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. | |||
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End unit condominium offering a 1st floor master bedroom, w/ HW floors, walk in closet and full en suite. Laundry and additional 1/2 bath down the hall also on 1st floor. Bright and sunny... enjoy morning coffee on the patio or in your lovely kitchen, sitting at the breakfast bar. HW floors gleam in the spacious living room complete with built in TV console. Upstairs, there are 2 bedrooms w/ walk in closets and a full bath. Downsizing, but can't part w/ certain items? The framed/insulated basement, an oversized garage, & multiple closets provide extraordinary storage space. You will also enjoy recessed lighting, beautiful ceiling fans, the pretty palladium window, efficient gas heat, central air, central vac, security sys and the all perks of an association! Mill Pond Estates is a small 21 unit community who enjoy the beauty of the flowering tree lined street, the extensive plantings and the park like cul de sac area. Call today for a private showing. Motivated seller.
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| Jul 23, 2014 | Sold | ||
| Sold | |||
| Mar 19, 2014 | Listed by Ideal Real Estate Services, Inc. | $174,900 | |
| Listed by Ideal Real Estate Services, Inc. | |||
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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.
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| 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