1501 SPRUCE AVENUE
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 23, 2024 | In contract | - | |
| In contract | |||
| Jul 16, 2024 | Listed by EXP Realty, LLC | $299,900 | |
| Listed by EXP Realty, LLC | |||
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Thank you so much for your interest in 1501 Spruce Avenue! At this time, we are in receipt of multiple offers and are calling for HIGHEST AND BEST offers no later than Sunday, 7/21 at 7pm!! Welcome to your new adorable home at the end of a peaceful dead-end street! Nestled in a fantastic neighborhood within a top-rated school district, this adorable cottage offers both tranquility and convenience. This delightful residence features 3 cozy bedrooms , 1 full bathroom, a fantastic yard and is move-in ready! Huge plus is the bonus space on the second floor which would make a perfect office or nursery! In 2013, the home underwent a complete renovation down to the studs. Key updates in 2013 included a new roof, HVAC system, windows, water heater and flooring. Further enhancing the home's appeal, a new furnace was installed in 2020, along with beautiful new skylights that fill the space with natural light. The inviting front porch and new vinyl siding add to the home's curb appeal and charm. Don't miss the opportunity to make this meticulously updated home your own, combining classic charm with modern amenities in an unbeatable location!
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| Dec 20, 2013 | Sold | ||
| Sold | |||
| Jul 10, 2013 | Listed by BHHS Fox & Roach-Mullica Hill South | $144,900 | |
| Listed by BHHS Fox & Roach-Mullica Hill South | |||
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PRICED TO SELL, MOVE IN AND EXPANTION READY(due too oversized lot)! If you have been looking for a single family home with an amazing piece of property LOOK NO FURTHER! This adorable SINGLE FAMILY bungalow is waiting for you, but wont last long! Its a 3 bdrm bungalow nestled on an over sized very private lot at the end of Spruce, that butts up to preserved wooded area, minimal traffic and a open park across the street. Every thing has been updated, HVAC system/roof/windows/vinyl siding/hard wood floors, this home was refurbished from the studs out! As you enter you will be overcome by the natural lighting and open floor plan, the kitchen is adorable with eating island and laundry room off the kitchen. 2 spacious bdrms are at the back of the house, with full, updated bath on the 1st floor. The 2nd floor is home to a 16x16 loft area and a 2nd room now being used as an office, but the possibilities are endless(the loft area has been plumbed for bathroom)PRICED TOO SELL!!!!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017