1499 Sand 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%.
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 |
|---|---|---|---|
| Mar 17, 2025 | Sold | ||
| Sold | |||
| Jan 29, 2025 | In contract | - | |
| In contract | |||
| Jan 22, 2025 | Listed by Coldwell Banker Hickok and Boardman | $559,000 | |
| Listed by Coldwell Banker Hickok and Boardman | |||
| Dec 28, 2022 | Sold | ||
| Sold | |||
| Jul 15, 2022 | Listed by BHHS Vermont Realty Group/S Burlington | $545,000 | |
| Listed by BHHS Vermont Realty Group/S Burlington | |||
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Fantastic waterfront property on Otter Creek with access to Lake Champlain! This house has had extensive renovations and is move-in ready. Almost everything in the home is brand new from the flooring, kitchen, doors, lighting, appliances and boiler. This expansive ranch home features cathedral ceilings, radiant floor heating and an open kitchen/dining/living room concept. There is a fireplace that is ready for setup with a modern wood stove. You will love the beautiful renovations on the main floor and also the recently renovated downstairs area with walkout access to back yard and beautiful waterfront view. This house provides the opportunity to generate income by turning the downstairs into a rental, has a separate entrance, and is allowed by the town. The property has 240 feet of fantastic waterfront and lots of natural light. There is a new dock that would be great for a family boat. It has all the privacy you want but also is very close to town with all the amenities such as shopping and entertainment. It is only a short commute to Burlington with easy access to Rt 7. Showings begin on Sunday July 17, 2022.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017