2831 Summit Trails Drive
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 |
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| Apr 20, 2021 | Sold | ||
| Sold | |||
| Oct 27, 2020 | Listed by Mountain Realty Group | $1,500,000 | |
| Listed by Mountain Realty Group | |||
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Luxury living at its best with this stunning 5400 (living) sq ft. 5brm 4bath & 2 half-bath. With the beautiful landscaping to the newly done 4 car garage and guest house. The Oversized garage has 1500 sq ft (not living ) with Heat and AC. The guest house is a open floor plan & 2 master suites & 2 full bathrooms with the finest quality from: Flooring, Tile, Glass showers, Stainless Steel appliances, Granite counter tops, etc.. The custom railings on the balcony. Blending the wood & stone, truly makes this home/guest home & garage a one of kind with so many upgrades, New Kitchen, New state of the art appliances, New Cabinets, New Flooring, New Bathrooms, 5 New heating and air units, Tankless hot water, Propane tank ( owned ). etc.. The Main floor of the home has everything you need on one level. Relax in front of one of the gas fireplaces in the Whiskey Barrel room! This home is stunning and has great potential for Perm, Second, or Rental. This is one home you must see to believe!
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| Apr 11, 2019 | Listed by Mountain Realty Group | $650,000 | |
| Listed by Mountain Realty Group | |||
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The Summit on Bluff Mountain, as the entry sign reads A Higher Degree of Living. Here is a rare opportunity to own a home in this exceptional neighborhood on 1.03 acres, for well under one million dollars in a development of multi million dollar homes. This property abuts on one side a beautiful fountain, with a copper roofed sitting area, a walk bridge to the fountain and another sitting area in this professionally landscaped spot. The lot on the other side of the property is also professionally landscaped along the roads edge to the entry and will never be built on. Nature at it's best surrounds this custom built home, can be viewed from the 42 foot long sun-room which is located at the rear of the home. The home can be entered through one of three garden view double style doors into the master bedroom, the living room or the kitchen. The floors throughout are hardwood. Tile is in the 2.5 baths & laundry room. The first floor walls are adorned with tongue and groove wainscoting through the living room, dining room, entry way and hallway. Both gas stacked-stone fireplace's can be converted to wood burning. The kitchen along with granite counter-tops, stainless steel appliances, double sink with disposal, has plenty of cabinet and pantry storage. the stove is currently electric but the area is plumbed with a gas hookup. The spacious master bedroom is located on the first floor with an enormous master bath with a jetted tub, double vanity, and large walk in closet. On the second level there are two bedrooms, a reading room or office, and another full bath. The windows are fitted with Delta Woods real wood blinds. The entire home has 3 thermostatically controlled conditioned air zones. Located on the 1st & 2nd floor, with 3rd being the sunroom. The 500 gallon (owned) & buried tank, supply the FP's & endless water system with availability for kitchen. This home was built with room for expansion for large multi-vehicle, RV's, with apartment if desired. WOW must see!
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| Jan 17, 2017 | Listed by Mountain Realty Group | $450,000 | |
| Listed by Mountain Realty Group | |||
| Jul 25, 2016 | Listed by Mountain Realty Group | $450,000 | |
| Listed by Mountain Realty Group | |||
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Beautiful Home in The Summit. This 3 brm 2.5 bath with a 2 car garage is in excellent condition. This is perfect house for a permanent home or would make super 2nd home or rental. The Summit is a great Subdivision in Sevier County. From the Granite counter-tops to the wood floors. Too many nice features to list. Sitting and Relaxing on the back deck will be a favorite spot for most. Private with a fireplace. The decking itself is maintenance free. Everything you need on the Main level. With the 2 car garage no stairs with plenty of parking. The master bed room and bath are spectacular. This is a great property and would make a great home for you.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017