1601 Forum Circle #156
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 3, 2026 | Listed by Possum Kingdom Real Estate | $640,000 | |
| Listed by Possum Kingdom Real Estate | |||
| |||
|
Charming waterfront cabin perfectly positioned on a quiet cove of Possum Kingdom Lake. Enjoy lake life to the fullest with a spacious screened in porch, waterside patio, and cozy fire pit overlooking breathtaking sunsets. The property features a 55x20 foot climate controlled shop with two bedrooms and a full bathroom, offering comfortable guest accommodations or space to store all your lake toys. The main cabin provides a warm and inviting living space with classic PK character, while the covered Cantina creates the ultimate outdoor entertaining area for family and friends. This well maintained retreat includes a fenced yard and private dock with low maintenance Trex decking, all set in a quiet neighborhood on the popular peninsula. A rare find combining charm, comfort, and functionality right on the water.
| |||
| Jun 1, 2026 | No longer available | - | |
| No longer available | |||
| Apr 13, 2026 | Relisted | $640,000 | |
| Relisted | |||
| Apr 3, 2026 | In contract | - | |
| In contract | |||
| Mar 11, 2026 | Price Decreased |
$640,000
↓ $45K
(6.6%) | |
| Price Decreased | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
11/18/2025
|
4 Bed
|
3 Bath
|
3215 ft²
|
$685,000
4 Bed
3 Bath
3215 ft²
|
-
-
|
Keith Hanssen
Possum Kingdom Real Estate
| |
|
10/18/2025
|
3 Bed
|
3 Bath
|
2800 ft²
|
$1,250,000
3 Bed
3 Bath
2800 ft²
|
$1,187,000
-5.04%
05/04/2026
|
Jan Johanson
eXp Realty LLC
| |
|
09/04/2025
|
2 Bed
|
1 Bath
|
1554 ft²
|
$450,000
2 Bed
1 Bath
1554 ft²
|
$375,000
-16.67%
04/02/2026
|
Jan Johanson
eXp Realty LLC
| |
|
04/05/2021
|
3 Bed
|
-
|
2800 ft²
|
$685,000
3 Bed
-
2800 ft²
|
$735,000
+7.30%
05/13/2021
|
Jan Johanson
eXp Realty LLC
| |
|
08/30/2020
|
4 Bed
|
4 Bath
|
2669 ft²
|
$575,000
4 Bed
4 Bath
2669 ft²
|
-
-
|
-
| |
|
09/25/2020
|
3 Bed
|
-
|
1422 ft²
|
$165,000
3 Bed
-
1422 ft²
|
$155,000
-6.06%
01/21/2021
|
Jo Lynn Miller
Lake Homes Realty, LLC
| |
|
09/04/2020
|
2 Bed
|
-
|
2000 ft²
|
$499,000
2 Bed
-
2000 ft²
|
$499,000
10/02/2020
|
Jackie Fewell
Berkshire HathawayHS Pondera
| |
|
07/29/2017
| |
3 Bed
|
2 Bath
|
1422 ft²
|
-
3 Bed
2 Bath
1422 ft²
|
-
-
|
-
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017