29 Mills Terrace
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 |
|---|---|---|---|
| Nov 21, 2024 | Sold | ||
| Sold | |||
| Sep 19, 2024 | In contract | - | |
| In contract | |||
| Sep 3, 2024 | Listed by Coldwell Banker Realty - Marblehead | $2,975,000 | |
| Listed by Coldwell Banker Realty - Marblehead | |||
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This breathtaking home offers unparalleled living on the Nahant coast. Gaze out at 180-degree ocean views across the open ocean to the Boston skyline, and no neighbors in your sightline. This 5 BR 4 BA home was gutted in 2012 and built with the highest standards. Radiant heat throughout, custom lighting and a coffered beamed ceiling add architectural detail to the kitchen and living area. Wide plank walnut and porcelain flooring on the main level complement the gourmet kitchen, featuring an 8 ft island and high-end appliances. Entertain in style on the bluestone patios or 3 decks, or cozy up by the Italian tiled gas fireplace. The 3 main bedrooms have ocean views and decks. There are gorgeous baths with Carrara marble and wet style vanities, and potential for first floor bedrooms. A finished suite over the garage with heat/A/C is ideal for a home office or guests. 2 car heated garage and 6 car parking. Professionally architected landscaping and irrigation with lighting on .20 acres.
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| Oct 28, 2011 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017