53 Sutton Place E
About This Property
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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.
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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 |
|---|---|---|---|
| Jun 10, 2021 | Sold | ||
| Sold | |||
| Apr 30, 2021 | Listed by Compass | $699,000 | |
| Listed by Compass | |||
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Looking for a Palm Desert pool home with a casita? Look no further! Located in the gated community of Belmonte Estates, this light & bright home has a fantastic layout w/ separation of the primary bedroom & guest bedrooms. Indoor living is anchored by a bright kitchen and family room w/ beautiful fireplace, which overlooks the salt pebble tec pool & spa. Kitchen offers center island with a drop down counter to sit and enjoy breakfast, slab granite countertops & stainless steel appliances. Large dining and living room offers high ceilings & provides space for entertaining. Master suite enjoys direct pool/spa access, a spacious master bath w/ separate bath & shower, dual sinks, built-in-drawers, and roomy walk-in closet. 3 add'l bedrooms and a 2 full bath are on the opposite side of the home, in addition to laundry room, a bonus room which is used as an office and direct garage access. Other features of this home includes Plantation shutters throughout, ceiling fans in all the bedrooms, new carpet & baseboards, & new pool equipment. There is a Guest Casita in the courtyard with its own entrance, very private and perfect for your family and friends. The cherry on top is the OWNED SOLAR! No high utility bills here! LOW HOA's of $155 per month. This home will not last long.
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| Aug 10, 2020 | Sold | ||
| Sold | |||
| Mar 18, 2020 | Listed by Real Estate Associates of The Desert | $599,000 | |
| Listed by Real Estate Associates of The Desert | |||
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Highly Upgraded 5 bedroom (including Guest Casita), 4 bath home in the gated community of Belmonte Estates!! This great home offers a very Spacious Living Room and Gorgeous Kitchen/Family Room Combo! The Kitchen features a Custom Center Island with a drop down counter to sit and enjoy breakfast, lunch, dinner or anytime meals!! Slab Granite Counter Tops! Stainless Steel Appliances! The Family Room has a Fireplace with a Stunning Granite Surround and Built In Media Niche! Beautiful Master Suite with Ensuite Bath, Dual Sinks,Walk In Closet and Built in Drawers! Luxurious Jetted Tub and Separate Stall Shower!! Great separation from the other 3 bedrooms. Central Vacuum too!! Very private Backyard with Sparkling Pool and Spa, You will love the step down Barbeque Area and Elevated Sitting Area to enjoy the South Mountain Views!! Side yard access with concrete pad! There is a Guest Casita in the courtyard with its own entrance! Best of all this home has OWNED SOLAR!!! NO high utility bills here!! LOW HOA's of $127.00 per month!! This home is a WNNER!!! Be sure to put this one on your A+++ List!!
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| Aug 25, 2015 | Sold | ||
| Sold | |||
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About Palm Desert
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017