31533 Electric Avenue
About This Property
This spacious residence offers a versatile layout, featuring a welcoming living room that has vaulted ceilings, dining room, and separate family room, perfect for both everyday living and entertaining guests. The heart of the home is the updated kitchen, designed with style and functionality in mind. It boasts newer kitchen cabinets, a sleek farm sink, a modern backsplash, and stainless steel appliances, making it a delight for any home chef. Thoughtful details elevate the interior, including ceiling fans for year-round comfort, recessed lighting that brightens every space, and elegant crown molding that adds a touch of sophistication throughout, new garage door opener and newer windows. The spacious main bedroom has vaulted ceilings, a walk in closet and remodeled bathroom that is a standout feature, offering a luxurious walk-in shower with contemporary fixtures-a perfect retreat for relaxation. Open the French patio doors with built in blinds in the family room and step outside to the expansive 0.36-acre lot, where endless possibilities await. A sturdy aluminum wood patio cover provides a shaded oasis for outdoor dining or lounging, while the property's RV parking and two sheds offer ample storage and convenience for adventurers or hobbyists. The large horse property lot size ensures plenty of space for animals, gardening, recreation, or simply enjoying the outdoors. 31533 Electric Ave is a rare gem in Nuevo, blending modern comforts, stylish upgrades, and a spacious lot into one exceptional package. Don't miss your chance to call this property home!
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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 25, 2025 | Sold | ||
| Sold | |||
| May 3, 2025 | In contract | - | |
| In contract | |||
| Jan 26, 2025 | Listed by The Real Estate Firm | $625,000 | |
| Listed by The Real Estate Firm | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017