53640 Avenida Cortez
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 6, 2024 | No longer available | - | |
| No longer available | |||
| Apr 5, 2024 | Price Decreased |
$699,000
↓ $36K
(4.9%) | |
| Price Decreased | |||
| Mar 28, 2024 | Price Decreased |
$735,000
↓ $40K
(5.2%) | |
| Price Decreased | |||
| Jan 19, 2024 | Listed by Redfin Corporation | $774,900 | |
| Listed by Redfin Corporation | |||
| | |||
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PRICE IMPROVEMENT and motivated seller means a buyer's dream home! Pristine Santa Fe home with desirable location high in La Quinta Cove 1 block from the hiking trailhead. Indoor/Outdoor living at its best with two separate outdoor spaces. Enter the arched gate to a charming private courtyard with sparkling pool and elevated spa, salt water, pebble tec. Kick back and enjoy winter or summer as the pool includes a heater and a rare pool Chiller. The mountain views on display feel close enough to touch. Step inside this almost 2000 sf home and enter the light-filled living room with a focal point fireplace and French doors to throw wide open to the courtyard. Beyond the living room is the great room, an expansive space with high ceilings, open kitchen, dining area, another set of French doors to the back patio and a large walk behind wet bar! Every direction you look features beautiful views and a generous open feel. New appliances in the well-appointed kitchen carry full mfr warranty. The large kitchen island has breakfast bar seating and there is also a generous pantry. The primary bedroom is roomy, with French doors to the backyard patio, walk-in closet, and private en suite. The two guest bedrooms share a Jack-n-Jill bath. La Quinta Cove is well known as a desirable wonderland of authentic charm ringed with mountains, nearby Old Town with restaurants, shops, and close to area attractions like Coachella festival, BNP Tennis, Golf. The manager has listed the unit size as 1925 square feet.
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| Apr 30, 2021 | Sold | ||
| Sold | |||
Property Highlights
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Listed On
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About Santa Carmelita at Vale La Quinta
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017