25 Preserve Way
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 |
|---|---|---|---|
| Dec 4, 2020 | Listed by Berkshire Hathaway HomeServices Chicago | $1,525,000 | |
| Listed by Berkshire Hathaway HomeServices Chicago | |||
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Spectacular year-round water views where Mother Nature puts on a new show every day! This beautifully designed Galien Riverfront property with a private boat dock offers over 6700 square feet of living space including 5 bedrooms, 4 full and 3 half baths. Quality construction throughout is evidenced in the refined luxury finishes and the impressive attention to detail in all aspects of how the home was built. From every room in the house numerous windows and doors bring the outdoor views inside, making this home feel like a true Harbor Country retreat. A two-story stone fireplace anchors the main level living room that flows comfortably to a stunning kitchen with granite counters and top of the line appliances. There is a formal dining room plus a library office next to a convenient half bath. Just off the kitchen there is a neat and tidy service area that works perfectly as a kitchen computer station, mudroom and laundry next to another a half bath. A main level primary bedroom suite includes a fireplace, steam shower and two walk-in closets. The upper level of the home is accessed by two staircases. Upstairs there is a loft seating area and 3 guest bedrooms (2 of which have ensuite baths). The lower level includes a wonderful family room with fireplace, wet bar, a very special guest bedroom with ensuite bath, a large bonus room for home theater and games, a fitness room, a second laundry room for the home and another half bath. There is a three-car attached garage, terraced yard with a firepit overlooking the Galien River marsh. The Preserve is a very well run gated residential community with pool, tennis, paddle sports launch just minutes from New Buffalo's beach, shops and restaurants.
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| Feb 10, 2016 | Sold | ||
| Sold | |||
| Mar 20, 2015 | Listed by Coldwell Banker Realty | $1,550,000 | |
| Listed by Coldwell Banker Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017