258 COVE BOULEVARD #3
About This Property
The manager has listed the unit size as 1020 square feet.
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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 |
|---|---|---|---|
| May 15, 2024 | No longer available | - | |
| No longer available | |||
| May 14, 2024 | Sold | ||
| Sold | |||
| Apr 8, 2024 | In contract | - | |
| In contract | |||
| Mar 28, 2024 | Listed | $599,000 | |
| Listed | |||
| | |||
|
Opportunity for in investor looking to long term rent, year round to a tenant working a minimum of 30hrs/wk in Summit County Fantastic location and floorplan in this beautifully maintained 2 bed/1.75 bath Lakeside Townhome in Summit Cove. Plenty of natural sunlight from south facing aspect. Updated kitchen, in-unit washer/dryer, stone fireplace, spacious closets and large crawl space for storage. Private patio with walkout to open space and views of the surrounding mountains. Close to the Summit Stage bus stop and only minutes away from Lake Dillon and Keystone. Spend the day hiking and biking exploring the plethora of nearby trails. Neighborhood mail delivery. Deed restriction via Summit Housing Helps Program. No cap on appreciation or resale value.
| |||
| Mar 6, 2024 | Price Decreased |
$599,000
↓ $11K
(1.8%) | |
| Price Decreased | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
02/05/2024
|
2 Bed
|
2 Bath
|
1020 ft²
|
$625,000
2 Bed
2 Bath
1020 ft²
|
-
-
|
Sarah McNeill
Slifer Smith & Frampton - Summit County
| |
|
07/15/2023
|
3 Bed
|
2 Bath
|
1260 ft²
|
$648,000
3 Bed
2 Bath
1260 ft²
|
-
-
|
Candy J. Snyder
Omni R.E./Frisco
| |
|
06/14/2023
|
2 Bed
|
2 Bath
|
1020 ft²
|
$647,000
2 Bed
2 Bath
1020 ft²
|
$626,000
-3.25%
08/03/2023
|
Sarah Mcneill
Slifer Smith & Frampton Real Estate
| |
|
11/11/2021
|
4 Bed
|
3 Bath
|
1465 ft²
|
$725,000
4 Bed
3 Bath
1465 ft²
|
$777,000
+7.17%
12/15/2021
|
Heather Wood
Cornerstone Real Estate Co.
| |
|
01/18/2019
|
2 Bed
|
2 Bath
|
1020 ft²
|
$440,000
2 Bed
2 Bath
1020 ft²
|
-
-
|
-
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017