307 Spencer Rd
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 |
|---|---|---|---|
| Sep 12, 2024 | Sold | ||
| Sold | |||
| Jul 30, 2024 | In contract | - | |
| In contract | |||
| Jul 25, 2024 | Listed by RE/MAX Professional Associates | $375,000 | |
| Listed by RE/MAX Professional Associates | |||
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** Multiple offers received - Offer deadline: 6pm Monday July 29. ** Come home to 4+ acres of seclusion and privacy in scenic Oakham. Entertain friends and family in the kitchen, featuring granite counters that extend to the massive island flanking the spacious dining area. The first-floor main bedroom has its own attached bath and laundry. Two other bedrooms are upstairs, plus a small bonus room ideal for a home office. The unfinished walk-out basement has loads of potential. This neat home was formerly an equestrian property, with a 3-stall barn & 2 more stalls in the carriage-house/garage. There is a large cleared area that would be a nice paddock. No horse? No problem! The enormous back yard would make a great place to play whether you prefer horseshoes and corn hole or croquet - while the barn and garage space can be your amazing workshop and extra storage. Oakham has so much to offer - from the rail trail for hiking/cycling, to Quail Hollow Golf Course, to Agronomy Farm Vineyard.
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| Jun 26, 2020 | Sold | ||
| Sold | |||
| May 14, 2020 | Listed by RE/MAX Prof Associates | $284,900 | |
| Listed by RE/MAX Prof Associates | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017