851 Spring Creek Way
About This Property
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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.
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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 |
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| Jun 20, 2025 | Sold | ||
| Sold | |||
| May 22, 2025 | In contract | - | |
| In contract | |||
| May 7, 2025 | Listed by Home & Ranch Sotheby's Intl | $1,595,000 | |
| Listed by Home & Ranch Sotheby's Intl | |||
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Located in the heart of Templeton wine country, this beautifully updated 10.23± acre estate offers the perfect blend of elegance, functionality, and country living. The 2,817± sq. ft. home features 3 spacious bedrooms and 2.5 bathrooms, thoughtfully redesigned with comfort and style in mind.
Recent renovations include new flooring throughout, new paint, and complete remodels of the full bathroom and powder room. The kitchen was fully transformed with quartz countertops, custom wall tile, a farmhouse sink, and new cabinetry—while preserving the original double oven and cooktop, which remain in excellent condition. Raised ceilings in the kitchen and dining area create a spacious feel, while raised and squared archways and entryways enhance the open concept. Can lighting was installed throughout the home, and the two fireplaces were redone with new stone and mantels, offering a fresh yet timeless look. Additional upgrades include new carpet in the bedrooms, custom Roman blinds throughout the home (excluding bathrooms), and stunning custom tile work on the staircase. Comfort and efficiency are ensured with a brand-new air conditioning unit and a newly installed well. Outdoors, the property boasts a 2-acre Petite Verdot vineyard plus additional Cabernet and Zinfandel vines, all set against the backdrop of sweeping views and usable land. A covered patio and charming gazebo offer ideal spaces for entertaining or relaxing, and the horse barn has been upgraded with power, lighting, and a 50-amp RV hookup—making it ready for equestrian use or flexible utility. A two-car garage, fenced pastures, a workshop, and a location within the desirable Templeton Unified School District complete this unique offering. Whether you're looking for a full-time residence or a Central Coast retreat, this property embodies the best of rural sophistication.
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| Sep 15, 2020 | Sold | ||
| Sold | |||
| Jun 25, 2020 | Listed by RE/MAX Parkside Real Estate | $979,000 | |
| Listed by RE/MAX Parkside Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017