1603 TIMBER TRACE Drive
About This Property
Situated in a serene and quiet neighborhood, this area is rapidly growing with new restaurants and a Publix coming soon. Enjoy jogging on plentiful sidewalks and spending time in neighborhood parks.
The house features a wonderful floor plan, including a formal living room and dining room, perfect for entertaining. The spacious kitchen, complete with a working island, overlooks a large family room, making it the heart of the home. Volume ceilings throughout add to the open and airy feel. The split bedroom floor plan provides privacy, with a large master bedroom and a luxurious bath featuring a separate tub and shower. Upgraded flooring throughout enhances the home's appeal.
This home has been meticulously cared for and is ready for you to move in and make it your own. Don't miss out on this fantastic opportunity!
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Cap Rate Calculator
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 |
|---|---|---|---|
| Oct 3, 2024 | Sold | ||
| Sold | |||
| Aug 24, 2024 | In contract | - | |
| In contract | |||
| Aug 16, 2024 | Price Decreased |
$367,500
↓ $10K
(2.7%) | |
| Price Decreased | |||
| Jul 15, 2024 | Listed by ASSIST2SELL FULL SERVICE REALTY LLC. | $377,500 | |
| Listed by ASSIST2SELL FULL SERVICE REALTY LLC. | |||
| Jan 4, 2019 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017