57 Calle Solano
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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 |
|---|---|---|---|
| Jan 27, 2025 | Sold | ||
| Sold | |||
| Jan 5, 2025 | In contract | - | |
| In contract | |||
| Nov 17, 2024 | Listed by Bennion Deville Homes | $789,000 | |
| Listed by Bennion Deville Homes | |||
| Oct 14, 2020 | Sold | ||
| Sold | |||
| Sep 16, 2020 | Listed by Desert Sotheby's International Realty | $458,900 | |
| Listed by Desert Sotheby's International Realty | |||
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A very light and open floor plan with vaulted ceilings for a feeling of spaciousness that will make you want to call this home. From the oversized driveway, an arched gate opens to a front courtyard and patios that wrap around the house. Interior features include a formal front entry and central atrium for natural light and fresh air in the center of the home. The living room is welcoming with a fireplace flanked by French doors for perfect desert interior/exterior living. A wet bar with copper sink adjoins the living area and and is strategically located in the open hall close to formal dining and kitchen. The updated kitchen has new refrigerator and range hood. The guest rooms are comfortably sized, one ensuite and one with adjacent hall bath. In the recent past, this home has been lovingly kept up to date by both this owner and the previous owner with an insulated roof installed on the entire structure, upgraded central heating unit with new intake grills, fresh paint in and out, restoration of the entire patio concrete area, and many other improvements. Casas de Seville is a well designed community with homes of Spanish influenced architecture in the heart of our Valley, approximately a 20 minute drive to Palm Springs Intl. Airport. Community pools, spas, tennis courts and greenbelts are found in this gated community of 72 free standing, single level homes. Some furnishings available outside escrow. Fee simple land!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017