28120 Schulte Road
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 |
|---|---|---|---|
| Jul 20, 2025 | Relisted | $1,425,000 | |
| Relisted | |||
| Jul 8, 2025 | In contract | - | |
| In contract | |||
| Jun 18, 2025 | Listed | $1,425,000 | |
| Listed | |||
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Embark on a journey of transformation at 28120 Schulte Road, a captivating riverfront sanctuary spanning over 3 acres. Perfectly positioned near enchanting Carmel-by-the-Sea and Highway 1, this property offers a harmonious blend of easy access and tranquil privacy. The 4-bedroom, 2-bathroom home is a canvas for those inspired to create and personalize a unique living space. With all site preparations complete, including soil borings, site plans, and topographic maps, the foundation for your dream project is already laid. A dependable 50-gallon per minute well and a working septic system are ready to support your vision. The property also includes an enchanting orchard with a variety of fruit trees and more than 2 acres of flat land, perfect for building a new home, establishing gardens, or enjoying nature's tranquility. Additional features include a potting shed with a loft and a detached 2-car garage. Whether you're looking to develop, invest, or craft a peaceful retreat, this property offers a one-of-a-kind opportunity to build a personalized sanctuary and create lasting memories.
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| Aug 26, 2024 | Sold | ||
| Sold | |||
| May 16, 2024 | Listed by Coldwell Banker Realty | $1,425,000 | |
| Listed by Coldwell Banker Realty | |||
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Located down a quiet private drive off Schulte Road in a convenient Mid Valley location, experience the best of Carmel Valley living in this 4 bedroom, 2 bath home on 3+ acres. The main living area features exposed vaulted wood ceilings, wood flooring and an inviting wrap around porch that over looks beautiful and expansive mountain and valley views. The living room deck also leads to a spacious backyard area perfect for all your entertaining needs. The main level features a primary and an additional bedroom and bath and the lower level has 2 more bedrooms plus lots of extra space for an office or family room. The grounds include a small orchard with a variety of seasonal fruit trees, numerous areas for gardening and over 2+ acres of flat land perfect for raising chickens, keeping horses or starting your own vineyard! A detached 2 car garage & lots of parking available for a boat or RV. There's a sweet, detached artist studio/office with its own loft space and a private well that provides a plentiful water supply. Bring your imagination & contractor to this large sunny property with loads of potential to restore or expand existing residence. Experience privacy surrounded by nature and the best of country living. Just minutes from Carmel-by-the-Sea and all the Coast has to offer
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017