16 Colburn Dr
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 |
|---|---|---|---|
| Dec 11, 2024 | Temporarily off market | - | |
| Temporarily off market | |||
| Nov 24, 2024 | Withdrawn | - | |
| Withdrawn | |||
| Nov 11, 2024 | Price Decreased |
$824,999
↓ $25K
(2.9%) | |
| Price Decreased | |||
| Nov 1, 2024 | No longer available | - | |
| No longer available | |||
| Aug 17, 2024 | Listed by Thumbprint Realty, LLC | $849,999 | |
| Listed by Thumbprint Realty, LLC | |||
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PRICE REDUCTION !! Sellers have found their new home and are extremely motivated. This stunning property on a tranquil 1.44-acre lot near Lake Massapoag offers modern updates and classic charm. Featuring 3 spacious bedrooms, 3.5 baths, and a versatile office/bedroom in the finished basement, with in-law potential measuring approx. 450 Sqft, this home is designed for comfortable living. Master bath features a bidet. The newer kitchen, equipped with top-of-the-line appliances, quartz counter-top, is ideal for culinary adventures. Enjoy year-round comfort with a brand-new HVAC system and peace of mind with a recently installed roof and solar panels. Outdoor living is a delight with a fabulous two-tiered deck, perfect for entertaining. Property includes a two-car garage, providing ample space for vehicles and storage. Nestled on quiet, tree-lined streets, this home offers a serene retreat with easy access to local amenities, top rated schools, and parks.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017