16631 Gaeldom Lane
About This Property
The house has been completely remodeled. The remodel included:
- All new electrical, breaker box, breakers, and 50% of the wiring.
- All new low E windows throughout the home.
- Kitchen has been completely updated with new soft and self-closing doors, drawers, and appliances.
- Roof was replaced in 2017, has been repaired, damaged vents replaced, and now has a five-year warranty.
- Every door throughout the interior of the house is new.
- Ceiling and walls painted throughout.
- Double vanity added to the primary bathroom.
- Floor-to-ceiling ceramic tile in bathrooms.
- New garage door and opener
- New gutters
The owner is finalizing the landscaping, outdoor kitchen, paint touch-up, and other small items this coming week. This house will be move-in ready and perfect for a small to medium-sized family or for an investor rental.
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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 |
|---|---|---|---|
| Oct 21, 2022 | Sold | ||
| Sold | |||
| Aug 25, 2022 | Listed by Kimberly Beggs | $229,000 | |
| Listed by Kimberly Beggs | |||
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An open house is scheduled for Saturday, Sept 3rd from 9 am to 3 pm. There will be a lockbox on the home beginning 9/1 for early viewings.
The house has been completely remodeled. The remodel included:
- All new electrical, breaker box, breakers, and 50% of the wiring.
- All new low E windows throughout the home.
- Kitchen has been completely updated with new soft and self-closing doors, drawers, and appliances.
- Roof was replaced in 2017, has been repaired, damaged vents replaced, and now has a five-year warranty.
- Every door throughout the interior of the house is new.
- Ceiling and walls painted throughout.
- Double vanity added to the primary bathroom.
- Floor-to-ceiling ceramic tile in bathrooms.
- New garage door and opener
- New gutters
The owner is finalizing the landscaping, outdoor kitchen, paint touch-up, and other small items this coming week. This house will be move-in ready and perfect for a small to medium-sized family or for an investor rental.
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About Glencairn
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Last Updated: 4 months ago
Data Source: HAR , MLS# 75640139
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017