21 Michael Way #21
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.
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 |
|---|---|---|---|
| Jul 29, 2024 | Sold | ||
| Sold | |||
| Jun 29, 2024 | In contract | - | |
| In contract | |||
| Jun 21, 2024 | Listed by Coldwell Banker Realty - Andover | $799,900 | |
| Listed by Coldwell Banker Realty - Andover | |||
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Gorgeous END UNIT tucked away at the desirable Abbot's Pond with an inviting neighborhood setting. With soaring cathedral ceilings, skylights and open areas this offers a contemporary flare and feels like a home. The grand two-story entry will welcome your guests. Living room with tiled fireplace and front to back dining room is ideal for entertaining with deck access. Updated kitchen with stainless steel appliances, quartz counters and breakfast bar. First floor primary bedroom and primary bathroom also with deck access. Additional first floor bedroom with private full bathroom access is adjacent to the laundry room. Upstairs has a large loft area with office space and custom built-ins. Third bedroom and full bathroom are nicely situated. Full basement and attic space for all of your storage needs and bonus garage parking. Large deck is ideal for summer evenings or morning coffee. Minutes to highways and the commuter rail. Enjoy the popular downtown Andover restaurants and shopping!
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| Apr 30, 2013 | Sold | ||
| Sold | |||
| Jun 29, 2012 | Listed by Coldwell Banker Realty - Andover | $425,000 | |
| Listed by Coldwell Banker Realty - Andover | |||
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Bright, fresh and expansive townhome in desirable Abbot's Pond. This three bedroom unit boasts just under 2700 sq ft. Grand living room with hardwood floors, vaulted ceiling and fireplace. Dining room is surrounded by windows allowing breathtaking views of mature plantings and the pond. First floor master suite with cathedral ceilings, skylights and deck. Master bath with jetted tub and double vanity. Spacious loft with custom built ins. Attached 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 |
|---|---|---|---|---|---|---|---|
|
06/21/2024
|
3 Bed
|
3 Bath
|
2694 ft²
|
$799,900
3 Bed
3 Bath
2694 ft²
|
$811,000
+1.39%
07/29/2024
|
Debbie Carusi
Coldwell Banker Realty - Andover
| |
|
06/29/2012
|
3 Bed
|
3 Bath
|
2694 ft²
|
$425,000
3 Bed
3 Bath
2694 ft²
|
$400,000
-5.88%
04/30/2013
|
Allyson Rollenhagen
Coldwell Banker Realty - Newburyport
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017