12232 The Gates Drive
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.
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 |
|---|---|---|---|
| Jun 19, 2024 | No longer available | - | |
| No longer available | |||
| May 13, 2024 | In contract | - | |
| In contract | |||
| May 12, 2024 | Price Decreased |
$1,200,000
↓ $25K
(2%) | |
| Price Decreased | |||
| Apr 25, 2024 | Listed by Pinnacle Group Realty | $1,225,000 | |
| Listed by Pinnacle Group Realty | |||
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Executive home on large, wooded lot located in highly sought after The Gates at Ethan's Glen subdivision. Minutes from I-540, Wake Forest and Durham. Home features new roof (2024) and new upstairs HVAC (2023). Updated kitchen w/ double oven, Bosch dishwasher, gas cooktop, pantry and breakfast area. Kitchen is open to two-story family room w/ floor to ceiling stone fireplace. First floor master suite features walk-in closet and stunning newly updated bath. Main level also offers half bath and guest room w/ full bath. Private screened porch and large deck overlook wooded backyard. Second floor features game room with pool table, 3 bedrooms with 2 full baths and a huge bonus/theater/flex room. Large walkup attic with storage. Three car garage w/ epoxy floors and 2 large custom built storage platforms. Home also includes Kinetico water treatment system, underground fence system for pets, and front and backyard sprinkler system. Access to community pool, clubhouse and playground is included in HOA dues. The manager has listed the unit size as 4360 square feet.
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| Sep 22, 2015 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017