1508 Lake 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%.
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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 |
|---|---|---|---|
| Jul 28, 2023 | Sold | ||
| Sold | |||
| Apr 14, 2023 | Listed by IPJ Real Estate | $2,450,000 | |
| Listed by IPJ Real Estate | |||
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Classic New England style home meets the shores of Lake Champlain. This impeccably appointed 4 bedroom home takes advantage of the lake and Adirondack views from almost every room. Stately kitchen offers Vermont marble countertops, stainless appliances and breakfast nook. Butler's pantry. Living/dining area has custom built in shelving, with french doors leading to an outdoor porch. Guest bedroom on the main floor offers supreme privacy with attached bath. Primary suite has large dressing room and ensuite bath with jetted soaking tub, tiled shower and views of the lake. Home office space has everything you need including fiber optic internet speed, custom built ins and lake views. Family room with gas fireplace, coffered ceilings, built ins and flat screen TV. Attached oversized heated two car garage plus heated garden shed. 7.2kW solar array supplies most of your electric needs, including your personal level 2 EV charger in the garage. Two additional barns, one great for additional storage and the other all set up for your small farmstead, chickens and goats are already all nestled into their home. Imagine fresh eggs everyday! Easy access to lake with 285 feet of private frontage, dock and boat lift. Fire patio lakeside overlooking the broad lake views and to the west of the Adirondack Mountains. This homestead is a great way to spend your days and to enjoy all the lovely seasons Vermont has to offer.
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| Nov 15, 2017 | Sold | ||
| Sold | |||
| Jul 30, 2017 | Listed | $1,599,000 | |
| Listed | |||
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Classic New England style award winning home meets the shores of Lake Champlain. This impeccably appointed 4 bedroom home takes advantage of the lake and Adirondack views from almost every room. Stately kitchen offers Vermont marble countertops, stainless appliances and breakfast nook. Butler's pantry. Living/dining area has custom built in shelving, that opens up to the outdoors. Guest bedroom on the main floors offer supreme privacy with attached bath. Master suite has large dressing room and ensuite master bath with jetted soaking tub and tiled shower and views of the lake Home office space has everything you need including fiber option internet speed, custom built ins and lake views. Family room with fireplace, coffered ceilings, built ins and flat screen with surround sound. Attached oversized heated two garage plus heated garden shed. Separate detached barn, great for storage. Easy access to lake frontage with private dock and boat lift. Fire patio lakeside. The manager has listed the unit size as 5176 square feet.
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| Jun 15, 2016 | Listed by IPJ Real Estate | $1,599,000 | |
| Listed by IPJ Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017