2412 SUMMERCREST LANE
About This Property
Located in the gated golf community of Timber Pines, residents enjoy access to meticulously maintained golf courses, tennis courts, a fitness center, and a clubhouse with social activities. The Timber Pines HOA includes two large community pools, a brand-new state-of-the-art fitness center, new pickleball courts with a pavilion, a restaurant, a bar, a lodge, a library, shuffleboard, bocce ball, Har-Tru tennis courts, billiards, a performing arts center, pottery, crafts, a woodworking shop, card clubs, mahjong, water aerobics, and more. For security, there are three manned guard gates. Golf enthusiasts will appreciate Timber Pines' three 18-hole golf courses, one 9-hole walking course, two pro shops, practice greens, and a driving range. Additionally, high-speed cable and internet are included with the HOA.
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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 |
|---|---|---|---|
| Apr 8, 2025 | Sold | ||
| Sold | |||
| Mar 1, 2025 | In contract | - | |
| In contract | |||
| Nov 24, 2024 | Price Decreased |
$294,000
↓ $21K
(6.6%) | |
| Price Decreased | |||
| Sep 6, 2024 | Price Decreased |
$314,750
↓ $14K
(4.3%) | |
| Price Decreased | |||
| Jul 16, 2024 | Listed by DALTON WADE INC | $329,000 | |
| Listed by DALTON WADE INC | |||
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About Timber Pines
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017