4905 Olmos Street
About This Property
Olmos on over an acre of prime land bordering the golf course. Recently Renovated with exceptional detailing and luxury appointments, this home mesmerizes with character and the ''Old Valley'' charm every buyer wants. With its alluring courtyard entry, this home sets back from the golf course with its own tennis court, infinity edge pool , large cabana outdoor entertaining area and pond...allowing privacy and outdoor enjoyment. A curated interior offers spacious living areas including separate formals, family room, game room and home theater. The total kitchen remodel is a cook's dream with professional appliances and a separate butler's pantry. Master suite has its own side of the house with its Zen garden off the master bath, double walk in closet rooms, and home office. All guest rooms are spacious with in-suite baths, housekeepers quarters & large utility work room. Property is surrounded by a compound wall , extra off street, protected parking.
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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%.
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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 |
|---|---|---|---|
| Nov 9, 2023 | Sold | ||
| Sold | |||
| Aug 14, 2023 | Listed by Sandy Messer And Associates | $2,900,000 | |
| Listed by Sandy Messer And Associates | |||
| Feb 2, 2016 | Sold | ||
| Sold | |||
| Jul 24, 2014 | Listed by ERA Sellers & Buyers Real Esta | $1,950,000 | |
| Listed by ERA Sellers & Buyers Real Esta | |||
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1.17 Acre view lot on El Paso CC Golf Course. Custom designed residence with high-end finishes & elegant architectural details throughout including travertine counters, 5 fireplaces, tennis court, massive outdoor entertainment area, swimming pool, second serenity pool/water fall, gated front & side parking areas, 3 car attached garage with walk-in ski closet or workshop, spacious gym, 2 offices, impressive Master Suite & huge His & Hers closets.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017