1505 S Pine ST
About This Property
Upon arrival, you'll be captivated by the curb appeal of this home. Inside, you'll love the abundant natural light and gorgeous picture windows. With 4 full bedrooms and 2.5 baths, this home offers more space than most historic homes in the area. It's move-in ready, with all the necessary upgrades completed. Upgrades include vinyl plank flooring, upgraded tile baths, shaker style cabinets, and quartz counters,All HVAC, electrical and plumbing are new and current to today standards. among others.
The kitchen is not only spacious but also well-designed for both entertaining and meal preparation. The home also features a large laundry room with added storage and built-in drying racks, along with ample natural lighting. The primary bedroom is large enough for a king sized bed and the natural lighting from the side light windows and French doors give this such an inviting appeal. There is a private sitting area right outside the primary suite to enjoy waking up and sitting outside on the private patio. The primary bath boasts a dual vanity and a walk-in shower with a seating area.
Outside, there's an outbuilding with an additional 276 sq. ft. per appraiser, featuring vinyl plank flooring and a mini-split system. The backyard is beautifully landscaped and perfect for entertaining, with a back deck, patio, and firepit. Don't let this opportunity pass you by – seize the chance to live in downtown Georgetown, with all the shops, restaurants, and entertainment just steps away!
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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 |
|---|---|---|---|
| Jun 20, 2024 | In contract | - | |
| In contract | |||
| Jun 16, 2024 | Listed by All City Real Estate Ltd. Co | $699,900 | |
| Listed by All City Real Estate Ltd. Co | |||
| Feb 2, 2022 | No longer available | - | |
| No longer available | |||
| Jan 14, 2022 | Price Decreased |
$687,900
↓ $27K
(3.8%) | |
| Price Decreased | |||
| Jan 11, 2022 | Price Increased |
$715,000
↑ $16K
(2.2%) | |
| Price Increased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017