12 Spencer 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 |
|---|---|---|---|
| May 7, 2024 | Sold | ||
| Sold | |||
| Feb 8, 2024 | Listed by KW Coastal and Lakes & Mountains Realty/Hanover | $1,285,000 | |
| Listed by KW Coastal and Lakes & Mountains Realty/Hanover | |||
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New Price! A very special opportunity for Hanover buyers seeking a spacious 5 br+ 4 ba home within one mile of town! Hiking trails are located a 100’ away. In 2013 the entire 2nd floor was added and the home was thoroughly updated. Great covered porch. Bathrooms updated in 2018. Beautiful hardwood floors on the first and second floors. Central AC on the first floor and four mini splits on the 2nd floor. Spacious open concept living and kitchen with a cozy gas fireplace. Pantry closet with lots of shelving. Separate dining area and a large mudroom off of the one car garage with great built in storage. 1st fl bedroom with ensuite. Another 1st fl room has nice built in shelving and serves as a spacious office or den. A great option for overflow beyond the 5 bedrooms! Four bedrooms upstairs including the grand primary bedroom. Four piece ensuite bath, large open walk in closet and a bonus room that works as a sitting room or a gym. Three other generous bedrooms and a large common bathroom. Laundry room on the 2nd floor. The lower level has over 600 sf of finished space. The two large rooms are currently set up as a media room and game room. Large unfinished area for storage or choose to create even more finished space! Open House Saturday, Feb 24 from 101 am-1 pm. Do not miss this opportunity to own a large, updated home near downtown Hanover! See the virtual tour to walk through this home in the unbranded tour link.
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| Sep 7, 2021 | Sold | ||
| Sold | |||
| Jun 24, 2021 | Listed by Coldwell Banker LIFESTYLES - Hanover | $998,500 | |
| Listed by Coldwell Banker LIFESTYLES - Hanover | |||
| May 15, 2018 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017