37 Taormina Lane
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 |
|---|---|---|---|
| May 31, 2024 | No longer available | - | |
| No longer available | |||
| Apr 30, 2024 | In contract | - | |
| In contract | |||
| Apr 17, 2024 | Listed by RE/MAX Gold Coast | $950,000 | |
| Listed by RE/MAX Gold Coast | |||
| | |||
|
Living in Charming Ojai is like stepping into a serene oasis nestled among picturesque mountains and lush valleys. The small town charm is palpable as you stroll along tree-lined streets adorned with quaint shops and cafes. The soothing presence of the Topa Topa Mountains provides a comforting backdrop to everyday life, inviting you to enjoy outdoor activities like biking, yoga, or simply relaxing in a peaceful setting. Nestled in the charming and historic community of Taormina in Ojai, this adorable two-bedroom, two-bath home is a true gem. The home boasts a cozy and inviting atmosphere, with a bright and airy living room that features large windows offering views of the surrounding mountains. The spacious kitchen is perfect for cooking and entertaining, with great appliances and plenty of counter space. Each bedroom offers a tranquil retreat, with ample natural light and comfortable space for relaxation. The two bathrooms are quaint but functional. Outside, the home features a lovely backyard with a patio area, ideal for enjoying al fresco dining or simply unwinding in the fresh air. Located in the historic community of Taormina, residents can enjoy the peaceful ambiance of Ojai while being just a short distance from local shops, restaurants, and hiking trails. Living in the Taormina Historic Community embodies characteristics of a scaled down version of French Normandy architecture. This beautiful community is just steps from the Ojai Meadows Preserve with hiking trails & shortcuts to Meiners Oaks and adjacent to the Krotona Institute. Whether you're looking for a weekend getaway or a permanent residence, this charming home in Taormina is sure to steal your heart. The manager has listed the unit size as 998 square feet.
| |||
| Mar 30, 2020 | Sold | ||
| Sold | |||
| Feb 20, 2020 | Listed by RE/MAX Gold Coast REALTORS | $625,000 | |
| Listed by RE/MAX Gold Coast REALTORS | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017