16 Mead Terrace
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 |
|---|---|---|---|
| Feb 6, 2023 | Sold | ||
| Sold | |||
| Jan 10, 2023 | In contract | - | |
| In contract | |||
| Dec 14, 2022 | Listed by Distinctly New England | $299,900 | |
| Listed by Distinctly New England | |||
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Sitting high above Massachusetts Avenue and Mead Terrace, this lot is located just steps away from the shops and restaurants of West Acton's downtown village. Build your dream home on this picturesque lot that lies within Acton's Downtown Local Historical District. Minimal clearing is needed to create a beautiful oasis among the historic, well-established neighborhood dwellings.
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| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
| Mar 10, 2021 | In contract | - | |
| In contract | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017