3 Covered Bridge Lane
About This Property
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Cap Rate Calculator
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 | |||
| Feb 27, 2024 | Listed by KW Coastal and Lakes & Mountains Realty | $787,500 | |
| Listed by KW Coastal and Lakes & Mountains Realty | |||
| Oct 28, 2019 | No longer available | - | |
| No longer available | |||
| Sep 7, 2019 | Price Decreased |
$469,500
↓ $26K
(5.2%) | |
| Price Decreased | |||
| Aug 26, 2019 | Listed | $495,000 | |
| Listed | |||
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This Lodge Log home is a one of a kind! Log homes leave a lasting impression and 3 Covered Bridge Lane is no exception!! The open kitchen/dining/living area is a view to behold with its cathedral ceilings and a wall of windows overlooking the peaceful Cocheco River. If that isn't enough, the stone chimney in the center of the home runs two levels from the living room to the loft and is a focal point from almost every space. The master bedroom on the second level is a grand room and has lofted ceilings, a sitting area, a gas stove, a deck of its own and lighted eve storage. The master bath has a 3/4 shower, soaking tub and heated towel rack. The kitchen has ample cabinet space, Corian countertops and tiled floors. All wood floors throughout the home are Mirage. The basement is partially finished and has radiant tiled heat in the floors and could easily be used as a playroom or media room. It also has a wood stove, two separate storage areas and a covered deck with views of the Cocheco. The main deck is Trex and wraps around 3/4 of the home and is wide enough for loads of summer fun and entertaining. If this isn't enough and you need more space for an additional bedroom, man cave, artist studio or in-law apartment, all you need to do is finish off the space over the garage. If your tired of looking at cookie cutter homes, you want privacy or you want to boat, fish or kayak from your very own home or all of the above, this home should not be overlooked!! The manager has listed the unit size as 2513 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017