16601 Spence Park Lane
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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 |
|---|---|---|---|
| Feb 24, 2023 | Sold | ||
| Sold | |||
| Dec 22, 2022 | Listed by Real | $569,900 | |
| Listed by Real | |||
| Sep 7, 2018 | No longer available | - | |
| No longer available | |||
| Aug 23, 2018 | Listed | $343,900 | |
| Listed | |||
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Located on large corner lot with extended covered patio and beautiful yard. Kitchen has generous space on the granite countertops, gas stove, under-mount sink, & stainless steel appliances. Open layout leads to breakfast area & living room with gas-log fireplace. Dining room with chair railing is a flexible space that could easily be used as a playroom or study. Private master suite has a walk-in closet, double sinks, a walk-in shower, & garden tub. Other 3 bedrooms feature walk-in closets. Second living space upstairs. Home features upgraded wood-like tile, ceiling fans, 2” faux wood blinds, banister with iron spindles, & crown molding. Community pool, fitness center, playgrounds, soccer field, & walking trail The manager has listed the unit size as 2704 square feet.
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About Artesia
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017