621 Island View Drive
About This Property
The dramatic entry is accented by a Dutch door and the foyer opens to the graciously appointed living room. The kitchen is designed to perfection, with an island allowing seating for six. White Caesar Stone counters, solid walnut cabinetry, Thermador appliances, a pantry, and built-in wine fridge make this kitchen ideal. The kitchen opens to the back yard, offering an extended entertaining space. Graced with romantic string lights and manicured foliage, the outdoor space is tranquil and inviting.
The master retreat is a true sanctuary, with soaring ceilings, walk-in closet, and access to the outdoors. The master bath features dual sinks, a soaking tub and separate glass enclosed shower. The high-quality finishes include Caesar Stone, solid walnut, and Hans Grohe/Philip Stark faucets.
Legally a 4 bedroom, it is currently utilized as 3 bedrooms and a den/music room. The upgraded full guest bathroom is near the secondary bedrooms and living space.
This home offers Seal Beach living at its finest. Walking distance to the beach and quaint Main Street, and close to award-winning McGaugh Elementary School, this is the perfect family home!
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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 |
|---|---|---|---|
| Apr 20, 2018 | Sold | ||
| Sold | |||
| Feb 28, 2018 | Listed by Jennifer Rohdenburg, Broker | $1,375,000 | |
| Listed by Jennifer Rohdenburg, Broker | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017