3196 Corte Hermosa
About This Property
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
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 |
|---|---|---|---|
| Oct 10, 2017 | Sold | ||
| Sold | |||
| Jul 29, 2017 | Listed | $1,469,000 | |
| Listed | |||
| | |||
|
Located in the private, guard gated community of Newport Canyon, this beautifully renovated two-story home is an excellent turnkey opportunity in Newport Beach. Completely updated in 2017, 3196 Corte Hermosa is 4-bedroom/2.5-bath single family home on an oversized corner lot that offers light filled spaces and is the perfect combination of functional space and convenient accessibility. The bright kitchen includes ample storage space, durable quartz countertops, stainless steel appliances and directly open to the family room. The family room is centered on a beautiful limestone framed gas fireplace and opens directly to the backyard. Adjacent to the kitchen is a spare room that can be used as a playroom or office. Located upstairs, the large master bedroom boasts a vaulted ceiling and a completely renovated en suite bath with Carrera marble, contemporary fixtures, durable porcelain tile floors manufactured to appear like wood, and a sizeable walk-in closet. The remaining 3 bedrooms are upstairs and the entire second floor has been fitted with new carpet. This expansive yard wraps around the home and is highlighted by the large pool, spa and bubbling waterfall. The backyard is accessible from the kitchen, family room, and living room. Enjoy all the amenities of this quiet and private community including pool and spa as well as close proximity to the Back Bay and some of the best hiking trails, dining, shopping, and attractions Newport Beach has to offer. The manager has listed the unit size as 2269 square feet.
| |||
| Jul 18, 2017 | Listed by Surterre Properties Inc. | $1,449,000 | |
| Listed by Surterre Properties Inc. | |||
Property Highlights
Building Info
Comparables
Status
Price/ft²
Listed On
Sold On
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017