251 Tamarack 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 |
|---|---|---|---|
| Apr 19, 2025 | In contract | - | |
| In contract | |||
| Apr 11, 2025 | Relisted | $985,000 | |
| Relisted | |||
| Mar 27, 2025 | In contract | - | |
| In contract | |||
| Mar 19, 2025 | Listed | $985,000 | |
| Listed | |||
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One of the most important creations of value in the real estate world is PRIVACY or if you are purchasing a product, it is SCARCITY and UNIQUENESS. The 36.45-acre land parcel at the end of Tamarac Road in Charlotte has both. Beautifully sculpted, the land now has two ponds, (one with a dry hydrant for fire protection) open meadows, a sugar bush for maple sugaring, a small boardwalk through wetlands that acts as a bird sanctuary, a drilled well, installed conduit for underground electricity, a state approved septic system design and several building sites. The property is in the current use program for reduced real estate taxes. Just over the Shelburne town line in Charlotte, it affords easy access to the Shelburne village center, the Town of Charlotte central school and to Charlotte Town beach.
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| Jun 18, 2024 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017