16 Michael Drive #16
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 |
|---|---|---|---|
| Sep 5, 2019 | Sold | ||
| Sold | |||
| May 7, 2019 | Listed by Ideal Real Estate Services, Inc. | $194,000 | |
| Listed by Ideal Real Estate Services, Inc. | |||
| Jul 23, 2014 | Sold | ||
| Sold | |||
| Mar 19, 2014 | Listed by Ideal Real Estate Services, Inc. | $174,900 | |
| Listed by Ideal Real Estate Services, Inc. | |||
| | |||
|
Fabulous Mill Pond Estates spacious & bright end unit townhouse shows like new! Downsize without sacrifice – fully applianced kitchen w/breakfast bar, 1st floor master bedroom w/full bath & walk-in closet, 1/2 bath w/laundry, family room. Upstairs another full bath w/tub and 2 more bedrooms w/walk-in closets. Gleaming hardwood floors, ceramic tile, natural gas heat, central A/C, central vac, ceiling fans w/lights, huge closets, basement w/storage room, oversize garage w/opener has add’l storage area, mud room w/closet. Sunny level patio perfect for cookouts. Exterior maintenance, lawn mowing & snow shoveling included. Country setting bordered w/towering pines, great location near schools and minutes to MA Pike.
| |||
| Mar 2, 2007 | Sold | ||
| Sold | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
05/07/2019
|
3 Bed
|
3 Bath
|
1272 ft²
|
$194,000
3 Bed
3 Bath
1272 ft²
|
$185,000
-4.64%
09/05/2019
|
Christine Ferris
Ideal Real Estate Services, Inc.
| |
|
03/19/2014
|
3 Bed
|
3 Bath
|
1448 ft²
|
$174,900
3 Bed
3 Bath
1448 ft²
|
$170,000
-2.80%
07/23/2014
|
Joy Langley
Realty Executives Boston West
| |
|
10/14/2005
|
3 Bed
|
3 Bath
|
1448 ft²
|
$192,977
3 Bed
3 Bath
1448 ft²
|
$182,400
-5.48%
03/02/2007
|
Kim Landry
Keller Williams - Pioneer Valley
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017