281 West Shore Dr
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 |
|---|---|---|---|
| Mar 15, 2025 | Temporarily off market | - | |
| Temporarily off market | |||
| Feb 7, 2025 | Withdrawn | - | |
| Withdrawn | |||
| Nov 21, 2024 | Listed by Lyv Realty | $799,995 | |
| Listed by Lyv Realty | |||
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Welcome to this Updated Move-In Ready 3 Bedroom, 1.5 Bath home situated on a corner lot in the seaside town of Marblehead! The eat-in kitchen features white cabinets, gleaming hardwood flooring, stainless steel appliances, peninsula seating, and ample space for the kitchen table. The spacious front to back living room with a wood burning fireplace and hardwood flooring along with a half bath complete the 1st level. Upstairs you will find 3 bedrooms with hardwood flooring, ample closet space and a full bathroom. The partially finished lower level with both cooling and heating, along with a laundry area offers the perfect space for a home office, family room, gym or playroom. Outside you will enjoy a large yard, patio area, paver walkway, garage/ paver driveway, and a large storage shed. All Major Updates have been done -making for easy living near beaches, trails, and yacht clubs, along with easy access to the commuter rail, downtown Marblehead and surrounding areas!
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| Jan 16, 2020 | No longer available | - | |
| No longer available | |||
| Dec 3, 2019 | Price Decreased |
$599,900
↓ $10K
(1.6%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017