1 Ballard
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%.
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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 |
|---|---|---|---|
| Feb 26, 2026 | Sold | ||
| Sold | |||
| Feb 4, 2026 | In contract | - | |
| In contract | |||
| Jan 15, 2026 | Withdrawn | - | |
| Withdrawn | |||
| Dec 27, 2025 | Price Decreased |
$769,900
↓ $10K
(1.3%) | |
| Price Decreased | |||
| Dec 15, 2025 | Listed by LAER Realty Partners | $779,900 | |
| Listed by LAER Realty Partners | |||
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Welcome to 1 Ballard Lane! Enjoy a million-dollar neighborhood without the million-dollar price tag. This beautifully maintained 3-bedroom, 2.5-bath home is perfectly set on a .55-acre corner lot in a desirable cul-de-sac neighborhood surrounded by homes over $1M. The vaulted front-to-back living room features a cozy wood-burning fireplace, creating the perfect spot to gather and unwind. The main level also offers a eat in kitchen, separate dining room, spacious office and laundry. Step outside to a 12x20 composite deck overlooking the private yard—great for relaxing or hosting summer get-togethers. Upstairs, the primary suite offers a private bath, two walk-in closets and 2 more spacious bedrooms with a shared bath. Additional highlights include a 2-car garage, blown-in insulation, central a/c, public water, newer roof, tons of closets and a bright & cheery home with lots of natural light. Excellent commuter location near the MA border and close to all of Salem’s amenities!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017