586 Old Evans Road
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%.
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 |
|---|---|---|---|
| Jan 26, 2026 | Listed by Real Estate 38 | $1,599,000 | |
| Listed by Real Estate 38 | |||
| Jan 5, 2026 | Listed | $1,599,000 | |
| Listed | |||
| | |||
|
Hillside Sanctuary in the Milpitas Foothills! This turnkey single-story gem stands out with SOARING VAULTED CEILINGS and exposed beams in the living room, family room, and primary suite, creating a rare, open-concept volume unlike standard boxy ranch homes. The modern, light-filled kitchen features sleek quartz counters, a custom tile backsplash, and a sun-drenched greenhouse window. A rolling-shelf pantry and breakfast bar flow seamlessly into the family room, anchored by a cozy fireplace and sliding glass doors. SMART VALUE: Includes a FULLY PAID-OFF SOLAR SYSTEM (owned). Grandfathered into the highly desirable NEM 2.0 rate structure, this transferable asset offers higher export credits than new systems-immediate monthly savings you literally cannot install today. Step outside to a private hillside oasis. The custom deck frames serene hill views, while the lush yard produces blackberries, grapes, apples, and oranges. The primary suite is a true retreat featuring its own SOARING VAULTED CEILINGS, dual closets with custom organizers, and a chic en suite. Extras: A/C, Dual-Pane Windows, and a community pool/spa steps away. Located near Ed Levin Park and top-rated Milpitas schools.
| |||
| Dec 20, 2025 | Price Decreased |
$1,575,000
↓ $24K
(1.5%) | |
| Price Decreased | |||
| Dec 3, 2025 | Listed | $1,599,000 | |
| Listed | |||
| | |||
|
Hillside Sanctuary in the Milpitas Foothills! This turnkey single-story gem stands out with SOARING VAULTED CEILINGS and exposed beams in the living room, family room, and primary suite, creating a rare, open-concept volume unlike standard boxy ranch homes. The modern, light-filled kitchen features sleek quartz counters, a custom tile backsplash, and a sun-drenched greenhouse window. A rolling-shelf pantry and breakfast bar flow seamlessly into the family room, anchored by a cozy fireplace and sliding glass doors. SMART VALUE: Includes a FULLY PAID-OFF SOLAR SYSTEM (owned). Grandfathered into the highly desirable NEM 2.0 rate structure, this transferable asset offers higher export credits than new systems-immediate monthly savings you literally cannot install today. Step outside to a private hillside oasis. The custom deck frames serene hill views, while the lush yard produces blackberries, grapes, apples, and oranges. The primary suite is a true retreat featuring its own SOARING VAULTED CEILINGS, dual closets with custom organizers, and a chic en suite. Extras: A/C, Dual-Pane Windows, and a community pool/spa steps away. Located near Ed Levin Park and top-rated Milpitas schools.
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| Apr 20, 2021 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017