1083 State Highway #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%.
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 2, 2024 | Sold | ||
| Sold | |||
| Jun 7, 2024 | Listed by StartPoint Realty | $360,000 | |
| Listed by StartPoint Realty | |||
| 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 | |||
| | |||
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HAPPY PLACE. The timing could not be better for this perfect little summer cottage to come available. Away from the chaos and complications of the world, modestly priced, and aesthetically serene... what's the catch? No catch. It's that perfect. You've driven by Pine Tree Condominiums every time you made your way to the National Seashore or Provincetown, so you know it's in a great spot not far past the Orleans rotary and all its conveniences, but deep enough into Eastham to get you close to multiple beach options and the peace that the outer Cape brings. Of all the cottages at Pine Tree this one has some of the most recent updates, a bit of extra square footage, and possibly the most generous outdoor space to enjoy. To boot, the association is well run and financially healthy. Don't blink or you'll miss this unicorn of a property!
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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