18552 Michaels Run
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 |
|---|---|---|---|
| Jan 13, 2022 | Sold | ||
| Sold | |||
| Nov 17, 2021 | Listed by Creekview Realty | $793,000 | |
| Listed by Creekview Realty | |||
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Beautiful home on 1+ acres backed up wooded reserve in gated subdivision. Room for pool and barn etc. Nice subdivision park with fishing lake and covered play area and covered pavilion. Home is open concept, huge island kitchen, split plan, 4 bed or 5th bedroom if use study, huge game-room or theater room, 3.5 bath, 3 car giant oversized garage. High ceilings. GE Profile appliances with double convection oven, Quartz on all counter tops, lots of wood look tile, Moen faucets, site-built cabinets, Energy star qualified. Rain shower heads. Low 2% tax rate and no MUD taxes.
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| Nov 25, 2020 | Sold | ||
| Sold | |||
| Nov 10, 2020 | Listed by CB & A, Realtors | $105,000 | |
| Listed by CB & A, Realtors | |||
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This gorgeous 1 acre lot is nestled in the back of Grand Lake Estates (GLE) where it's quiet and you can see the night sky blanketed with stars. And WOW, it borders a Forest Preserve of acres upon acres of dense forest and abundant wildlife. Horses are allowed! GLE is one of the most sought after communities in Montgomery County and is zoned to the brand new state-of-the-art schools of Keenan Elementary, Oak Hills Junior High and Lake Creek High School in Montgomery School District with top notch educators. This is a gated community surrounded by rolling hills, mature trees, fishing ponds and is known for it's 18 hole Gary Player designed golf course. Oh and did I mention NO MUD Tax and low tax rate. Bring your builder, walk the lot and make your offer today! Call me to schedule your viewing of this beautiful place you can call home!
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About Grand Lake Estates
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017