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12 Somerset Road
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 16, 2024 | Temporarily off market | - | |
| Temporarily off market | |||
| Jul 12, 2024 | Price Decreased |
$3,575,000
↓ $150K
(4%) | |
| Price Decreased | |||
| Jun 6, 2024 | Listed by MA Properties | $3,725,000 | |
| Listed by MA Properties | |||
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This meticulously maintained, New England inspired shingle style home has it all - comfortable sophistication, the perfect layout for entertaining, and a prime location on one of the most desirable streets in Merriam Hill within walking distance of schools, the town center, and bike path. A large foyer welcomes you to the formal living/dining rooms. The stunning, open concept kitchen is a chef’s dream with high end SS appliances, granite counters, a breakfast bar island, butler’s pantry and a huge informal dining area connecting seamlessly to the family room defined by its central fireplace. The backyard is a private fully fenced oasis with two large patio areas perfect for outdoor entertainment. Relax in the luxurious, private primary suite, offering two spacious walk-in closets, an office, and a spa-like bathroom. The finished lower level has a playroom/lounge area, a gym, a game room and full bathroom. Private teen/au pair suite with two bedrooms and full bathroom on the third level
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| Aug 29, 2008 | Sold | ||
| Sold | |||
| Mar 1, 2008 | Listed | $2,495,000 | |
| Listed | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017