117 Main 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 |
|---|---|---|---|
| May 31, 2016 | Sold | ||
| Sold | |||
| May 25, 2015 | Listed by RE/MAX 360 | $658,500 | |
| Listed by RE/MAX 360 | |||
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Handsome colonial on north Main Street, convenient to Topsfield town center. Sited on 2 acres fronted with striking stone walls, the Gilbert Balch House was rebuilt in 1929 as a Colonial Revival home. This charming house features a large cathedral ceiling family room addition with exposed beams, a wood stove for cozy winter evenings, half bath, and French doors opening to a sunny back porch. The first floor has fir floors throughout a formal front entry with vestibule, fireplaced living room, wainscoted dining room with doors to the pavered side patio, and a spacious eat-in kitchen with granite counters, central island, and mahogany cabinets. A side entry mudroom offers first floor laundry. Upstairs, the second floor includes three bedrooms (one with double closets) and a full bath. The Master Bedroom with dark maple floors and walk-in closet, full tiled bath with clawfoot tub and shower, and an additional bedroom with large closet are on the third floor. Basement with workshop
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| Oct 24, 2014 | Sold | ||
| Sold | |||
| Jun 6, 2014 | Listed by J. Barrett & Company | $699,900 | |
| Listed by J. Barrett & Company | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017