27 Locust 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 |
|---|---|---|---|
| Apr 26, 2024 | Sold | ||
| Sold | |||
| Mar 6, 2024 | In contract | - | |
| In contract | |||
| Feb 29, 2024 | Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate | $1,249,000 | |
| Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate | |||
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Updated home on quiet cul de sac will make you feel as if you are in the country, yet you are mere minutes from Needham & Wellesley centers. This well cared for home sits on a one acre flat, newly fenced in lot w/ a new patio, new landscaping and a new front sprinkler system. Inside the chef's kitchen you'll find Wolf appliances, a sub zero fridge, double ovens a pot filler and updated cabinets. Hardwood floors throughout first floor and neutral painting done to modernize this great home. Three season sun porch and deck off the dining room make entertaining a dream! Primary suite has tiled shower and there is another updated full bath for the additional two bedrooms on this floor. Lower lever recently updated and has full bath, laundry, family room & office with large glass doors leading out to patio. Newer forced hot water heating system, natural gas, public water & sewer. Direct garage access. Public fishing dock at end of street w/ bike trials to downtown Wellesley. Unpack & enjoy!
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| Apr 1, 2020 | Sold | ||
| Sold | |||
| Jan 23, 2020 | Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate | $929,000 | |
| Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017