698 Normandy Rd
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 |
|---|---|---|---|
| Sep 12, 2022 | Sold | ||
| Sold | |||
| Aug 3, 2022 | Listed by Compass | $2,499,000 | |
| Listed by Compass | |||
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An impeccably maintained coastal paradise minutes from the surf, sand and sea, this 5-bedroom, 5.5 bathroom, 3-car garage home stuns with an intuitive sun-kissed open floor plan, French oak wood floors, designer lighting, custom window treatments with sunscreen shades, dual-zone A/C, and a 14-panel, 4.34kw paid-off solar system. The main entrance is flanked by a light-filled formal living room with fireplace and a dining room whose double doors open to the front patio, setting the stage for your next indoor-outdoor soirée. Continue to the windowed seating nook and open kitchen, a gastronome’s dream with built-in wine fridge, GE Monogram appliances including a six-burner gas stove with griddle and double oven, and a massive center island with bar seating—equally suited for culinary exploration and informal family meals. Tucked behind, a sizable walk-in pantry with additional fridge ensures no convenience is overlooked, while the adjacent study nook can be repurposed on the fly as your needs evolve. Catch up on family time or your favorite TV shows in the cavernous great room which leads to a covered stone and brick patio where an outdoor kitchen invites year-round cookouts and alfresco cocktail hours. The serene patio is framed by a privacy fence and lush tropical garden with automatic drip system and easy-to-maintain verdant turf, where you can exercise your green thumb or just take it easy and lounge in the sun. With a dedicated entrance and easy access to a second front porch, the bright en suite bedroom is perfect for hosting guests. The lower level is completed by a powder room, 2-bay garage and an additional 1-bay garage with electric car charger. Pamper yourself in the spacious, chic primary suite with ample windowed closet outfitted with storage dividers, and a luxurious bathroom with dual vanities and a soaking tub for optimum relaxation. Also upstairs, a bonus room with wall length built-in shelving, an over-abundance of windows and a large pass-through, can be transformed into a library, office, yoga space or gaming area—possibilities abound. Two generous en suite bedrooms, an additional bathroom, laundry room, hallway with built-in storage cabinets and terraced bedroom complete the floor plan. Walk to nearby Olympus Park boasting more than 3 acres of playgrounds, a dog park, gazebo, botanical garden, zipline, basketball, pickleball, walking paths, and a pump track for bikes, skateboards and scooters. Just a short drive to area beaches, shops and restaurants lining historic downtown and nearby Leucadia, and the 5 freeway. The best of SoCal living awaits your arrival!
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| Oct 15, 2019 | Sold | ||
| Sold | |||
| Sep 10, 2019 | Listed by Compass | $1,695,000 | |
| Listed by Compass | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017