24 Merill Drive
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 |
|---|---|---|---|
| Feb 13, 2025 | Sold | ||
| Sold | |||
| Jan 18, 2025 | In contract | - | |
| In contract | |||
| Oct 10, 2024 | Listed by eXp Realty of California Inc | $1,299,000 | |
| Listed by eXp Realty of California Inc | |||
| Oct 19, 2021 | Sold | ||
| Sold | |||
| Sep 24, 2021 | Listed by Berkshire Hathaway HomeServices California Properties | $999,000 | |
| Listed by Berkshire Hathaway HomeServices California Properties | |||
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The only golf course view home currently on market in Montecito. This home is in immaculate condition including pre-paid solar lease, security shutters and many other features. Open floor plan with double doors onto large covered patio overlooking the pool, spa and Desert Willow Golf Course. Upgrades include: added insulation, Santa Barbara (smooth) exterior finish, phantom screens on all external doors, epoxy flooring and swamp cooler in the garage. Low maintenance landscaping. Patio furniture that is included is listed on Seller's inventory list.
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Property Highlights
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Price/ft²
Listed On
Sold On
About Palm Desert
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017