2675 Sherwood 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%.
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 |
|---|---|---|---|
| Jun 17, 2019 | Sold | ||
| Sold | |||
| Mar 15, 2019 | Listed by Barnes & Associates Sotheby's | $1,285,000 | |
| Listed by Barnes & Associates Sotheby's | |||
| Aug 23, 2018 | No longer available | - | |
| No longer available | |||
| Jun 11, 2018 | Listed | $1,549,000 | |
| Listed | |||
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Listed by Broker Laura McKinney, Barnes & Associates, Sotheby's International Realty. 805-235-0457 or [email protected]. Please visit www.2675Sherwood.com. Built in 1967 and designed by local artist Warren Leopold. This home is an original custom design and exemplifies Big Sur Style and Mid-Century modernism.This rare and extraordinary location is perched on the bluff with breath taking ocean views of white water to the north and south. The cupola provides more than 180 degrees of spectacular ocean viewing. Plenty of windows and natural redwood, built in seating, two fireplaces, unique and artistic angles and ocean views are just a few of the features. The lot has room to expand the home which enhances value and potential. Ouside the window is a designated California State Marine Preserve. The natural setting is near beach access and close to the Fiscalini Ranch preserve.The exterior is freshly painted and the interior has been maintained with an attention to preserving the unique architecture. This very busy Licensed Vacation Rental brings many to the offerings of our California central coast: artistic Cambria, gorgeous Hearst Castle, amazing wineries, beautiful hikes, Elephant Seal rookery and many delicious one of a kind restaurants. The manager has listed the unit size as 1170 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017