3 Hemlock Lane
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 |
|---|---|---|---|
| Jun 6, 2023 | Sold | ||
| Sold | |||
| May 4, 2023 | In contract | - | |
| In contract | |||
| Apr 24, 2023 | Listed by Keller Williams Gateway Realty | $250,000 | |
| Listed by Keller Williams Gateway Realty | |||
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Welcome to Hemlock Lane~ a newly approved private two lot cul-de-sac subdivision in South Bellingham! 3 Hemlock Lane is a fantastic 1.25 acre Single Family lot abutting 200+/- acres of wooded conservation land. This premium site has undergone extensive improvements. Town Water and Sewer already available on-site. Initial clearing, grading, curb cuts and road work has been completed & paved. Utility poles recently installed for easy on-site power & internet service connection. Whether your dream home is a custom colonial or sprawling ranch, this parcel will accommodate many styles & sizes not to mention some nice sunsets and future curb appeal off the charts. Excellent commuter location in desirable Deer Run neighborhood close to schools, shopping, recreation and just minutes to Rte 495. Bring your builder & plans and take advantage of this truly unique opportunity to make this private cul-de-sac your new address today!
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| Jun 25, 2020 | Sold | ||
| Sold | |||
| Feb 27, 2001 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017