1280 Duck Road #LOT49
About This Property
The manager has listed the unit size as 2720 square feet.
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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 |
|---|---|---|---|
| Jan 9, 2024 | No longer available | - | |
| No longer available | |||
| Nov 18, 2023 | No longer available | - | |
| No longer available | |||
| Oct 3, 2023 | Price Increased |
$52,500
↑ $14K
(36.4%) | |
| Price Increased | |||
| Oct 3, 2023 | Listed | $38,500 | |
| Listed | |||
| | |||
|
Welcome to the COLMAN - Share #1. SEMI-SOUNDFRONT WITH WATER VIEWS! SHIPS WATCH is an Oceanfront to Sound front resort community in the heart of Duck. Fractional ownership at Ships Watch is a wonderful way for your family to experience a lifetime of vacationing in the Outer Banks at a fraction of the cost of whole home ownership. Ships Watch fractional owners purchase 10% ownership of the home and get 5 weeks of use each year. Ownership is deeded and goes beyond your lifetime. Weeks shift annually and calendars for the next few years are available. Homes are completely furnished down to beach chairs and an umbrella. The year-round on-site staff takes care of all maintenance and housekeeping. Community amenities include private beach access, pool and hot tub, tennis courts, playground, Sound front pier, boat ramp, weekly poolside picnics and planned summer activities for all ages. This particular home is located close to a 2nd community dock that is rarely used so it feels very private. Town of Duck is walking distance and offers great water-sport activities, restaurants, shopping and so much more! The manager has listed the unit size as 2720 square feet.
| |||
| Jun 6, 2023 | Price Decreased |
$55,000
↓ $5K
(8.3%) | |
| Price Decreased | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
10/03/2023
|
Loft
|
4.5 Bath
|
2720 ft²
|
$38,500
Loft
4.5 Bath
2720 ft²
|
-
-
|
Leslie Gilmore
Great Escapes Realty
| |
|
11/17/2022
|
Loft
|
4.5 Bath
|
2720 ft²
|
$65,000
Loft
4.5 Bath
2720 ft²
|
-
-
|
Leslie Gilmore
Great Escapes Realty
| |
|
09/24/2019
|
4 Bed
|
5 Bath
|
2720 ft²
|
$14,999
4 Bed
5 Bath
2720 ft²
|
-
-
|
-
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017