531 Springbrook N #7
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 |
|---|---|---|---|
| Oct 5, 2018 | No longer available | - | |
| No longer available | |||
| Oct 2, 2018 | Sold | ||
| Sold | |||
| Aug 21, 2018 | Listed | $688,000 | |
| Listed | |||
| | |||
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Updated 3 bedroom, 2.5 bath, end unit home with 2 car garage is “inside the loop” near the lake in Woodbridge. The spacious kitchen features granite countertops, gas range, recessed lighting, new ceramic tile flooring and a Milgard sliding glass door that leads out to the peaceful and very private enclosed patio. The living room has a gorgeous updated fireplace with a stacked stone surround, custom mantel, wood flooring and a bay window. The roomy master bedroom suite boasts a vaulted ceiling and ample closet space with mirrored doors. Two secondary bedrooms are generously sized and also upgraded with mirrored closet doors. There is a desirable upstairs laundry closet for full sized washer and dryer. Fantastic Woodbridge resort-style amenities include 2 lakes with sand beach lagoons, boating & fishing, 20 pools, 20+ tennis courts, basketball, volleyball, playgrounds, parks, fitness course, and a multitude of family-friendly activities. Excellent schools all in easy walking distance. Local elementary school has Montesori program. No Mello Roos and low HOAs. One of the lowest priced 3-Bdr, 2-car garage homes in all of Irvine. Call agent Cathy Haney at 714-404-1450 for a private tour. The manager has listed the unit size as 1411 square feet.
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| Aug 1, 2018 | Listed by First Team Real Estate | $688,000 | |
| Listed by First Team Real Estate | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
08/01/2018
|
3 Bed
|
2 Bath
|
1411 ft²
|
$688,000
3 Bed
2 Bath
1411 ft²
|
$670,000
-2.62%
10/02/2018
|
Cathy Haney
First Team Real Estate
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017