204 Sunset Acres
About This Property
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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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When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
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Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 14, 2020 | Sold | ||
| Sold | |||
| Feb 3, 2020 | Listed by Jim Campbell Real Estate | $299,000 | |
| Listed by Jim Campbell Real Estate | |||
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Fully furnished and turn-key ready property on beautiful Lake Memphremagog. Enjoy living on the water without paying the high real estate taxes associated with owning a lake home. This well maintained Chalet sits on .78 acres of land with private access to leased water frontage ($300/ year), approx. 3000sq.ft of land with stairs to the dock, small sandy beach and level lawn area lakeside. Built in 1965, this home has been lovingly remodeled and features approx. 1800sq.ft of finished living area. The main floor has a large bedroom, open living/dining room, galley kitchen, full bath and tiled entry way. The 2nd floor is the master bedroom with a 1/2 bath and the lower level is a large bonus room with 5 beds for family or friends (could be a family room) a 3/4 bath, separate laundry rm and a utility rm. Gas heat stove in the living room for cozy fall & winter nights and a detached garage for storing all your toys. Located on a quiet road and adjacent to the 8+ mile long bike path/ groomed cross country ski trail that runs from downtown Newport to the Canadian border. From nearly every room you will enjoy gorgeous lake views and the mountains beyond, including Jay Peak. The large deck with awning offers a perfect spot to enjoy the beautiful sunsets over the lake. Ideal vacation property, a wonderful primary residence or an income producing rental property (sellers took in over $15K in 2019 renting between their personal occupancy). Furnishings & dock are all included at $299K.
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| Sep 9, 2018 | No longer available | - | |
| No longer available | |||
| Sep 7, 2018 | Sold | ||
| Sold | |||
| Jun 11, 2018 | Listed | $279,000 | |
| Listed | |||
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Lovingly remodeled over the past 18 years, this beautiful home has a gorgeous view of Lake Memphremagog and the mountains beyond, including Jay Peak. Located on a quiet, gravel town road and adjacent to the bike and hiking path that runs from Newport to the Canadian border. The 3/4 acre lot also offers leased private water frontage on the lake, with a dock and boat lift (available for purchase separately.) The large deck with awning offers a perfect spot to enjoy the beautiful sunsets over the lake and mountains. The main living area has a large bedroom, open living/dining room, galley kitchen, full bath and tiled entry way. Downstairs, the finished basement has a large room with 5 beds for family or friends(or could be a family room) a 3/4 bath, big laundry room and a utility room. The upstairs loft bedroom has a 1/2 bath and another great view of the lake. Tons of closets for storage throughout the home. Gas heat stove in the living room for cozy fall and winter nights, and a detached garage for storing all your toys. Enjoy snowmobiling, cross country skiing or snow shoeing in the winter, fishing, boating, hiking, biking the rest of the year. Perfect family getaway, great retirement spot, or just a wonderful primary residence. Furnishings, boat, dock and boat lift are negotiable, but not included in the list price. The manager has listed the unit size as 1864 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017