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1499 Pine Bluff Court
About This Property
The property already has a well and septic system in place, saving valuable time and development costs. Previously perked for a 4-bedroom home, this lot is ready for your vision. Enjoy the freedom of NO HOA restrictions while still being conveniently located near shopping, dining, top-rated schools, and major commuting routes.
The lower portion of the property remains wooded, and the lot backs to a creek that extends into a flood zone at the rear of the 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%.
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 |
|---|---|---|---|
| Sep 18, 2026 | Price Decreased |
$186,500
↓ $2K
(0.8%) | |
| Price Decreased | |||
| Jul 29, 2026 | Price Decreased |
$188,000
↓ $2K
(1.1%) | |
| Price Decreased | |||
| Jun 19, 2026 | Listed by NorthGroup Real Estate LLC | $190,000 | |
| Listed by NorthGroup Real Estate LLC | |||
| Nov 15, 2024 | Sold | ||
| Sold | |||
| Nov 1, 2024 | In contract | - | |
| In contract | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017