2398 Springbrook Road #1
About This Property
The manager has listed the unit size as 1562 square feet.
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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 |
|---|---|---|---|
| Aug 19, 2023 | No longer available | - | |
| No longer available | |||
| Jul 15, 2023 | In contract | - | |
| In contract | |||
| Jul 14, 2023 | Listed | $349,000 | |
| Listed | |||
| | |||
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Peaceful gated community on the creek! Don't miss this rare opportunity to purchase a single level home with a 2 car garage. Located in Lone Pine Estates with immaculate professionally maintained landscaping, beautiful trees, walking paths and private park areas, this unit is one of only 12 condos in this serene and secure complex. Open the door and you are greeted with soaring ceilings in the great room, gas fireplace and a private balcony overlooking the creek. Off the great room is an open and cheery kitchen with an island, ample storage and eating area. This 2 bedroom 2 full bathroom home also has a laundry room and a bonus room that would make a perfect office, gym space, or even an extra sleeping area. True low-maintenance, easy living. The monthly dues cover common area lighting, electricity and landscaping of the complex. It also covers the Master insurance policy and any maintenance for common areas. Welcome home. The manager has listed the unit size as 1562 square feet.
| |||
| Apr 1, 2022 | No longer available | - | |
| No longer available | |||
| Mar 8, 2022 | In contract | - | |
| In contract | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
07/14/2023
|
2 Bed
|
2 Bath
|
1562 ft²
|
$349,000
2 Bed
2 Bath
1562 ft²
|
-
-
|
Michelle Thomas
John L. Scott Medford
| |
|
03/03/2022
|
2 Bed
|
2 Bath
|
1562 ft²
|
$349,000
2 Bed
2 Bath
1562 ft²
|
-
-
|
Laura Weiland
RE/MAX Platinum
| |
|
05/15/2018
| |
2 Bed
|
2 Bath
|
1520 ft²
|
-
2 Bed
2 Bath
1520 ft²
|
-
-
|
-
|
|
07/08/2017
| |
2 Bed
|
2 Bath
|
1562 ft²
|
-
2 Bed
2 Bath
1562 ft²
|
-
-
|
-
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017