71 Spring 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 |
|---|---|---|---|
| Jun 19, 2025 | In contract | - | |
| In contract | |||
| May 28, 2025 | Price Decreased |
$1,145,000
↓ $50K
(4.2%) | |
| Price Decreased | |||
| May 1, 2025 | Listed | $1,195,000 | |
| Listed | |||
| | |||
|
Welcome to your dream home in beautiful Royal Oaks! Nestled perfectly between Monterey and Santa Cruz, this spacious and charming property offers sweeping golf course views of the Pajaro Valley Golf Club and breathtaking sunsets that can be enjoyed from your cozy back patio, the private balcony off the upstairs primary suite, or the shared balcony connecting the additional two bedrooms in the main home. Ideal for outdoor enthusiasts, the property features a lovingly maintained garden, a fully fenced backyard with a chicken coop, and a delightful pond with a small waterfall that creates a peaceful, country-style ambiance. You'll also enjoy the bounty of a 19-fruit-tree orchard and several convenient storage sheds. Additional highlights include brand-new carpeting upstairs, solar power, a spring water storage tank, and RV electrical hookups offering both comfort and sustainability. This is more than just a home; it's a lifestyle. Don't miss your chance to fall in love with everything this unique Royal Oaks property has to offer!
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| Feb 19, 2021 | Sold | ||
| Sold | |||
| Aug 3, 2020 | Listed by Monterey Coast Realty | $999,900 | |
| Listed by Monterey Coast Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017