305 Lookout Drive
About This Property
Every detail has been lovingly crafted, from the double-layered floors that muffle sound to the beautiful freestanding high-efficiency wood-burning stove. The vaulted tongue-and-groove ceilings add a touch of rustic elegance, while the expansive decks beckon you to soak up the sun during summer barbecues with family and friends, all set against the stunning backdrop of Gold Mountain and majestic pines.
For those who crave adventure, 305 Lookout is a nature lover's paradise. Just a stone's throw from the national forest and some of the area's favorite hiking trails, your new home is the perfect launchpad for morning strolls or afternoon hikes. Embrace the great outdoors and create unforgettable memories in your very own backyard sanctuary!
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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 |
|---|---|---|---|
| Mar 19, 2025 | Sold | ||
| Sold | |||
| Feb 19, 2025 | In contract | - | |
| In contract | |||
| Feb 2, 2025 | Price Decreased |
$599,000
↓ $96K
(13.8%) | |
| Price Decreased | |||
| Dec 10, 2024 | Price Decreased |
$695,000
↓ $35K
(4.8%) | |
| Price Decreased | |||
| Aug 27, 2024 | Listed by Caliber Real Estate Group | $729,999 | |
| Listed by Caliber Real Estate Group | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017