35156 Hobbiton Road
About This Property
The 2005 manufactured home is the perfect blend of comfort and style. Spanning a generous 2,016 square feet, the home features two spacious bedrooms and a luxurious primary suite. The expansive family room, complete with a custom-tiled fireplace, is framed by windows that offer unparalleled views of the surrounding landscape.
The galley kitchen is both functional and stylish, offering ample cupboard space, a cozy breakfast nook, and recessed lighting. Step outside to enjoy the back patio, shaded by an alumawood cover, perfect for relaxing and taking in the peaceful surroundings. A FULLY FENCED property is ideal for children and pets.
Two large metal outbuildings provide the space and flexibility to manage the property effectively. With a detached metal garage, you can easily store your RV, ensuring it's protected and ready for your next adventure.
The possibilities at Villa Hermosa Farm are truly endless. Whether you dream of producing your own wine, harvesting olives, raising horses, or even adding a pool, this property offers a unique opportunity to live the lifestyle you've always desired.
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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 |
|---|---|---|---|
| Sep 4, 2025 | Sold | ||
| Sold | |||
| Aug 12, 2025 | In contract | - | |
| In contract | |||
| Jul 5, 2025 | Price Decreased |
$649,000
↓ $40K
(5.8%) | |
| Price Decreased | |||
| May 1, 2025 | Price Decreased |
$689,000
↓ $61K
(8.1%) | |
| Price Decreased | |||
| Apr 27, 2025 | Price Decreased |
$749,900
↓ $49K
(6.2%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017