203 Stable Road
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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 |
|---|---|---|---|
| Oct 3, 2024 | Sold | ||
| Sold | |||
| Aug 21, 2024 | In contract | - | |
| In contract | |||
| Jul 15, 2024 | Listed by Weaver Street Realty & Auction | $885,000 | |
| Listed by Weaver Street Realty & Auction | |||
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Welcome to urban living within nature in this unexpectedly large, sunny home on a quiet street in the coveted Cedars neighborhood. The first floor has a comfortable flow over the hardwoods with living room, dining room, primary suite, and kitchen. You will delight in the kitchen with new quartz countertops, gas cooktop and stainless-steel appliances. There are 2 bedrooms on the second floor, as well as a vaulted ceiling room which is perfect for a study or TV room. The third floor has a large bamboo-floored room with a closet and built-in shelves: ideal for a very large bedroom, playroom or spacious office. For even more living flexibility, there is a studio/office/guest room over the 2-car garage with a small kitchen and half-bath. Due to the number of possible uses for this layout, it lives like a 4-bedroom home. You will enjoy relaxing or entertaining on the large screened-in porch, while watching birds in the small, lush, fenced backyard. Originally the model home, this home has been updated with a focus on energy efficiency. The main floor has a new electric heat-pump for efficient heating and cooling, with gas furnace back-up for the coldest weather. The direct-vent gas fireplace is not only beautiful but provides contaminant-free heat, even in the event of a power outage. Foam attic insulation has been added. A gas Rinnai provides on-demand hot water. Stay connected with Google Fiber, and enjoy the convenience of Wi-Fi thermostats and an EV charger, all powered by your own solar panels. The yard is a pollinator-friendly bird paradise of low-maintenance native trees, shrubs and perennials. The house overlooks neighborhood woods in front and in back. There are many HOA-owned amenities just outside the door, including a playground, pond, big field (beloved by 2-legged and 4-legged alike), the best climbing tree in Carrboro, and a wooded trail around the pond. You may choose to claim a plot in the community garden or join the chicken co-op for eggs from chickens you know (and care for) by name. You are not just buying a house, but also a community. And it is a mere mile to the growing action of downtown Carrboro. This is a must-see!
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| Mar 23, 2018 | Sold | ||
| Sold | |||
| Apr 26, 2013 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017