32
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389 Corralitos Road
About This Property
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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 |
|---|---|---|---|
| Aug 22, 2026 | Price Decreased |
$2,250,000
↓ $25K
(1.1%) | |
| Price Decreased | |||
| Jun 5, 2026 | Listed by CENTURY 21 Masters | $2,275,000 | |
| Listed by CENTURY 21 Masters | |||
| Oct 8, 2024 | Relisted | $2,400,000 | |
| Relisted | |||
| Oct 5, 2024 | No longer available | - | |
| No longer available | |||
| Jul 31, 2024 | Listed | $2,400,000 | |
| Listed | |||
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Residential and Agricultural property. The Agricultural area can be use for organic farming or raising livestock. The Residential area can be used to entertain friends and family in your expansive back yard under the sun and stars. Gated Entry for extra privacy, the house has a great open space in the bottom floor for indoor entertaining and a full Bathroom and Bedroom. Plus a 300 Sq. Ft. Sunroom next to the formal dining room for Holiday dining with the whole Family. The additional permitted 888 Sq. Ft. exercise Room above the 3-Car Garage. Can possibly be converted to an ADU, buyers are advice to contact Santa Cruz Co. Planning Depart for more info on ADU requirements. The Flat 5.0+- Acre Farmland in back of the house, was previously leased to a local Organic Tomato farmer for many years. Custom Built-in 2002, 3 Bed, 3 Bath, 3 Fireplaces, primary Suite with Office/ Den. Den, can possibly be converted to a fourth bedroom. Many Fruit Trees, a Hot Tub and several raised planters. Best of all it's close to the famous Corralitos Sausage Market, Wineries, Parks, restaurants and much more.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017