26 Needham Lane #5
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 |
|---|---|---|---|
| Jan 27, 2023 | No longer available | - | |
| No longer available | |||
| Dec 14, 2022 | Relisted | $255,000 | |
| Relisted | |||
| Dec 4, 2022 | No longer available | - | |
| No longer available | |||
| Jul 29, 2022 | Price Decreased |
$269,000
↓ $10K
(3.6%) | |
| Price Decreased | |||
| Jun 5, 2022 | Listed | $279,000 | |
| Listed | |||
| | |||
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''Grey Ghost'' at Quimby Pond Camps- this classic Maine getaway is a fully year-round cottage with all the Maine charm! 3BR 1.5BA with a spacious open living area and cozy wood stove. Featuring 2BR and a full bath on the main living level and a large 2nd floor bedroom with 1/2 bath. Association owned land, with 419' of waterfront, a shared dock and kayak and canoe rack. Non-motorized Quimby Pond is well known for fly fishing and that On Golden Pond feel with plenty of loons to put you to sleep and lots of shoreline to explore! This sweet cottage can be enjoyed all 4 seasons with snowmobile access from your door and an easy drive to Rangeley, Oquossoc and Saddleback Mountain! Property also includes a shed with room for 2 snowmobiles or plenty of toys for year-round fun! The cottage comes fully furnished and ready for immediate enjoyment! Don't miss out on this sweet opportunity in the heart of the Rangeley Lakes Region!
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Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
06/05/2022
|
3 Bed
|
1.5 Bath
|
-
|
$279,000
3 Bed
1.5 Bath
|
-
-
|
Aimee Danforth
Noyes Real Estate Agency
| |
|
03/31/2020
|
3 Bed
|
2 Bath
|
-
|
$229,000
3 Bed
2 Bath
|
-
-
|
-
| |
|
08/13/2018
| |
3 Bed
|
2 Bath
|
1000 ft²
|
-
3 Bed
2 Bath
1000 ft²
|
-
-
|
-
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017