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3061 Michael 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 |
|---|---|---|---|
| Apr 16, 2026 | Sold | ||
| Sold | |||
| Mar 31, 2026 | In contract | - | |
| In contract | |||
| Mar 26, 2026 | Listed by RE/MAX ONE | $1,099,000 | |
| Listed by RE/MAX ONE | |||
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Beautifully remodeled and thoughtfully upgraded, this 4-bedroom, 2-bath Newbury Park home is a must-see. Designed for today's lifestyle, the interior has been reconfigured into a spacious open-concept floor plan that seamlessly connects the kitchen, dining, and living areas--ideal for both everyday living and entertaining.A comprehensive professional remodel in 2017 brought this home to the next level, including a new roof, dual-pane windows and sliders, updated HVAC system with Nest controls, wood-grain flooring, fresh interior paint, new doors, and stylish louvered window treatments throughout.The stunning kitchen is the heart of the home, featuring top-grade stainless steel appliances, a large farmhouse sink, expansive quartz countertops, and an impressive amount of storage--all opening directly to a generous family room with a cozy fireplace.Both bathrooms have been tastefully upgraded with new tile, fixtures, lighting, and ventilation, offering a clean, modern feel.Step outside to a beautifully designed, low-maintenance yard with artificial turf in both the front and back. Enjoy multiple outdoor living spaces including stone pavers leading to a charming sitting area, a gazebo, and a newly built covered patio with a full roof--perfect for year-round enjoyment. The property also features a basketball hoop with a concrete court, storage sheds included, and scenic mountain views.Additional highlights include a fully owned $70,000 solar system, providing significant energy savings, as well as a versatile bonus area at the back of the garage that has been converted into a private office and soundproof music room.This home offers the perfect blend of modern upgrades, functional living space, and inviting indoor-outdoor lifestyle--all in a desirable Newbury Park location.
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| Apr 13, 2021 | Sold | ||
| Sold | |||
| Feb 27, 2021 | Listed by Vintage Real Estate Services Inc. | $780,000 | |
| Listed by Vintage Real Estate Services Inc. | |||
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About Thousand Oaks
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$6,800 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017