27271 Corte Montecito
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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.
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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 |
|---|---|---|---|
| Oct 3, 2019 | No longer available | - | |
| No longer available | |||
| Aug 1, 2019 | Listed | $1,449,000 | |
| Listed | |||
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BEAUTIFUL TURN-KEY RANCHO MADRINA HOME - PRICED WAY BELOW MARKET TO SELL FAST! This beautiful residence is located on a large private corner lot on a single loaded quiet cul-de-sac street. Highly upgraded inside-and-out using all the most superior materials. The large kitchen includes professional stainless-steel Jenn-air appliances, twin ovens and dishwashers, tumbled travertine flooring, granite island & counters with full travertine backsplash, butler's pantry, warm cabinetry, four fireplaces, and built-in surround sound in backyard, courtyard, living, family and bonus rooms. Impeccably landscaped from the front to the back, the outdoor BBQ, firepit, pergola, shady trees, and high-end stonework make outdoor dining at its finest. Relax upstairs in your large master suite, complete with sitting area, fireplace, hardwood, travertine floors, counters and shower, spa tub, vanity and two large closets with built-in organizers. There are 3 large additional bedrooms all with their own private bathrooms. Located downstairs is a privately located suite that is perfect for family or guests with hardwood floors and an ensuite bathroom. Entertain friends and family upstairs in enormous bonus room with surround sound. This residence comes with a porte-cochere to a private motor court, large main garage and third car garage that can be your workshop or workout room. Priced under $200K+ than homes currently on market to sell fast. This won’t last! The manager has listed the unit size as 4492 square feet.
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| Sep 21, 2017 | Sold | ||
| Sold | |||
| Sep 2, 2017 | Listed | $1,349,000 | |
| Listed | |||
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This beautiful and highly upgraded Spanish style home is located on a large corner lot and quiet cul-de-sac in the prestigious gated community of Rancho Madrina. The owners recently spent more than $175K in high quality improvements including the creation of the ultimate outdoor living experience with professional landscape, olive trees, built-in BBQ, firepit, Pergola and tumbled stone patios in the front, rear and courtyard. Features include travertine floors, formal dining/living rooms, 3 fireplaces, main floor guest suite with private bath and gourmet kitchen with built-in refrigerator, stainless appliances, center island/breakfast bar, informal dining nook, granite counters, warm cabinetry and tumbled travertine backsplash. The kitchen opens to a massive family room with fireplace and doors to the outdoor entertaining areas. Other recent improvements include new carpet, designer paint, hardwood flooring, closet organizers, LED lighting throughout, ceiling fans and custom window coverings. The spacious master bedroom suite offers hardwood floors, sitting area, fireplace and large bathroom with soaking tub, dual sinks and walk-in closet with organizers. 3 additional bedrooms are located on the 2nd floor with ensuite bathrooms separate by a large bonus room. Spectacular Spanish architecture with archway to a motor court with separate 3rd car garage currently used as an exercise room. The manager has listed the unit size as 4492 square feet.
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| Aug 8, 2017 | Listed by First Team Estates | $1,349,000 | |
| Listed by First Team Estates | |||
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About Honeyman Ranch
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$10,000 /mo
- 5 Beds
- 3 Baths
- 2,520 ft²
$5,700 /mo
- 3 Beds
- 2 Baths
- 1,858 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017