51
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12245 Landrum Way
About This Property
This Cambridge model home is situated on a LAKEFRONT, PIE SHAPED LOT with almost 2,200 sq. feet of living space with DIRECT LAKE VIEWS. The home boasts volume ceilings, 18'' tile on the diagonal throughout the entire home, a spacious living room, great room, a formal dining room, an oversized primary bedroom suite with a sitting area and 2 spacious bedrooms (3rd bedroom shows as a den/office). The chef's eat-in kitchen has 42'' wood cabinets, large pantry, granite countertops, newer SS appliances and full tiled backsplash. The home has a split floor plan with the primary bedroom on one side and the guest bedrooms on the other. In the morning while enjoying your coffee you can watch the wild life from the . screen enclosed patio. AC unit replaced in 2022, WH 2023. The association offers internet, 220+ TV channels, X-1 boxes, much more all included. Avalon Estates has so much to do! Fabulous amenities, unique resort style pool, well equipped fitness center, tennis and pickleball and so much more. Clubhouse has live performance shows, card rooms, art studio and Social Director. You can walk to Publix shopping center with restaurants, Dunkin, ice cream all located adjacent to the resident's gate.
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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 |
|---|---|---|---|
| Aug 20, 2025 | Sold | ||
| Sold | |||
| Jul 21, 2025 | In contract | - | |
| In contract | |||
| Jul 13, 2025 | Relisted | $474,900 | |
| Relisted | |||
| May 28, 2025 | In contract | - | |
| In contract | |||
| May 20, 2025 | Price Decreased |
$474,900
↓ $65K
(12%) | |
| Price Decreased | |||
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About Avalon Estates
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017