16 Bailey
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 2, 2024 | Sold | ||
| Sold | |||
| May 23, 2024 | Listed by J. Barrett & Company | $1,125,000 | |
| Listed by J. Barrett & Company | |||
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Amazing opportunity to own an incredible waterfront home on the Danvers River with direct water access! Meticulously maintained 3 bedroom, 2 full bath colonial with wrap around deck and unobstructed water views, which overlook Kernwood CC golf course and the widest part of the river. The interior boasts an eat-in kitchen that has been tastefully updated, formal DR, LR with gas stove and double doors leading to the back deck with amazing views of the water. Upstairs you will find a master suite with panoramic views and 2 additional bedrooms. Finished lower-level FR, with laundry room and lots of storage. Heating, electrical and roof have all been updated & 2 sheds added for additional storage. Good size front yard that abuts Bailey Beach and private patio on the side of the home with beautiful gardens. This is truly a special home, lot and location! Come watch the boats pass by while having your morning coffee or launch your kayak from the backyard! This is a true gem!
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| Jan 14, 2002 | Sold | ||
| Sold | |||
| Sep 18, 2001 | Listed by J. Barrett & Company | $499,900 | |
| Listed by J. Barrett & Company | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017