9575 Montemar Drive
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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.
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 |
|---|---|---|---|
| Sep 10, 2024 | Sold | ||
| Sold | |||
| May 31, 2024 | Listed by Compass | $935,000 | |
| Listed by Compass | |||
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Welcome to the desirable community of Spring Valley, where this impeccably preserved, multi-generational home has been cherished and meticulously maintained by its owner for 59 years. The home is 3BR/2BA/1545sf + 1BR/1BA/601sf Casita, on a .53 acre lot. -If you’re looking for a peaceful sanctuary this property offers modern conveniences and a seamless blend of comfort & space. Featuring a chef’s kitchen opening to the Family Room w/raised hearth, custom gas burning fireplace. The Family Rooms leads to a large deck, perfect for entertaining w/wood burning firepit. The private Primary Bedroom is a retreat in itself, with en-suite Bath, 2 closets & West facing balcony. Additionally, there are 2 additional bedrooms, ensuring ample space for everyone. -The floor plan has been expanded to include a 1BR/1BA Casita w/a private entrance, offering flexibility & multi-generational living options. The home also offers owned Solar for energy efficiency. -Situated on a fully fenced & gated, flat .53 acre lot w/RV parking + 30 AMP service. There is a small Cottage that can serve as a craft room, office or workout room or endless other opportunities. -Located near the 175 acre Dictionary Hill County Preserve, schools, shopping, restaurants, Freeways & all the attractions San Diego has to offer. Don't miss the opportunity to make this remarkable property your own and experience the tranquility and versatility of 9575 Montemar Drive.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017