250 Colony 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 |
|---|---|---|---|
| Oct 18, 2022 | No longer available | - | |
| No longer available | |||
| Oct 14, 2022 | Sold | ||
| Sold | |||
| Aug 1, 2022 | In contract | - | |
| In contract | |||
| Jun 30, 2022 | Listed by Harry Norman REALTORS | $974,900 | |
| Listed by Harry Norman REALTORS | |||
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Location! Location! Location! Enjoy the ease of paved access only minutes from the HWY 441 corridor and acclaimed Rabun Gap Nacoochee School! This fabulous 4 bedroom, 5 bathroom property with a separate home office offers plenty of space to spread out. As you approach from the paved circular driveway, you'll find a 3+ car garage. Step inside the main level to a mudroom with ample storage space leading into the recently renovated chef's kitchen with solid surface countertops, chef quality stainless-steel appliances and ample cabinet space. This home is set up for entertaining with multiple seating areas just off of the kitchen that flow into the exterior pool and garden space. The living room is spacious yet cozy with a fireplace and plenty of room for an oversized sectional sofa. Just off of the living room, you'll enjoy the privacy of the home office with a full bathroom close by. The dining area can seat at least 12-14 guests! One bedroom is located on the main level with a private en-suite bath. Upstairs, you'll find a very generously sized master suite complete with sitting area, spacious walk-in closet, separate laundry room and a private tile bath with double vanities, separate shower and soaking tub. Two additional spacious bedrooms with private bathrooms complete the upstairs. The grounds of this property offer well-kept, mature landscaping, a small food garden, in ground pool, in ground fire pit, grilling patio and plenty of areas to sit back, relax and enjoy the private setting. There is space to park and RV or other large vehicles. Conveniently located just steps from Downtown Dillard, about 15 minutes from Downtown Clayton and approximately 25-30 minutes from Franklin and Highlands, NC. The manager has listed the unit size as 4799 square feet.
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| Jun 15, 2022 | Listed by Harry Norman REALTORS | $974,900 | |
| Listed by Harry Norman REALTORS | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017