15 Flume Rd #4
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 |
|---|---|---|---|
| Aug 15, 2024 | Sold | ||
| Sold | |||
| Jul 29, 2024 | In contract | - | |
| In contract | |||
| May 9, 2024 | Listed by RE/MAX Beacon | $628,000 | |
| Listed by RE/MAX Beacon | |||
| | |||
|
Exhale and experience Magnolia's sweet salty air! Treat yourself to a seaside life in the tranquil village of Magnolia. Welcome to the best-kept secret location on Cape Ann! This charming hamlet offers various amenities such as a beach, a pier for swimming, an oceanfront promenade for strolling, restaurants, hair salons, a post office, and dog grooming. The spacious and well-lit condominium is in enviable move-in condition, featuring a beautiful white kitchen and two modern bathrooms that are only five years old. You can choose from two balconies to enjoy distant ocean views while sipping your sunrise coffee or sunset drinks. The gleaming hardwood floors and central air will add to your comfort and enjoyment in your home. The garage under is this condo's hidden treasure. This well-maintained condo offers the special opportunity to live in a beautiful seaside village you may have never heard of before - but will never want to leave.
| |||
| Apr 26, 2019 | Sold | ||
| Sold | |||
| Nov 8, 2018 | Listed by RE/MAX 360 | $398,000 | |
| Listed by RE/MAX 360 | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
10/28/2024
|
2 Bed
|
2 Bath
|
1329 ft²
|
$625,000
2 Bed
2 Bath
1329 ft²
|
$585,000
-6.40%
12/16/2024
|
Lori Lincoln
Keller Williams - Easton
| |
|
05/09/2024
|
2 Bed
|
2 Bath
|
1315 ft²
|
$628,000
2 Bed
2 Bath
1315 ft²
|
$595,000
-5.25%
08/15/2024
|
Nice to be Home Group
RE/MAX 360
| |
|
09/12/2022
|
2 Bed
|
1 Bath
|
1360 ft²
|
$579,000
2 Bed
1 Bath
1360 ft²
|
$650,000
+12.26%
11/02/2022
|
Linda Clayton
RE/MAX 360
| |
|
01/27/2021
|
2 Bed
|
2 Bath
|
1378 ft²
|
$499,000
2 Bed
2 Bath
1378 ft²
|
$505,000
+1.20%
03/16/2021
|
Lori Bassinger
Bay Colony Realty
| |
|
11/08/2018
|
2 Bed
|
2 Bath
|
1315 ft²
|
$398,000
2 Bed
2 Bath
1315 ft²
|
$398,000
04/26/2019
|
William Rochford
Sagan Harborside Sotheby's International Realty
| |
|
04/26/2018
|
2 Bed
|
2 Bath
|
1378 ft²
|
$429,900
2 Bed
2 Bath
1378 ft²
|
$420,000
-2.30%
07/16/2018
|
Nancy Winslow
Coldwell Banker Realty - Manchester
| |
|
04/10/2015
|
2 Bed
|
2 Bath
|
1639 ft²
|
$349,900
2 Bed
2 Bath
1639 ft²
|
$330,000
-5.69%
05/18/2015
|
Fred Newton
Sovereign Realty Advisors, LLC
| |
|
05/21/2014
|
2 Bed
|
2 Bath
|
1330 ft²
|
$309,000
2 Bed
2 Bath
1330 ft²
|
$300,000
-2.91%
10/01/2014
|
Hope Watt-Bucci
Coldwell Banker Realty - Manchester
| |
|
09/11/1998
|
2 Bed
|
2 Bath
|
1378 ft²
|
$179,900
2 Bed
2 Bath
1378 ft²
|
$175,000
-2.72%
01/26/1999
|
Mary Jane Sheedy
Coldwell Banker Realty - Gloucester
| |
|
01/04/1993
| |
Loft
|
2 Bath
|
-
|
$132,900
Loft
2 Bath
|
$131,900
-0.75%
05/06/1993
|
Robert Stallard
RE/MAX Advantage Real Estate
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017