189 Highland Road
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.
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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 |
|---|---|---|---|
| Jul 31, 2024 | Sold | ||
| Sold | |||
| Jun 5, 2024 | In contract | - | |
| In contract | |||
| Feb 8, 2024 | Listed by Cummings & Co | $459,000 | |
| Listed by Cummings & Co | |||
| Oct 7, 2020 | Sold | ||
| Sold | |||
| Aug 25, 2020 | Listed by Casella Real Estate | $269,900 | |
| Listed by Casella Real Estate | |||
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Imagine having a year round home, that offers a country feel, is only a minute drive to a paved road, and has a pristine private beach and tennis court! Oh, and the best thing about this property is that it is extremely affordable. The home was constructed in 1991 with the great room w. gas fireplace added in 2005. In 2008 the sellers added a private bedroom w. gas stove that has access to the spacious deck. The covered front porch reveals park like setting grounds and allows you to enter into the open kitchen and dining room where many family gatherings will take place. The first floor also has a den/office, another bedroom, and full bathroom with washer and dryer. The lower level walks out to the outside and has a large family room, half bathroom (spacious enough to be a full bathroom) and utility room. The property has an outdoor shower, play house, shed and a 12x16 Garden Time building that is used as a delightful screen room w. power. The building was also constructed, so that a vehicle can be stored inside as well. In the Highland Homesites development there are 23 homesites, 20 sites that have beach membership which is $250/year, and the road maintenance is anywhere from $100 to $350/year, which includes plowing, grading and sanding of the roads. Just an incredible property all located within an easy drive of airports, ski areas, and shopping. Furnishings can be purchased separately if desired.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017