119 Summit View Lane
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 |
|---|---|---|---|
| Mar 3, 2024 | No longer available | - | |
| No longer available | |||
| Mar 1, 2024 | Sold | ||
| Sold | |||
| Feb 7, 2024 | In contract | - | |
| In contract | |||
| Jan 6, 2024 | Listed by PalmerHouse Properteis | $699,900 | |
| Listed by PalmerHouse Properteis | |||
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Welcome to The Summit at Ellijay in the beautiful town of Ellijay GA. Nestled in the picturesque North Ga Mountains, this community offers a serene and tranquil environment for residents seeking a peaceful retreat. Situated on a spacious lot, this stunning house embodies the charm and elegance of mountain living. The exterior showcases a combination of natural stone accents, warm wood siding and cedar shingles blending harmoniously with the surrounding landscape. A well-manicured lawn and lush vegetation add to the curb appeal of this lovely home. As you step through the front door, you are greeted by an inviting foyer that leads to an open-concept living area. The interior boasts a seamless blend of rustic and contemporary elements, featuring vaulted ceilings, exposed wood beam and a natural wood accent wall with large windows that provide natural light to this space. The gourmet kitchen is a chef's delight, equipped with KitchenAid stainless steel appliances, huge porcelain farmhouse sink surrounded by white cabinetry and a spacious rustic island with more cabinets and quartz countertops throughout. Walk in pantry, two extra storage and two coat closets make for plenty of storage! Mudroom and spacious laundry room greet you from the garage. Master on the main. Wide staircase leads up to open loft for entertainment center or office. 3 over-sized bedrooms and 2 full baths. Linen closets and extra storage. Outdoor fireplace with mantal. Beautiful new construction - must see! The manager has listed the unit size as 2622 square feet.
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| Jun 5, 2023 | Listed | $699,900 | |
| Listed | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017