262 Shear Hill Road
About This Property
The main level boasts an open floor plan with generous living and dining areas, ideal for entertaining. Large windows fill the home with natural light. The kitchen is well-equipped with modern appliances, and the adjoining dining space makes meal preparation and hosting a breeze.
The separate lower level features its own entrance, kitchen, living area, and bedroom, providing both comfort and independence for family members or guests.
Outside, enjoy lake rights to beautiful Lake Casse, just a short walk away, where you can enjoy boating, fishing, clubhouse, playground and tranquil lakeside views. The large, private yard offers plenty of space for outdoor activities, with an above ground pool and mature trees and a serene atmosphere.
Located in a peaceful neighborhood yet close to shopping, dining, and major roadways, this home offers the perfect blend of comfort, convenience, and lakeside living. Don't miss the opportunity to make this special property your own!
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Cap Rate Calculator
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 30, 2025 | Sold | ||
| Sold | |||
| Mar 29, 2025 | In contract | - | |
| In contract | |||
| Mar 4, 2025 | Listed by Century 21 Alliance Rlty Group | $650,000 | |
| Listed by Century 21 Alliance Rlty Group | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017