575 Craig Road
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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%.
How much can I actually make?
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 |
|---|---|---|---|
| Mar 21, 2025 | Sold | ||
| Sold | |||
| Mar 20, 2025 | Listed by Compass | $5,500,000 | |
| Listed by Compass | |||
Property Highlights
Building Info
Overview
- Year Built: 1950
- Effective Year Built: 1950
- Building Count: 1
- Total Rooms: 9
- Bedroom Count: 4
- Bathroom Count: 3
- Full Bathrooms: 2
- Partial Bathrooms: 3
- Building Condition: 3
- Building Quality: 0
- Construction Type: 0
- Building Style: 0
- Exterior Walls Type: 0
- Interior Walls Type: 0
- Roof Shape Type: 0
- Roof Cover Type: 0
- Floor Count: 100
- Living Units: 1
- Floor Cover: 0
- Basement Type: 0
- Basement Area: 0
- Garage Type: 7
- Garage Square Area: 550
- Parking Space Count: 2
- Patio Type: 0
- Porch Type: 0
- Pool Type: 8
General
- Lot Size Square Feet: 23,250
- Lot Size Depth Feet: 1,550
- Lot Size Frontage Feet: 1,500
- Total Building Area: 2,850
- Gross Building Area: 2,850
- Building Area: 2,850
- Building Area Measurement: L
Dimensions
- Fireplace Count: 1
- Air Conditioning: 1
- Heating: 3
- Heated Square Feet: 2,850
- Heating Fuel Type: 0
Heating and Cooling
- Sewer System: 0
- Water Service: 0
Utilities
Building
- Building Type: 0
- Property Class: R
- Subdivision: CAROLANDS PARK MAP NO 2
- Land Acres: 0000000534
- Standard Land Use Code: 1001
- County Land Use Code: 01
- Legal Description 1: 150 FT X 155 FT NELY PTN OF LOT 2 CAROLANDS PARK MAP NO 2 RSM 31/7 8 TOWN OF HILLSBOROUGH
Neighborhood
- School District Name: San Mateo Union High School District
- Census Tract: 605600
Zoning
- Zoning: R10025
Geography
- Assessors Map Reference: 28-E5
- Parcel: 030-033-080
- Lot: 2
- Latitude: 37.5567
- Longitude: -122.372
- Full Address: 575 Craig Rd
- Address - House Number: 575
- Address - Street Name: Craig
- Address - Suffix Type: Rd
- State: CA
- City Name: Hillsborough
- Carrier Code: C048
- 4-Digit Zip Code: 6707
- Zip Code: 94010
Address
Valuation
- Tax Year: 2022
- Tax Amount: $2,271,842
- Tax Rate Code Area: 06-001
Tax
- Standard Deviation: 0.1898
- Valuation Date: Feb 14, 2024
- Confidence Score: 74
- Final Value: 3,906,622
- High Value: 4,648,288
- Low Value: 3,164,956
Appraisal Valuation
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Open Liens
- Assessed Year: 2022
- Assessed Total Value: $1,573,458
- Assessed Land Value: $565,333
- Assessed Improvements Value: $1,008,125
Assessments Valuation
- Homeowner Exemption: Yes
Exemptions
- Current Sale Contract Date: Mar 03, 2005
- Current Sale Recording Date: Mar 11, 2005
- Current Sale Price:
- Current Sale Document Type: 39
- Current Sale Input Document Number: 2005038467
- Previous Sale Recording Date: Jun 25, 1999
- Previous Sale Contract Date: Jun 17, 1999
- Previous Sale Amount: $1,415,000
- Previous Sale Document Type: 36
Sales
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Last Sale Mortgage
- First Mortgage Financing Type: ADJ
Financing
575 Craig Road
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Comparables
Status
Price/ft²
Listed On
Sold On
About Hillsborough
Stats & Trends
Median Asking:
$6,349,000Sale Price/ft²
$1,567Below Asking
0.02%Average Days on Market
47Average Home Size
5467 ft²Average Home Age
55.2 yearsCurrently For Sale
19 ListingsSimilar Homes for Sale
Currently no similar homes aroundNearby Rentals
Last Updated: 2 years ago
Data Source: CRMLS, MLS# ML81999086
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017