7 Viola Road
About This Property
The updated kitchen, with high-end appliances and granite countertops, flows into the family room with abundant natural light, a second fireplace and sliders to the two-tier deck and access to the yard. Upstairs, you'll find four bedrooms, including a spacious master suite with a spa-like bathroom and a Juliet balcony overlooking the lush backyard, complete with an inground salt-water pool (new liner 8/23) and storage shed.
Additional features include a spacious lower level with full bathroom that is currently used as a home office and could easily be transformed into a multi-generational living space, a tranquil outdoor patio, and the added safety of a fully fenced yard (in addition to the fenced in pool). Situated in Montebello's Viola section, this residence combines peaceful living with convenient access to schools, parks, shopping centers, and transportation routes.
Seven Viola Road is a harmonious blend of refined elegance and modern comfort, offering an exclusive and luxurious lifestyle where you can enjoy the magnificence of every season. Additional Information: Amenities:Pedestal Sink,Soaking Tub,Stall Shower,Storage,
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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 |
|---|---|---|---|
| Feb 1, 2024 | Sold | ||
| Sold | |||
| Nov 5, 2023 | Temporarily off market | - | |
| Temporarily off market | |||
| Nov 5, 2023 | Relisted | $869,000 | |
| Relisted | |||
| Nov 2, 2023 | In contract | - | |
| In contract | |||
| Oct 25, 2023 | Price Decreased |
$869,000
↓ $70K
(7.5%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017