719 LILAC Drive
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 |
|---|---|---|---|
| Nov 3, 2023 | No longer available | - | |
| No longer available | |||
| Sep 30, 2023 | In contract | - | |
| In contract | |||
| Jun 13, 2023 | Listed by Compass | $9,500,000 | |
| Listed by Compass | |||
| | |||
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Mediterranean-style estate boasting 5 bedroom and 5.5 bathrooms is tucked quietly off a private lane in Montecito captivating you with stunning ocean, Island, mountain views. This estate lives mostly as a spacious single-level residence consisting of a large primary suite, two additional bedrooms, a guest-suite with private entry, custom Kitchen with top-of-the-line appliances. The lower level of the property is fully equipped with an incredible pool, spa, gym, sauna and bocce ball surrounded by award winning gardens creating a perfect setting for every occasion.
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| Jun 30, 2020 | Sold | ||
| Sold | |||
| Jan 28, 2020 | Listed by Berkshire Hathaway HomeServices California | $5,595,000 | |
| Listed by Berkshire Hathaway HomeServices California | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017