1083 State Hwy #16
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 |
|---|---|---|---|
| Aug 2, 2024 | Sold | ||
| Sold | |||
| Jun 7, 2024 | Listed by StartPoint Realty | $360,000 | |
| Listed by StartPoint Realty | |||
| | |||
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Grab your piece of the Cape with this stylish cottage with wide pine floors and cathedral ceilings. It has an extra sleeping room, a sunroom with room to relax, a new large deck, an outdoor shower, a garden space, and shared storage space for bikes, surfing boards, and more. This cottage comes turn-key with window air conditioners, furniture, decor, beds, a barbeque, a table for entertaining outdoors, Adirondack chairs, dishes, silverware, a microwave, pots, pans, and more. This unit has a private garden space in the front and a ton of extra outdoor space for entertaining and privacy.Cottage is open from April 1 - end of November. Pets are allowed for owners. The current owner used it mainly for personal use.The association is well-run, and the fees are low. It's a great, tight-knit community.The cottage is just north of Orleans Rotary. It's less than 5 miles from Nauset Beach, 2.6 miles to Boat Meadow Landing, and 3.3 miles to First Encounter Beach.
| |||
| Jan 29, 2021 | Sold | ||
| Sold | |||
| Nov 6, 2020 | Listed by William Raveis Real Estate & Homes Services | $210,000 | |
| Listed by William Raveis Real Estate & Homes Services | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
06/07/2024
|
2 Bed
|
1 Bath
|
552 ft²
|
$360,000
2 Bed
1 Bath
552 ft²
|
$355,000
-1.39%
08/02/2024
|
Joan Lenane
Coldwell Banker Pat Shultz Real Estate
| |
|
11/06/2020
|
2 Bed
|
1 Bath
|
552 ft²
|
$210,000
2 Bed
1 Bath
552 ft²
|
$215,000
+2.38%
01/29/2021
|
Jeffrey Clonts
William Raveis Real Estate & Homes Services
| |
|
11/05/2020
| |
2 Bed
|
1 Bath
|
552 ft²
|
$210,000
2 Bed
1 Bath
552 ft²
|
$215,000
+2.38%
01/29/2021
|
The Cape House Team
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017