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225 Lilac Ct.
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 |
|---|---|---|---|
| Sep 30, 2024 | Sold | ||
| Sold | |||
| Aug 13, 2024 | In contract | - | |
| In contract | |||
| Jun 27, 2024 | Listed by BHHS PERRIE MUNDY REALTY GROUP | $655,000 | |
| Listed by BHHS PERRIE MUNDY REALTY GROUP | |||
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This classic South Redlands mid-century single-story home built in 1955 charms with a sleek horizontal profile and extended eaves. Decorative black window shutters accent symmetrical double-paned windows out front. A professionally landscaped yard enhances the home’s curb appeal, while its sizeable backyard is perfect for hosting parties. The home underwent a full renovation in 2018. Recent upgrades include brand new interior paint, front and back yard landscaping, brand new solar, and a state-of-the-art Tesla Powerwall that can store energy from solar panels or the grid to power the home. All walls feature crown molding. In the evenings, cozy up to a wood-burning stacked stone fireplace in the living room. Enjoy modern updates in the kitchen, including quartz countertops, self-closing white cabinets and drawers, stainless steel appliances, and a white subway tile backsplash. An artful wicker light fixture hangs over a comfortable dining nook adjacent to the kitchen. The master bath features a walk-in shower, and all bathrooms were recently tiled. The home also received new ductwork in 2023, a new water heater installed in 2019, and a new electrical panel. Part of a cherished neighborhood with pride of ownership. Located on a quaint, peaceful cul-de-sac within a short distance of historic Downtown Redlands, Redlands High School, Prospect Park, Redlands Bowl, and a suite of retail shops.
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| Jan 3, 2019 | Sold | ||
| Sold | |||
| Aug 16, 2018 | Listed by KELLER WILLIAMS REALTY | $439,000 | |
| Listed by KELLER WILLIAMS REALTY | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017