305 Central Avenue
About This Property
Payment Calculator
Your Estimated Monthly Payment
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 |
|---|---|---|---|
| Dec 1, 2023 | Sold | ||
| Sold | |||
| Sep 5, 2023 | Listed by Compass | $1,800,000 | |
| Listed by Compass | |||
| | |||
|
Welcome to 305 Central Ave in Wilmette - a symphony of classic allure and modern upgrades harmonizing to create your perfect haven. With a gracious seven bedrooms and seven and a half baths, this home redefines comfort and luxury at every turn. The primary suite features two bathrooms, one with vaulted ceiling and heated floors. The lower level includes a luxurious guest suite with fireplace, sitting area and walkout to garden. Live your best life with sauna and steam room. Your guests may never leave! Perfectly situated in a premier Wilmette locale, mere steps from Gillson Park's idyllic landscapes, the pristine beach, and charming Wilmette Harbor. Notably, the vibrant downtown, replete with an array of enticing restaurants, quaint shops, and the convenience of the UP North line Metra, and Linden EL beckons just moments away. To crown it all, this residence boasts an impressive array of recent improvements. A new roof installed in 2021 ensures peace of mind and protection for years to come. The new bluestone entry stairs, complete with a snow-melt system, create both elegance and practicality. The addition of a garden irrigation system in 2022 guarantees that your outdoor oasis thrives effortlessly. And the brand-new whole-home generator, installed in 2023, stands ready to power your life even during the harshest of weather. 305 Central Ave transcends the ordinary - it's a lifestyle, an immersion into the essence of Wilmette. Come, experience the symphony of comfort, convenience, and luxury that awaits within these walls. Your new chapter begins here.
| |||
| Dec 1, 2021 | Sold | ||
| Sold | |||
| Aug 28, 2021 | Listed by Baird & Warner | $1,395,000 | |
| Listed by Baird & Warner | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017