0 Salem St Lot 2 Plan 3gray Rd
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 |
|---|---|---|---|
| Dec 22, 2020 | Sold | ||
| Sold | |||
| Oct 12, 2020 | Listed by Coldwell Banker Realty - Andover | $400,000 | |
| Listed by Coldwell Banker Realty - Andover | |||
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Beautfiul 1+ acre buildable lot. Approval for division of property just about complete. Large level area then gently sloping down to the South. With hundreds of acres of conservation across the streets, easy access to Rt 125 and in an area with $1 million plus homes, this is an ideal location for a construction project. This is part of the property currently listed as 3 Gray Rd, originally the Holt District schoolhouse. The new 1 +/- acre lot to the South of the schoolhouse has frontage on Salem St of about 200’- no wetlands per plan attached. Plans in process for septic system–installation not included although town may allow use of current leach field. Preservation Restriction applies. May need flexibility on closing date. Contingent upon final documents dividing property.
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| Oct 18, 2006 | Sold | ||
| Sold | |||
| Feb 10, 2006 | Listed | $225,000 | |
| Listed | |||
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Build your new home now! Great wooded lot, next to many upscale homes. Call now this just might be the place for you.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017