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58 Highland Road
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.
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 |
|---|---|---|---|
| Apr 12, 2024 | Sold | ||
| Sold | |||
| Mar 20, 2024 | Listed by Coldwell Banker Realty | $1,799,000 | |
| Listed by Coldwell Banker Realty | |||
| | |||
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Stunning view location on a coveted private cul-de-sac at the back of the development. This pie-shaped 3/4 acre lot has been well-utilized and features multiple garden areas, a serene pool/spa, two outbuildings, and a gated RV pad with electricity, large enough for a 38' motorhome. This unique location in West Simi Valley is a perfect blend of executive living in a country environment overlooking a seasonal reservoir with hill and mountain views, privacy, and seclusion. Reimagined for the most discriminating buyer, the magnificent views of the foothills from this elegant Highland Estates home are just the beginning. The covered front portico leads to a double-door entry with both a privacy transom window and clerestory window. Once inside, soaring ceilings and light fill the living and dining rooms with windows that bring in the light and landscape. The kitchen was recently updated and features beautifully finished raised-panel cabinets, slab granite counters, and a Euro-tile backsplash. Included in this update are a full complement of newer stainless appliances to please any home chef. An adjacent breakfast room overlooks the serene pool, garden, and views. Open to the kitchen is the family room which features a built-in media center with component and media storage, and wired surround sound. Upstairs, the serene primary bedroom suite takes full advantage of the stunning views with a private balcony and plentiful windows. A charming barn door leads to the spa-like bath with an oversized tiled shower, Jacuzzi free-standing soaking tub, separate vanity areas with dove grey cabinets and slab counters, including a separate vanity. There are two separate walk-in closets and a private water closet. Two secondary bedrooms are located upstairs with a shared hall bath. Two additional secondary bedrooms are downstairs, perfect for guests or separate office/hobby rooms. The large game room upstairs includes a billiard table, billiard light fixture, and storage. With a total of five bedrooms, this home has tremendous flexibility. The backyard takes full advantage of the views with privacy fencing and multiple areas for relaxation and recreation. The freeform pool/spa is the focal point with a stacked stone spillover from the spa into the dark-finished pool. The large side yard is perfect for a future home garden with two large fig trees. Several seating areas create a wonderful setting for entertaining, including the large shaded covered patio. The RV pad is large enough for a 38' motorhome and includes dedicated electricity. On either end of the RV parking are two 10' x 10' sheds, one with a window a/c unit and insulation. This home is turn-key with remodeled kitchen and bathrooms, new heating and air-conditioning system including a whole-house fan, Halo whole-house water filtration, new carpeting and refinished wood flooring, new soft and neutral interior paint, new windows, and completely updated and reimagined front and back yards. Unique to homes in upscale neighborhoods, this home has no HOA and is close to the 101, 23, and 118 freeways, making this a convenient commuter location.
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| Mar 28, 2018 | Sold | ||
| Sold | |||
| Jan 26, 2018 | Listed by Century 21 Troop Real Estate | $1,279,000 | |
| Listed by Century 21 Troop Real Estate | |||
Property Highlights
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About Simi Valley
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017