97 Taormina Lane
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 |
|---|---|---|---|
| Feb 13, 2024 | No longer available | - | |
| No longer available | |||
| Sep 23, 2023 | Price Decreased |
$1,175,000
↓ $75K
(6%) | |
| Price Decreased | |||
| Sep 2, 2023 | Listed by Keller Williams Realty West Ventura County | $1,250,000 | |
| Listed by Keller Williams Realty West Ventura County | |||
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Lower your payments with the Seller paid 'Buy-Down' of your interest rate! This darling Taormina cottage has the whole package!With mountain views and an enviable location just minutes to the Nature Preserve and the conveniences of town, this charmer with all newer windows boasts a remodeled interior where the open-flow floor plan connects the updated granite kitchen with the comfy living room and adjoins a separate 200 sq ft bonus room. Step out from the primary bedroom onto a shaded private patio. Both bedrooms enjoy direct access to the tiled bathroom. The updated electrical and plumbing with tankless water heater provides great peace of mind..... but it's once you step outside where the real magic begins! Beautiful stone walls terrace the hillside, where lemon & orange trees cascade, casting a touch of Provencal aroma and essence to both the sunny and shaded patios. Privacy is uniquely ensured from the street by a bright gorgeous row of mature lemon trees that will make both you and the neighbors smile! The landscape and family orchard with multiple fruit bearing trees is auto irrigated. Don't miss the opportunity to experience this super special Taormina offering. You'll appreciate all the work that's been done to transform it into the sanctuary that it is, AND recognize it's value!It offers all the warmth, conveniences and the inviting lifestyle that you've been dreaming of.... And now, you really can have it all.!! The manager has listed the unit size as 1102 square feet.
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| Apr 13, 2015 | Sold | ||
| Sold | |||
| Oct 13, 2014 | Listed by Comfort Real Estate Services, Inc. | $469,000 | |
| Listed by Comfort Real Estate Services, Inc. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017