16 Driver Ln #363
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 |
|---|---|---|---|
| Jun 16, 2023 | Sold | ||
| Sold | |||
| May 17, 2023 | In contract | - | |
| In contract | |||
| Mar 25, 2023 | Listed by Kinlin Grover Compass | $519,000 | |
| Listed by Kinlin Grover Compass | |||
| | |||
|
Move in ready, beautifully maintained Nantucket style unit at Southport, Cape Cod's premiere 55+ active adult community. The skylit entryway leads to an open dining and living area with an abundance of natural light and a spacious kitchen with plenty of storage. The expansive deck overlooks a peaceful, private wooded view. The primary suite offers a private bath and walk in closet. A half bath for guests and separate laundry area are located just down the hall. On the second floor you will find the additional primary suite, a roomy loft area and a skylit bonus room perfect for a den or home office. The sizeable unfinished basement is ideal for storage. Start enjoying the Southport lifestyle and all of the amenities this community has to offer including a 9 hole golf course, tennis, bocce, pickleball, shuffleboard, indoor and outdoor pools, a fitness center, activities, events and much more.
| |||
| Oct 27, 2009 | Listed | $360,000 | |
| Listed | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
03/25/2023
|
2 Bed
|
3 Bath
|
1800 ft²
|
$530,000
2 Bed
3 Bath
1800 ft²
|
$530,000
06/16/2023
|
Monique Ward
Kinlin Grover Compass
| |
|
03/24/2023
| |
2 Bed
|
2.5 Bath
|
1800 ft²
|
$530,000
2 Bed
2.5 Bath
1800 ft²
|
$530,000
06/16/2023
|
Carli Taylor
Kinlin Grover Real Estate
|
|
10/27/2009
|
2 Bed
|
2 Bath
|
1800 ft²
|
$360,000
2 Bed
2 Bath
1800 ft²
|
-
-
|
Donna Marcou
Donna Marcou at Southport
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017