261 Park Lane
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 13, 2020 | Sold | ||
| Sold | |||
| Sep 15, 2019 | Listed by Coldwell Banker Realty - Concord | $1,699,000 | |
| Listed by Coldwell Banker Realty - Concord | |||
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This home is a nature lovers paradise. Hidden away at the end of a cul de sac, this mid century contemporary home is truly a life style property. Located on the banks of the Assabet River, with direct access to the Concord and Sudbury Rivers, the recreational possibilities are endless. Beautiful views of the natural surroundings are enjoyed from every room and the siting of this home provides multiple outdoor patio areas. The chefs kitchen in the main part of the house has a professional gas stove, granite counters and an attached high top seating area. The adjacent living room with fireplace and built ins opens to the three season dining area. The second floor consists of 5 bedrooms and 3 baths. The first floor in-law wing has its own front entrance with 2 bedrooms, 2 bathrooms, laundry, a galley kitchen with brick archways, and a large living room overlooking the river. Heated in ground salt water pool, 3 car garage & abutting conservation land makes this the perfect retreat
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| Jul 26, 2019 | No longer available | - | |
| No longer available | |||
| Jun 19, 2019 | Price Decreased |
$2,195,000
↓ $100K
(4.4%) | |
| Price Decreased | |||
| May 17, 2019 | Price Decreased |
$2,295,000
↓ $2M
(49%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017