51833 Avenida Cortez
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%.
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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 |
|---|---|---|---|
| Mar 20, 2024 | No longer available | - | |
| No longer available | |||
| Feb 7, 2024 | In contract | - | |
| In contract | |||
| Feb 2, 2024 | Listed by Keller Williams Beach Cities | $745,000 | |
| Listed by Keller Williams Beach Cities | |||
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Welcome to Paradise! Rare 4 bedroom remodeled home with stunning mountain views and a brand new saltwater pool and spa. This home combines contemporary luxury with breathtaking natural surroundings. The open-concept living spaces are flooded with natural light, creating an inviting and spacious ambiance. Large kitchen has updated kitchen cabinets, new stainless steel appliances and generous storage. The bedrooms and bathrooms have updated wallpaper and fixtures along with a seperate oversized laundry area. The outdoor areas have been completely transformed with new landscaping and lighting in the front, sides and backyard that offer an unparalleled living experience. Perfect for entertaining or relaxing by the beautiful pool and spa surrounded by spectacular mountains. Adding a unique touch there is a vegetable garden on the side area outside the kitchen. Whether you envision as your primary residence or vacation retreat, this property strikes a perfect balance between style, comfort and serenity.
Additional updates include: New gates, wall fencing, concrete, premium mexican pebble. Landscape with new valves, irrigation, drains, low voltage lighting and new fixtures. Window tint and motorized shades in all windows. Smart systems all app based with landscape lights, sprinklers. Smart home features include iAquaLink: manage pool and spa from app (heat,chill,jets etc). Ring doorbell, Lorex 5 camera system, Rachio: manage all low voltage landscape lights from app. Nest, Honeycomb shades (open/close from app or remote). Lockly: manage front gate via app. (unlock/lock remotely, set up one time access codes, etc) The manager has listed the unit size as 1710 square feet.
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| Nov 9, 2022 | Sold | ||
| Sold | |||
| Aug 10, 2022 | Listed by Redfin Corporation | $474,900 | |
| Listed by Redfin Corporation | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017