53898 Avenida Velasco
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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 |
|---|---|---|---|
| Sep 25, 2024 | Sold | ||
| Sold | |||
| Aug 19, 2024 | In contract | - | |
| In contract | |||
| Jun 17, 2024 | Listed by Keller Williams Luxury Homes | $999,000 | |
| Listed by Keller Williams Luxury Homes | |||
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WOW! Modern hacienda meets California cool! Motor up the circular drive and enjoy this FABULOUS private setting atop a double-lot in La Quinta Cove's most desirable pocket. Beautifully curated outdoor lighting works its MAGIC at night. Private South facing pool + mountain views score big! Outdoor conversation areas frame the stunning pebble-finished kidney shaped pool. Built-in barbecue with fridge + wet bar. LOVING the big focus on outdoor living. Formal living and picture-perfect dining take center stage inside and the mood is set. There's a more casual "sunken" media room as well. Rustic wood beams play beautifully with vaulted ceilings and Spanish tile underfoot. The gorgeous stone fireplace with built-in cabinets circa 1959 is a delight. Open concept kitchen with modern finishes and breakfast bar + view. There's a nice mix of traditional cabinets and modern open shelving. More beamed and vaulted ceilings here as well. Bedrooms and bathrooms enjoy a nice separation with an Ensuite Primary opening to an outdoor sitting area with mountain views. Bathroom design and finishes are Dwell Magazine worthy. Guest Bedroom #2 is positioned off the main hall and here again we find an exceptional bath in terms of finishes and size. Guest Bedroom #3 is currently configured with a cool bunkbed configuration! A solid list of upgrades in recent years is another plus including newer windows, electrical improvements, tankless water heater, and hardscape + landscape additions. Laundry located in the 2-car garage plus there's guest parking along the circular drive. The best of Old Town La Quinta is a short hop away and The Cove's popular hiking trials are a fun option. Enjoy it all!
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| Mar 24, 2022 | No longer available | - | |
| No longer available | |||
| Feb 15, 2022 | In contract | - | |
| In contract | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017