11 Sherman Ave
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 |
|---|---|---|---|
| Nov 14, 2024 | Sold | ||
| Sold | |||
| Oct 5, 2024 | In contract | - | |
| In contract | |||
| Sep 26, 2024 | Listed by Coldwell Banker Realty - Marblehead | $695,000 | |
| Listed by Coldwell Banker Realty - Marblehead | |||
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OFFER ACCEPTED. OH CANCELLED. Amazing opportunity to get into Nahant! This 3 bedroom home is nestled in this seaside town, close to beaches and the school. The open floor plan includes a very large kitchen, formal dining and living room, with double sets of bay windows. Details include classic molding, french doors, hardwood floors, a backlit built-in china cabinet and a high end Italian pellet stove. Upstairs, there are 3 generous sized bedrooms, (one needs drywall) an office space and a full bath. The walk up attic space is unfinished but has ample room, large windows and plenty of height - a true potential additional suite. The very large yard, over 8000 sq ft, extends from Sherman Ave to Maple Ave, has 2 car parking but could be used in so many ways including extra parking, entertaining etc. Full basement so lots of room for storage. Nahant is an easy commute to Boston and has low taxes. Nahant life is waiting!
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| Jun 25, 2001 | Sold | ||
| Sold | |||
| Apr 12, 2001 | Listed by Coldwell Banker Realty - Marblehead | $319,000 | |
| Listed by Coldwell Banker Realty - Marblehead | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017