |||
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Welcome home to the coveted corner lot of Martinvale Lane! Within minutes from Santa Teresa County Park hiking and picnics galore, this beautiful Ranch-style home rests peacefully on just under 7,000 square feet of land. At the front door, you are greeted by a family room that presents plenty of natural light to encourage artistic expression. Three, freshly painted, private bedrooms branch off with a capacious master bedroom, walk-in closet and foliage views. Youll love how the kitchen and family room opens up to a magnificent backyard. Perfect for serenity and entertaining, this low-maintenance yard features a fruitful avocado tree, climbing tree, and ample places to garden. There is a separate detached building for plenty of storage parallel to a side gate opening on Muscat Drive perfect for RV Parking. This is a must see for your new Martinvale home conveniently located to the Santa Teresa Golf Club and IBM Research Lab situated in the lovely rolling hill views. The manager has listed the unit size as 1577 square feet.
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| Apr 27, 2017 | Sold | ||
| Sold | |||
| Mar 27, 2017 | Listed by Sereno Group | $779,000 | |
| Listed by Sereno Group | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017