251 Cedar Drive
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%.
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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.
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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 8, 2022 | Sold | ||
| Sold | |||
| May 6, 2022 | Listed by BHHS Vermont Realty Group/Vergennes | $529,900 | |
| Listed by BHHS Vermont Realty Group/Vergennes | |||
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This unique year round home overlooking Lake Champlain was designed to take advantage of the wide sweeping views. The deeded lake access is a 1 minute walk from your driveway and will provide an opportunity for canoe or kayak trips as well as fishing and swimming in the lake. The newer stairs provide easy access to the shoreline. On those warm sun filled days you will enjoy barbeques and sunsets with family and friends on the wrap around deck. Or if you want more quiet and privacy enjoy the just completed new stone patio. This could become your out door sanctuary. It is the perfect place to read a book and enjoy the quiet surroundings. When you wake up in the primary bedroom suite you will be able to gaze out at Lake Champlain and the Adirondacks and curl up with a good book or meditate in the cozy private room off the walk in closet. On those chilly nights you can enjoy the gas fireplace in the light filled living room or cozy up in the rec room to eat popcorn and watch a movie with your projector & screen or maybe shoot a game of pool. The possibilities are endless. There is plenty of room for gardens to grow your own vegetables and flowers. This home is 20 minutes to Vergennes and and 25 minutes to Middlebury and 50 to Burlington. It is located near the NY bridge for easy access as well.
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| Dec 20, 2018 | Sold | ||
| Sold | |||
| Sep 17, 2018 | Listed by Four Seasons Sotheby's Int'l Realty | $349,500 | |
| Listed by Four Seasons Sotheby's Int'l Realty | |||
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This one of a kind year round home will captivate you. The nearby, deeded lake access will provide an opportunity for canoe or kayak trips as well as great swims. You will enjoy barbeques and sunsets with family and friends on the large deck. When you wake up in the master bedroom you will be able to gaze out at Lake Champlain and the Adirondacks. There is plenty of room for gardens to grow your own vegetables and flowers. This home is 20 minutes to Vergennes and and 25 minutes to Middlebury. There is all new sheet rock on the main floor and the finished basement. There is plenty of brand new carpet, paint and flooring to make the house feel clean and fresh.
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| Jul 30, 2017 | Listed | $319,900 | |
| Listed | |||
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Enjoy the stellar sunsets over Lake Champlain from the deck, livingroon or Master suite. This unique lighthouse styled contemporary home is a short walk to the water with deeded access for a swim or boat ride. Master bedroom suite on the second floor, mostly finished walkout lower level, two gas fireplaces, beautiful gardens, a maze and hot tub on the patio. The manager has listed the unit size as 3840 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017