Lot 11 Hill St.
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 |
|---|---|---|---|
| Oct 4, 2023 | Sold | ||
| Sold | |||
| Dec 2, 2022 | In contract | - | |
| In contract | |||
| Nov 22, 2022 | Listed by RE/MAX On the River, Inc. | $575,000 | |
| Listed by RE/MAX On the River, Inc. | |||
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Unique find. One of two Form A lots available; each one approx. two acres. Perc tests completed in July 2022. No Builder tie in. Plot Plans attached. Showing Appointment required. Located near Meredith Farm, and just 25 minutes from Boston, the airport, and only a short drive to North Shore beaches. Topsfield's most desirable location.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017