581 Spring Road #57
About This Property
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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 |
|---|---|---|---|
| Jun 8, 2021 | Sold | ||
| Sold | |||
| Apr 28, 2021 | Listed by Engel & Voelkers, Westlake Village | $365,000 | |
| Listed by Engel & Voelkers, Westlake Village | |||
| Oct 5, 2016 | Sold | ||
| Sold | |||
| Aug 13, 2016 | Listed by Sunset Coast Realty | $299,000 | |
| Listed by Sunset Coast Realty | |||
| |||
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Single story town home in best location of complex near both garages and the reserved parking spot. This 3 bedroom and 2 full bath home is over 1,030 sq.ft. and has the layout and feel of a single family home to include a front yard common area to work your garden talents. A few of the upgrades include new dual pane vinyl windows, granite in kitchen and all baths, wood-like flooring, new light fixtures, ceiling fans and lush tropical landscaping in front of house. Complete with Patio and resting area where you can sit and enjoy the sunlight and maple trees in the courtyard.
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Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
04/28/2021
|
3 Bed
|
2 Bath
|
1038 ft²
|
$365,000
3 Bed
2 Bath
1038 ft²
|
$380,000
+4.11%
06/08/2021
|
Karlee Thompson
Engel & Voelkers, Westlake Village
| |
|
04/28/2021
| |
3 Bed
|
2 Bath
|
1038 ft²
|
$365,000
3 Bed
2 Bath
1038 ft²
|
-
-
|
Karlee Thompson
Engel & Voelkers, Westlake Village
|
|
08/22/2019
|
3 Bed
|
2 Bath
|
1270 ft²
|
$345,000
3 Bed
2 Bath
1270 ft²
|
$345,000
10/17/2019
|
Maria Amarillas-DeGilli...
Keller Williams R. E. Services
| |
|
10/27/2018
|
3 Bed
|
2 Bath
|
1038 ft²
|
$310,000
3 Bed
2 Bath
1038 ft²
|
$305,000
-1.61%
04/15/2019
|
Kari Diamond
RE/MAX ONE
| |
|
04/23/2018
|
3 Bed
|
2 Bath
|
1038 ft²
|
-
3 Bed
2 Bath
1038 ft²
|
-
-
|
-
| |
|
08/13/2016
|
3 Bed
|
2 Bath
|
1038 ft²
|
$299,000
3 Bed
2 Bath
1038 ft²
|
$285,700
-4.45%
10/05/2016
|
Damian Lindo
Sunset Coast Realty
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017