128 Browns Beach 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%.
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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 18, 2024 | Sold | ||
| Sold | |||
| May 23, 2024 | In contract | - | |
| In contract | |||
| Apr 15, 2024 | Listed by RE/MAX Innovative Granite Group | $1,519,000 | |
| Listed by RE/MAX Innovative Granite Group | |||
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This waterfront property on Newfound Lake is a rare find, boasting a grassy lawn leading down to the water and unobstructed views. The property features pristine frontage with a sandy bottom, perfect for swimming, and a walk-out area to the lake. With 80ft of direct private waterfront, including a rebuilt retaining wall, a 40ft dock, mooring, and mooring plate for a swim raft, this property is ideal for water activities. Enjoy the shallow walk-in entry to the lake and boating on a Summer day. The view of Mayhew Island and the mountains is truly breathtaking, especially during perfect sunsets. The cottage includes 2 bedrooms, 1.5 baths, a large living room, and a full kitchen. The enclosed porch offers dining and sitting areas with a view, while the oversized deck provides a space to enjoy snacks and direct access to the lake. Updated systems such as a new electric panel, septic system, and mini-split heat/AC system make this property comfortable year-round. The current owner has obtained all necessary permits for rebuilding a new modern home, offering the option to renovate or build a dream home on the lake. Delayed showings begin on 4/20/24.
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| Oct 13, 2022 | Sold | ||
| Sold | |||
| Sep 11, 2022 | Listed by Granite Group Realty Services | $1,275,000 | |
| Listed by Granite Group Realty Services | |||
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Rare for Newfound Lake a waterfront property with a grassy lawn down to the water and unobstructed views! Welcome to the lake with 80ft of pristine frontage on a (sandy bottom) walk out area of the lake. Your new waterfront home has 80ft of rebuilt retaining wall, 40ft dock, moorings and a swim raft. This fantastic for swimming and boating and loving the lake life in all the seasons. The property offers a view of Mayhew Island and beyond for truly a fantastic view! Enjoy perfect sunsets from the lakeside of the property. The cottage has 2 bedrooms and 1.5 baths, a large living room and a full kitchen. The enclosed porch offers dining with a view and sitting areas under cover (extra room for an afternoon nap?). The oversized deck has a built in area to enjoy a snack with a view and a direct walk down to the grass area to the lake. Systems updated include new electric panel, new septic in 2022 and mini split system to extend your season. The yard is a perfect place to enjoy all the lake has to offer and is located at the end of the road for a perfect setting. Delayed showings start on Thursday 9/15/22 by appointment only.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017