228 McManus 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.
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 |
|---|---|---|---|
| Feb 19, 2025 | Listed | $1,800,000 | |
| Listed | |||
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Nestled along the shores of tranquil Crescent Lake in Wolfeboro, NH, 228 McManus Road offers an outstanding opportunity for lakeside living in “The Oldest Summer Resort in America.” This extraordinary lakeside retreat seamlessly blends four season comfort with thoughtfully inspired design. The property boasts a wealth of recent improvements, including a premium kitchen remodel featuring gorgeous granite countertops, custom cabinetry, and high-end appliances, as well as updated plumbing, electrical, and insulation. The main floor has an open floor plan and includes a primary ensuite bedroom with a large walk-in closet and laundry, while the lower level impresses with a luxurious sauna, two guest rooms, a plumbed kitchenette and separate living space. Outdoor living is elevated with a dock, lush landscaping, and a flagstone fire-pit area, perfect for entertaining or soaking in Crescent Lake's beauty. Recent updates such as windows, premium composite siding, and energy-efficient heating ensure year-round comfort and efficiency. The home is a short walk to Brewster Heath Preserve, a conservation area featuring walking trails and abundant wildlife, as well as Kingswood Golf Club, a picturesque 18-hole course. Whether sipping coffee on the deck, enjoying water activities, or exploring the charm of downtown Wolfeboro's shops and dining, this property is your gateway to four-season recreation and timeless elegance. **Lower level of garage is not depicted in floor plans.**
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| Jun 25, 2024 | Sold | ||
| Sold | |||
| May 18, 2024 | In contract | - | |
| In contract | |||
| May 14, 2024 | Listed by EXP Realty | $1,735,000 | |
| Listed by EXP Realty | |||
| Oct 25, 2023 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017