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4512 Workman Mill Road #321
About This Property
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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 |
|---|---|---|---|
| Oct 7, 2024 | In contract | - | |
| In contract | |||
| Sep 7, 2024 | In contract | - | |
| In contract | |||
| Aug 11, 2024 | Price Decreased |
$549,000
↓ $20K
(3.5%) | |
| Price Decreased | |||
| Jul 25, 2024 | Listed | $569,000 | |
| Listed | |||
| | |||
|
PRICE IMPROVEMENT! Welcome to Spyglass Villas, a serene community. This offering is a well cared for and maintained condo with desirable placement within the community featuring a clean and open floor plan that blends comfort with functionality. A bright living room with high ceilings creates a spacious and welcoming environment ideal for both everyday living and entertaining. Open and airy yet comfortable and cozy, complimented by a gas fireplace and stylish mantle. The floor plan includes two generous sized bedrooms with 2 baths each with tubs. The spacious ensuite primary bedroom has ample closet space and access to a generous sized balcony with direct access to the living room, perfect for enjoying fresh air and views of the surrounding area and open skies. The second bedroom is roomy and versatile. The bathrooms are clean and practical, designed to meet your everyday needs. A clean and ready to use kitchen featuring tile countertops and stainless steel range and micro/vent combo awaits your culinary creations. A second balcony off of the laundry area only adds to its appeal. The community offers beautifully landscaped grounds and recreational areas that enhance the peaceful and convenient lifestyle. Additional highlights of the condo include ample storage, plantation shutters, and preferred dedicated parking. Centrally located near shops, dining, entertainment, popular hiking trails and public transportation, all coming together to provide a comfortable and appealing living experience.
| |||
| Jun 26, 2020 | Sold | ||
| Sold | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
02/11/2026
|
3 Bed
|
2 Bath
|
1234 ft²
|
$575,000
3 Bed
2 Bath
1234 ft²
|
$537,300
-6.56%
04/16/2026
|
Rebecca Kearney
Century 21 Award
| |
|
09/17/2025
|
2 Bed
|
1 Bath
|
857 ft²
|
$415,000
2 Bed
1 Bath
857 ft²
|
$416,000
+0.24%
11/05/2025
|
LUIS RUIZ
HOMEQUEST REAL ESTATE
| |
|
07/25/2025
|
2 Bed
|
1 Bath
|
857 ft²
|
$489,000
2 Bed
1 Bath
857 ft²
|
$445,000
-9.00%
11/13/2025
|
Tony Radaich
Tony Radaich, Broker
| |
|
11/21/2024
|
3 Bed
|
2 Bath
|
1234 ft²
|
$575,000
3 Bed
2 Bath
1234 ft²
|
$579,900
+0.85%
01/31/2025
|
Ramon Sanchez
Concord Realty
| |
|
11/01/2024
|
2 Bed
|
1 Bath
|
857 ft²
|
$515,000
2 Bed
1 Bath
857 ft²
|
$490,000
-4.85%
02/13/2025
|
Georgette Ajemian
Dreamwork Realty Inc.
| |
|
10/14/2024
|
2 Bed
|
2 Bath
|
994 ft²
|
$550,000
2 Bed
2 Bath
994 ft²
|
$535,000
-2.73%
02/27/2025
|
Lauresa Valles
Exp Realty
| |
|
09/05/2024
|
2 Bed
|
2 Bath
|
994 ft²
|
$535,000
2 Bed
2 Bath
994 ft²
|
$550,000
+2.80%
07/01/2025
|
Mercedes De La Cruz
Century 21 Allstars
| |
|
06/21/2024
|
2 Bed
|
2 Bath
|
994 ft²
|
$519,000
2 Bed
2 Bath
994 ft²
|
$500,000
-3.66%
08/22/2024
|
JESSE GARCIA
REALTY MASTERS & ASSOCIATES
| |
|
05/23/2024
|
3 Bed
|
2 Bath
|
1219 ft²
|
$624,000
3 Bed
2 Bath
1219 ft²
|
-
-
|
Lisa Avitia
Keller Williams - Long Beach Pacific Estates
| |
|
06/04/2024
|
2 Bed
|
1 Bath
|
857 ft²
|
$530,000
2 Bed
1 Bath
857 ft²
|
$515,000
-2.83%
12/05/2024
|
Fred Smith
Berkshire Hathaway HomeServices California Properties
| |
|
05/21/2024
|
2 Bed
|
1 Bath
|
857 ft²
|
$499,000
2 Bed
1 Bath
857 ft²
|
-
-
|
Gil Rodriguez
Sharpstone Realty
| |
|
12/13/2023
|
3 Bed
|
2 Bath
|
1234 ft²
|
$597,000
3 Bed
2 Bath
1234 ft²
|
-
-
|
Oscar Sanchez
Century 21 Allstars
| |
|
11/24/2023
|
3 Bed
|
2 Bath
|
1234 ft²
|
$599,000
3 Bed
2 Bath
1234 ft²
|
-
-
|
Luther Sanchez
Century 21 Allstars
| |
|
11/09/2023
|
3 Bed
|
2 Bath
|
1234 ft²
|
$539,900
3 Bed
2 Bath
1234 ft²
|
-
-
|
Ramon Sanchez
Concord Realty
| |
|
07/17/2023
|
3 Bed
|
2 Bath
|
1239 ft²
|
$599,999
3 Bed
2 Bath
1239 ft²
|
-
-
|
Sandra Monroy
BERKSHIRE HATH HM SVCS CA PROP
| |
|
04/01/2023
|
2 Bed
|
1 Bath
|
857 ft²
|
$495,000
2 Bed
1 Bath
857 ft²
|
-
-
|
Roger Hinkle
Naples Realty
| |
|
12/26/2022
|
2 Bed
|
2 Bath
|
994 ft²
|
$510,000
2 Bed
2 Bath
994 ft²
|
-
-
|
GABRIEL VALDEZ
OPENDOOR BROKERAGE INC.
