304 Eddy Road #201
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 |
|---|---|---|---|
| Dec 2, 2023 | No longer available | - | |
| No longer available | |||
| Nov 17, 2023 | No longer available | - | |
| No longer available | |||
| Oct 25, 2023 | Listed | $185,000 | |
| Listed | |||
| Sep 29, 2023 | Listed | $185,000 | |
| Listed | |||
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Nestled in the picturesque town of Edgecomb, Maine, this charming waterfront condominium offers a tranquil retreat on the famous Sheepscot River. Situated in the desirable Eddy Bay community, 304 Eddy Rd #201 offers not just a home but a lifestyle that celebrates the beauty of coastal living.Upon entering this meticulously maintained condominium, you'll be greeted by an inviting open-concept living area that seamlessly blends the kitchen, dining, and living spaces. Large windows flood the interior with natural lightThe real gem of this property is its proximity to the Sheepscot River. You'll have access to a private deep-water dock and mooring rights, making it ideal for boating, fishing, and exploring the scenic coastline. Imagine launching your kayak or paddleboard right from your doorstep and enjoying the wonders of the river.The Eddy Bay community also features well-maintained common areas, including a waterfront gazebo, picnic area, and beautifully landscaped grounds. It's a peaceful haven where you can relax and soak in the coastal ambiance.There is a restaurant on site as well as a dedicated rental management company if used as an investment propertyThis property is conveniently located just minutes from downtown Boothbay Harbor & Wiscassett, where you can explore shops, restaurants, and cultural attractions. Enjoy fresh seafood, browse local art galleries, or embark on a whale-watching excursion - the possibilities are endless.
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Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
01/07/2024
| |
1 Bed
|
1 Bath
|
571 ft²
|
$295,000
1 Bed
1 Bath
571 ft²
|
-
-
|
Kirstie Ransdell
Keller Williams - Greater Portland
|
|
09/29/2023
|
1 Bed
|
1 Bath
|
-
|
$185,000
1 Bed
1 Bath
|
-
-
|
John Hayes
Keller Williams - Greater Portland
| |
|
08/19/2023
|
1 Bed
|
1 Bath
|
285 ft²
|
$190,000
1 Bed
1 Bath
285 ft²
|
-
-
|
Kirstie Ransdell
Keller Williams - Greater Portland
| |
|
11/27/2022
|
1 Bed
|
1 Bath
|
-
|
$195,000
1 Bed
1 Bath
|
-
-
|
Kirstie Ransdell
Keller Williams - Greater Portland
| |
|
11/27/2022
|
1 Bed
|
1 Bath
|
-
|
$175,000
1 Bed
1 Bath
|
-
-
|
Kirstie Ransdell
Keller Williams - Greater Portland
| |
|
04/07/2020
|
1 Bed
|
1 Bath
|
-
|
$150,000
1 Bed
1 Bath
|
-
-
|
-
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Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017