1505 Montclair Place
About This Property
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
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 |
|---|---|---|---|
| Jun 12, 2024 | Sold | ||
| Sold | |||
| Apr 12, 2024 | Listed by The Charles Reinhart Company | $795,000 | |
| Listed by The Charles Reinhart Company | |||
| | |||
|
Marvelous 2 story home in desirable Burns Park set on a beautifully landscaped lot with a quiet location. Great street presence with warm front entry and sitting area. This special home exudes original charm & character throughout and is loaded with a multitude of tasteful updates. Foyer opens into a warm living room with center fireplace. Hardwood floors throughout the main floor complement the nice flow & well-planned layout. Main floor study with French doors & multitude of windows. Central dining room has built-in white cabinets for extra cabinet storage. Attractive kitchen has been renovated with white cabinets, quartz countertops, and stainless steel appliances, including new induction range/double oven. Cozy renovated family room with new wood floors and cabinets, 2 walls of windows and door to new Trex deck and backyard with fence. Cute powder room completes the main floor. Second floor features 3 cheery bedrooms & updated classic black & white tile bath with separate commode area. Walk-up attic space for storage and future finish space. Newly finished basement with egress window has wonderful areas for multiple uses, including rec/playroom or 4th bedroom, updated full bath, study/exercise area & nicely finished storage room. Perfect fenced backyard offers plenty of area for relaxing around a firepit & playing for kids, new Trex deck with lighting & redesigned landscaping areas to enjoy. 1 car attached garage plus double wide driveway for additional parking. Fantastic location in easy walking distance to coffee shops and restaurants, Michigan football games, U of M campus, Burns Park and playgrounds. This delightful home is a treasure and ready for its next owner to enjoy!
| |||
| Jul 29, 2016 | Sold | ||
| Sold | |||
| Dec 5, 2014 | Sold | ||
| Sold | |||
| Oct 10, 2014 | Listed by The Charles Reinhart Company | $435,000 | |
| Listed by The Charles Reinhart Company | |||
Property Highlights
Building Info
Comparables
Status
Price/ft²
Listed On
Sold On
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017