31687 Valley View Drive
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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 |
|---|---|---|---|
| Dec 17, 2022 | No longer available | - | |
| No longer available | |||
| Nov 18, 2022 | In contract | - | |
| In contract | |||
| Nov 7, 2022 | Listed by House of Seven Gables Real Estate Inc. | $356,000 | |
| Listed by House of Seven Gables Real Estate Inc. | |||
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The peaceful mountain retreat with modern conveniences you have always wanted can finally be found at 31867 Valley View Drive! Make use of your entire flat lot with a paved driveway big enough for all the cars and all the toys you may need. Traverse the storybook path passing raised flower beds and dual paned picture windows entering through the cheery red front door. Upon entry you will find low maintenance flooring, gorgeous wood beamed ceilings, and a cozy stone fireplace. With its abundant natural light through the picture windows you can enjoy nature 365 days of the year without stepping outside. Wash dishes while watching squirrels scramble up pine trees in the updated kitchen that includes a dishwasher, gas stove, microwave, refrigerator, and an adjacent stacked washer/dryer. Let the kids and dogs out into the fully gated yard through a convenient kitchen side-door. Entertain with ease in a dining room that opens to the kitchen. On the main level is a full bathroom with a shower/bathtub combination. Up the extra wide stairwell is a landing space that leads to 3 bedrooms each with unique architectural details. Peaceful woodland views can be enjoyed from almost every window. Additional outdoor features include a large storage shed, enough paved parking for the extended family, private location away from the road, and pleasant curb appeal. Close enough to commute to the big cities down the hill as well as to use as a mountain retreat for Big Bear Resort and Lake Arrowhead! The manager has listed the unit size as 1124 square feet.
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| Aug 20, 2021 | Sold | ||
| Sold | |||
| Jul 18, 2021 | Listed by RE/MAX LAKESIDE | $349,000 | |
| Listed by RE/MAX LAKESIDE | |||
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About Running Springs
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017