120 Top Ridge
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%.
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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 |
|---|---|---|---|
| Jun 30, 2023 | Sold | ||
| Sold | |||
| Feb 14, 2023 | Listed by Casella Real Estate | $34,900 | |
| Listed by Casella Real Estate | |||
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Mendon, VT - A+ low-maintenance housing site (exclusive-use area) within Top Ridge at Mendon (non-age restricted condominium development). This westward-facing site within minutes to Pico/Killington/Rutland is an ideal "forever(final)" location. Neighboring properties (5) range in size from approximately 1800 - 2400 sqft and are valued near to $400k - 500k. This MOST-AFFORDABLE land offering is being offered raw (needing engineering), BUT does come with its perks: connect easily to underground electricity, community well, and community septic! Annual taxes and costs to hold are only $240/yr. Mendon offers "school-choice," Top Ridge at Mendon restricts housing plans to 2 "bedrooms," yet...note that existing homes are atypical in that they are larger homes. Top Ridge at Mendon does levy a quarterly HOA once your site is sufficiently-improved (near to completion) of only $600/QTR. HOA covers: grounds maintenance/snow removal, insurance, management, common grounds, etc. Request info and prepare for your next chapter...Seller to credit buyer $2500 for "engineering" for any contract that closes before 7/31/23. Seller financing also available at $3,000 down 6% interest for a 3 year term.
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| May 12, 2022 | Sold | ||
| Sold | |||
| Mar 13, 2022 | Listed by Watson Realty & Associates | $19,000 | |
| Listed by Watson Realty & Associates | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017