| |
|
09/01/2021
|
2 Bed
|
2 Bath
|
994 ft²
|
$465,000
2 Bed
2 Bath
994 ft²
|
-
-
|
Gina Miranda
T.N.G. Real Estate Consultants
| |
|
06/17/2021
|
3 Bed
|
2 Bath
|
1234 ft²
|
$465,000
3 Bed
2 Bath
1234 ft²
|
-
-
|
Jonathan Minerick
Homecoin.com
| |
|
06/11/2021
|
3 Bed
|
2 Bath
|
1219 ft²
|
$499,990
3 Bed
2 Bath
1219 ft²
|
-
-
|
Karl Parize
Momentum Realty Group
| |
|
10/22/2020
|
2 Bed
|
2 Bath
|
994 ft²
|
$420,000
2 Bed
2 Bath
994 ft²
|
-
-
|
-
| |
|
10/19/2020
|
2 Bed
|
1 Bath
|
857 ft²
|
$399,900
2 Bed
1 Bath
857 ft²
|
-
-
|
-
| |
|
07/02/2020
|
2 Bed
|
1 Bath
|
857 ft²
|
$410,000
2 Bed
1 Bath
857 ft²
|
$400,000
-2.44%
09/09/2020
|
Armando Gonzalez
Century 21 Allstars
| |
|
05/07/2020
|
2 Bed
|
2 Bath
|
994 ft²
|
$399,000
2 Bed
2 Bath
994 ft²
|
-
-
|
-
| |
|
04/24/2020
|
2 Bed
|
2 Bath
|
994 ft²
|
$399,000
2 Bed
2 Bath
994 ft²
|
$400,000
+0.25%
06/26/2020
|
Robert Thomson
Toltec Realty
| |
|
04/12/2020
|
2 Bed
|
2 Bath
|
994 ft²
|
$375,000
2 Bed
2 Bath
994 ft²
|
-
-
|
-
| |
|
03/05/2020
|
2 Bed
|
2 Bath
|
994 ft²
|
$395,000
2 Bed
2 Bath
994 ft²
|
-
-
|
-
| |
|
10/17/2019
|
2 Bed
|
2 Bath
|
994 ft²
|
$410,000
2 Bed
2 Bath
994 ft²
|
$410,000
02/14/2020
|
DANA JENSEN
REALTY MASTERS & ASSOCIATES
| |
|
10/17/2019
|
2 Bed
|
2 Bath
|
994 ft²
|
$372,500
2 Bed
2 Bath
994 ft²
|
$372,500
12/04/2019
|
Wade Calmer
T.N.G. Real Estate Consultants
| |
|
08/29/2019
|
2 Bed
|
2 Bath
|
994 ft²
|
$369,000
2 Bed
2 Bath
994 ft²
|
$365,000
-1.08%
10/16/2019
|
Lori Desantis
T.N.G. Real Estate Consultants
| |
|
06/17/2019
|
3 Bed
|
2 Bath
|
1234 ft²
|
$410,000
3 Bed
2 Bath
1234 ft²
|
$425,000
+3.66%
09/09/2019
|
Nicohle Cash
Century 21 Cornerstone
| |
|
04/24/2019
|
2 Bed
|
1 Bath
|
990 ft²
|
$359,900
2 Bed
1 Bath
990 ft²
|
$359,900
05/29/2019
|
Gloria O'Brien
First Team Real Estate
| |
|
01/09/2019
|
2 Bed
|
2 Bath
|
994 ft²
|
$359,000
2 Bed
2 Bath
994 ft²
|
-
-
|
-
| |
|
11/12/2018
|
2 Bed
|
1 Bath
|
857 ft²
|
$325,000
2 Bed
1 Bath
857 ft²
|
-
-
|
-
| |
|
11/09/2018
|
2 Bed
|
2 Bath
|
994 ft²
|
$350,000
2 Bed
2 Bath
994 ft²
|
$345,000
-1.43%
01/09/2019
|
JILL PETERSON
RE/MAX MASTERS REALTY
| |
|
05/28/2018
|
2 Bed
|
1 Bath
|
857 ft²
|
$325,000
2 Bed
1 Bath
857 ft²
|
$335,000
+3.08%
07/31/2018
|
Susan McKaig
Susan McKaig, Broker
| |
|
04/13/2018
|
2 Bed
|
2 Bath
|
994 ft²
|
$350,000
2 Bed
2 Bath
994 ft²
|
$360,000
+2.86%
05/23/2018
|
Damien Melle
MODERN REAL ESTATE SHOP
| |
|
12/09/2017
|
2 Bed
|
2 Bath
|
994 ft²
|
$355,000
2 Bed
2 Bath
994 ft²
|
$340,000
-4.23%
02/01/2018
|
Patrick Shew
First Team Real Estate
| |
|
10/24/2017
|
2 Bed
|
2 Bath
|
994 ft²
|
$325,000
2 Bed
2 Bath
994 ft²
|
$340,000
+4.62%
12/12/2017
|
Frank Del Rio
eXp Realty of California Inc
|
Building Info
- 2 Units for Sale
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017