229 Varney 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.
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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 7, 2025 | Sold | ||
| Sold | |||
| Feb 10, 2025 | In contract | - | |
| In contract | |||
| Feb 3, 2025 | Listed by Locke Associates Inc. | $399,900 | |
| Listed by Locke Associates Inc. | |||
| Aug 5, 2022 | Sold | ||
| Sold | |||
| Jul 11, 2022 | Listed by KW Coastal and Lakes & Mountains Realty/Wolfeboro | $375,000 | |
| Listed by KW Coastal and Lakes & Mountains Realty/Wolfeboro | |||
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Two lots for the price of one! Welcome to Locke Lake Colony. A well desired association in the lakes region! With 2 lakes and a pond, theres plenty of deeded water access. Members are able to rent the community lodge for parties, TEN beaches, tennis and basketball courts, two pools, a boat launch, marina and the more! Good standing members can enjoy all of this for $580/year! Now for the property; a beautiful split level ranch with a garage beneath it. This 2 bedroom 1 bath home is just calling your name to see the endless possibilities. The basement is roughed in and framed, ready to be finished to double the living space! Now lets take a look at the waterfront! This property is being sold with the waterfront lot across the street of .37 acres! 74 feet of water frontage with a dock to enjoy lake life at it’s finest! Clear some of this land out and use this as a gathering place for friends and family, or maybe check with the town and have the potential to build something there! Endless opportunities for this beautiful 2 lot property. Come see it for yourself during the open houses: Saturday 7/16 from 10am-12pm, and Sunday 7/17 from 10am-12pm. Sale is contingent on seller finding suitable housing.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017