2 Spruce Drive #2
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 |
|---|---|---|---|
| Mar 29, 2018 | Sold | ||
| Sold | |||
| Nov 8, 2017 | Listed by Coldwell Banker Realty - Longmeadow | $395,000 | |
| Listed by Coldwell Banker Realty - Longmeadow | |||
| Aug 15, 2008 | Sold | ||
| Sold | |||
| Dec 18, 2006 | Listed | $415,900 | |
| Listed | |||
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|
GREAT OPPORTUNITY - FINAL UNIT - DEVELOPER'S CLOSE OUT SALE- ORIGINALLY $550,000. NOW- $ 415,900. Preferred large end unit at The Woods, new construction and ready for immed. occupancy. This lovely unit has a 1st floor extended master suite w/walk-in closet. Living room w/hardwood floors, fireplace, skylight w/cathedral ceiling. Cherry kitchen w/pantry & granite countertops. Finished(580 SQ FT)lower level w/full bath. Plus a 12 x 12 screened porch, central vac & 2-car garage.
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Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
11/08/2017
|
3 Bed
|
4 Bath
|
2450 ft²
|
$395,000
3 Bed
4 Bath
2450 ft²
|
$395,000
03/29/2018
|
Mary Lou Gray
Berkshire Hathaway Home Service New England Properties
| |
|
12/18/2006
|
3 Bed
|
3 Bath
|
2500 ft²
|
$415,900
3 Bed
3 Bath
2500 ft²
|
$400,000
-3.82%
08/15/2008
|
Sheila Soja
Berkshire Hathaway HomeServices Realty Professionals
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017