261 Southside Loop #A
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 12, 2025 | In contract | - | |
| In contract | |||
| Jan 21, 2025 | Relisted | $675,000 | |
| Relisted | |||
| Jan 16, 2025 | In contract | - | |
| In contract | |||
| Nov 23, 2024 | Listed | $675,000 | |
| Listed | |||
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Welcome to 261 Southside Loop Unit A. This newly constructed 3 bed 4 bath is built in Salida's most desired neighborhood of Two Rivers. When you enter the home you will be greeted by an open concept living space complete with engineered hardwood floors, a flood of natural light provided by large windows and a kitchen with calacatta quartz countertops and beautiful coffee brown cabinets. Just off the kitchen sits a laundry room with ample storage, a half bath and one of two spacious Primary bedrooms. Head up the stairs to two more bedrooms, each with walk-in closets sure to fit all of your clothing needs, and their own bathrooms with custom tile showers. The upstairs Primary features a walk out balcony with stunning views of Methodist Mountain and the Collegiate Peaks. This home sits across the street from Two Rivers open space and walking path that leads you up to the Two Rivers Commons for quick access to shops and restaurants. Continue past Two Rivers Commons 5 minutes and you are smack dab in Salida's Historic Downtown District. Why wait, make this your home today!
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Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
03/25/2025
|
5 Bed
|
7 Bath
|
3043 ft²
|
$1,120,000
5 Bed
7 Bath
3043 ft²
|
$1,120,000
03/25/2025
|
Hunter Smith
Texas Dream Realtors
| |
|
11/23/2024
|
2 Bed
|
1 Bath
|
1343 ft²
|
$565,000
2 Bed
1 Bath
1343 ft²
|
-
-
|
Hunter Smith
Texas Dream Realtors
| |
|
11/23/2024
|
3 Bed
|
1 Bath
|
1700 ft²
|
$675,000
3 Bed
1 Bath
1700 ft²
|
-
-
|
Hunter Smith
Texas Dream Realtors
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017