0 Normanstone 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 |
|---|---|---|---|
| Aug 30, 2024 | Sold | ||
| Sold | |||
| Jul 20, 2024 | In contract | - | |
| In contract | |||
| Jul 13, 2024 | Relisted | $229,000 | |
| Relisted | |||
| Jul 3, 2024 | In contract | - | |
| In contract | |||
| Jul 1, 2024 | Listed by Coldwell Banker Realty - Manchester | $229,000 | |
| Listed by Coldwell Banker Realty - Manchester | |||
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THIS PARCEL TO BE SOLD 'AS IS' & Offers due Friday, July 19 by 11 am. Unique opportunity to purchase 2.3 acre secluded property on a cul de sac street in highly desirable South End of Rockport Ma. This coastal farmland parcel is centrally located at the end of Normanstone Dr (near Lanes Farm Way, Rockport Golf Club & Delamater Sanctuary & has been held by the same family for generations. In 1957 it was divided into 8 parcels with separate deeds & has remained the same since. NO PUBLIC SEWER NEARBY. Picturesque landscapes and groves of trees offers a serene & natural setting & local wildlife abounds! Municipal water & electric are located at Normanstone Dr. *** SELLERS MAKE NO REPRESENTATIONS ON BUILD POTENTIAL *** Buyers & buyers agents to do their due diligence. THIS PARCEL IS TO BE SOLD 'AS IS.'
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