$2,980,000
●
House -
Off Market
661 Teresi Lane
Los Altos, CA 94024
4 Beds
2 Baths
1,589 Ft²
$3,703,431
RealtyHop Estimate
24.28%
Since Jun 1, 2020
CA-San Francisco
Primary Model
About This Property
Nestled in a cul-de-sac, this spacious 4 bedroom, 2 bath home is
situated in a quiet South Los Altos neighborhood. The ranch style
design offers approximately 1589 sq. ft. of living space on an
approximate 10,080 sq. ft. lot. Built in 1953, the home has been
lovingly maintained providing an opportunity for a buyer to move
right in or update as desired. Enjoy timeless appointments
throughout including hardwood flooring, spacious living room with
fireplace and large picture window and an abundance of natural
light. The rear yard offers mature trees for privacy and plenty of
opportunity for expansion. Excellent location to shopping, parks,
top-rated schools and easy commute access. This picture perfect
property is the ideal place to call home.
Unit Size
1,589 Ft²
Days on Market
5 days
Land Size
0.23 acres
Price per sqft
$1,875
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1953
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 9 months ago (MLSListings Inc. #ML81788401)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 5, 2020 | Sold | ||
| Sold | |||
| Apr 30, 2020 | Listed by Intero Real Estate Services | $2,980,000 | |
| Listed by Intero Real Estate Services | |||
Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
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Asking Price
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Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Central Los Altos
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Listed by: Suzanne O'Brien, Intero Real Estate Services
Last Updated: 9 months ago
Data Source: CRMLS, MLS# ML81788401
Last Updated: 9 months ago
Data Source: CRMLS, MLS# ML81788401
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