118 MIDVALE ROAD
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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%.
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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 |
|---|---|---|---|
| May 21, 2022 | No longer available | - | |
| No longer available | |||
| May 19, 2022 | Sold | ||
| Sold | |||
| Apr 14, 2022 | In contract | - | |
| In contract | |||
| Mar 28, 2022 | Listed by KELLER WILLIAMS METROPOLITAN | $800,000 | |
| Listed by KELLER WILLIAMS METROPOLITAN | |||
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Rare value in the center of a desirable lake community in prestigious Mtn Lakes which was ranked #2 for best places to live in NJ*. Located just steps from a playground, soccer field, wooded trails & walking to the Midvale boat dock/Lake access! Right up the street are 2 great restaurants, Mtn Lakes Plaza & NJ Transit train station. Sun-Filled, Smartly designed custom home w/unique architectural features & open layout. Walk into the Great Room which boasts knotty pine paneling, cathedral ceiling, stunning river stone fireplace & dazzling crystal chandeliers. Continue down the hallway & pass the sweet dining/breakfast area & screened in porch. The sunny living room is warmed by many windows & skylights amidst vaulted ceilings. Opens to the dining area & functional, updated kitchen. In addition to all that, the 1st floor offers 2 bdrms including a lovely master w/ample closet space & updated bath. Upstairs, another 2 bdrms & full bath. BONUS entertaining in full, finished bsmt. Large rec room, an office or 5th bdrm & the 3rd full bath! Tons of additional storage space in the unfinished portion along with the 2.5 car garage. Great outdoor space. Large deck & yard. Tremendous curb appeal! Enjoy all the amenities lake life has to offer; beaches, boating, fishing, swimming, etc. Not to mention all the Community events & activities for all ages. For example, the Welcome Party the town throws every year for NEW residents! Easy access to major highways. AWARD WINNING SCHOOLS! The manager has listed the unit size as 2902 square feet.
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About Mountain Lakes
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017