297 MEANY RD
About This Property
The front part of the original house dates back to 1850 with additions put on in the 1930s and 2009 to make it the home it is today. The first floor offers a living room, dining room, kitchen, and family room plus a full bath. The kitchen has birch cabinets, a working island, and a full appliance package. The second floor has all 4 bedrooms and two full bathrooms including a laundry area plus a fully floored walk-up attic for plenty of storage. Amenities include 200 amp electric service, wood flooring, ceiling fans, oil heat with wood backup, and a detached 2 car garage. Great location with easy access to shore points and the Joint Military Base.
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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 |
|---|---|---|---|
| Aug 23, 2021 | Sold | ||
| Sold | |||
| Jul 26, 2021 | No longer available | - | |
| No longer available | |||
| Jun 1, 2021 | Listed by RE/MAX at Home | $379,900 | |
| Listed by RE/MAX at Home | |||
| Jul 25, 2014 | Sold | ||
| Sold | |||
| Mar 29, 2014 | Listed by Keller Williams Realty - Medford | $159,900 | |
| Listed by Keller Williams Realty - Medford | |||
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Handyman alert! The BEST of two worlds: a super-low price for a home on 2 acres in a location that's close the the Maguire-Ft Dix Megabase--and with a large extension just ready to be finished off. Perfect for the person looking for lots of living space, plenty of parking or outdoor recreation. The original home has two bedrooms, one full bath, a large living room, dining room and kitchen. The owner then had an extension added that is fully roofed and framed, with much of the interior flooring, plumbing, electrical & windows already done. When you finish this, you will have two more huge bedrooms, two more full baths, an enormous family room and laundry room. You can then enjoy this as one large home, or as one with separate quarters for an in-law. The two-car garage has an automatic door opener, and the roof is newer. The price has just been significantly lowered, and while not a short sale at listing price, any sale for much less than list could possibly trigger a short sale. Come see it today!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017