24 Old Neck 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%.
How much can I actually make?
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 |
|---|---|---|---|
| May 9, 2018 | Sold | ||
| Sold | |||
| Feb 9, 2017 | Listed by Coldwell Banker Realty - Manchester | $1,499,999 | |
| Listed by Coldwell Banker Realty - Manchester | |||
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This classic seaside “cottage” is sited on a promontory announcing the entrance to the prestigious Eagle Head enclave. Within sound of the crashing waves and a stone’s throw to a secret path to renowned Singing Beach, this hidden gem enjoys peace and privacy afforded by the surrounding one and a half acres of lawn, gardens and boulders of the magnificent Cape Ann coastline. The current owners have amassed happy memories raising their family in this idyllic hamlet. They continue to graciously entertain family and friends from all over the world who treasure an invitation to spend a bit of the summer at Gray Lodge. Where else can one spend part of the day sunning on the beach and then choose between an evening enjoying the charms of the village of Manchester-by-the-Sea or hop a train into Boston, a mere 45 minute train ride away.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017