11 Aspen Road
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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.
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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 |
|---|---|---|---|
| Jul 8, 2024 | Sold | ||
| Sold | |||
| Mar 25, 2024 | In contract | - | |
| In contract | |||
| Mar 13, 2024 | Listed by Douglas Elliman Real Estate | $420,000 | |
| Listed by Douglas Elliman Real Estate | |||
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Welcome to 11 Aspen Road, Mastic Beach! This historic house is not only a charming residence but also a significant part of Mastic Beach's rich history. It has been part of the family for decades and is now on the market for the first time in years. Mastic Beach is a beautiful community located on the south shore of Long Island, New York. It has a fascinating history that dates back to the early 17th century when it was inhabited by Native American tribes. The area was later settled by European colonists in the 18th century, and it quickly became a thriving farming and fishing community. As for 11 Aspen Road, this house has its own unique story to tell. Built in the late 19th century, it stands as a testament to the architectural style of that era. The house is a classic ranch, featuring a distinctive gabled roof, three bedrooms, 1 full bathroom, and a half bathroom in the primary bedroom. When you enter 11 Aspen Road using the private driveway in the back of the house, you are welcomed by a newly renovated deck with two separate entrances. The first entrance brings you to the eat-in kitchen with a gas stove top and a custom-built and designed gas grill. The layout is open as you leave the kitchen and enter the formal dining room, living room with a bay window, and on the east side of the house, you will find three bedrooms and a pantry closet. The guest bedroom has built-in shelves for extra storage and organization. 11 Aspen has a primary bedroom connected to a half bathroom. The basement covers the whole interior layout of the house and houses the washer and dryer, leaving plenty of room if you want to build out a laundry room with a folding table. Additionally, there is a custom-designed workshop table in the basement. On the first floor on the west side of the house, there is a sunken floor and fireplace that also contains a separate entrance. It makes for a great entertaining space or as a guest bedroom suite for overnight guests. The spacious rooms offer plenty of natural light, creating a warm and inviting atmosphere. Throughout the years, 11 Aspen Road has witnessed the transformation of Mastic Beach. It has been a witness to the growth and development of the community, from its early days as a small fishing village to its current status as a beloved seaside town. The backyard of 11 Aspen Road is a tranquil oasis, perfect for relaxing or entertaining guests. Surrounded by lush greenery and mature trees, it provides a private retreat where you can enjoy the beauty of nature. Living in 11 Aspen Road allows you to be a part of Mastic Beach's vibrant community. You'll have easy access to the stunning beaches, marinas, and parks that make this area so special. Additionally, the nearby historic sites, such as the William Floyd Estate and the Mastic Beach Village Hall, offer a glimpse into the area's past. Don't miss the opportunity to own a piece of Mastic Beach's history at 11 Aspen Road. This house is not just a home; it's a connection to a bygone era and a testament to the enduring spirit of this charming coastal community.
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| Mar 16, 2021 | Sold | ||
| Sold | |||
| Apr 22, 2003 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017