Listed by: Carter Kaufman, Compass
$4,191,900
●
House -
Off Market
8 Madison
Newport Beach, CA 92660
4 Beds
4 Baths,
1
Half Bath
3,450 Ft²
$21,795
Est. Monthly
$435
HOA / Fees
2.02%
Cap Rate
About This Property
Situated behind the gates of the prestigious Bonita Canyon
community, this Spanish style home offers a blend of modern
sophistication and old-world traditional design elements. Featuring
four bedrooms, four bathrooms, a bonus room, and a loft, this
efficient floor plan offers its occupants plenty of room to spread
out. A double-dutch entry door leads into a formal living and
dining area with soaring ceilings and doors leading out to the rear
yard. The upgraded kitchen features contrasting island, marble
countertops and connects effortlessly to the family room and the
outdoor kitchen. Additional amenities include a large rear yard
with artificial putting green, refreshed landscaping and updated
bathrooms. This truly is an excellent home with an excellent floor
plan, ideally located on a quiet street just a short distance from
the HOA amenities including the pool, park, playground, restrooms
and tennis courts. 8 Madison is a home you wont want to miss.
Unit Size
3,450 Ft²
Days on Market
69 days
Land Size
0.17 acres
Price per sqft
$1,261
Property Type
House
Property Taxes
-
HOA Dues
$435
Year Built
1998
Payment Calculator
Home Price
Down Payment
%
Loan Term
Interest %
Your Estimated Monthly Payment
Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:
Cap Rate Calculator
Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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: 2 years ago (CRMLS #OC24206571)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 23, 2024 | Sold | ||
| Sold | |||
| Nov 16, 2024 | In contract | - | |
| In contract | |||
| Oct 4, 2024 | Listed by Compass | $4,350,000 | |
| Listed by Compass | |||
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
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Newport Beach
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Carter Kaufman, Compass
Last Updated: 2 years ago
Data Source: CRMLS, MLS# OC24206571
Last Updated: 2 years ago
Data Source: CRMLS, MLS# OC24206571
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017