311 Shore Drive
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 27, 2024 | Sold | ||
| Sold | |||
| May 15, 2024 | In contract | - | |
| In contract | |||
| May 8, 2024 | Listed by Keller Williams Gateway Realty/Salem | $1,600,000 | |
| Listed by Keller Williams Gateway Realty/Salem | |||
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Don't miss out on this rare opportunity to own a waterfront home in Salem, NH. Whether you're seeking a serene retreat or a place to create lasting memories with family and friends, this home offers the ultimate lakeside lifestyle. Nestled in a serene cove, this beautiful home has 100' of water frontage, and it offers the perfect blend of tranquility and luxury. As you step inside, you're greeted by an inviting open floor plan flooded with natural light, creating a warm and welcoming atmosphere. The spacious living area seamlessly flows into the dining area and kitchen, making it ideal for entertaining guests or simply enjoying quiet evenings at home. The primary bedroom suite is a true retreat, featuring a Juliet balcony where you can savor breathtaking views of the tranquil pond and its stunning sunrises. Downstairs, the finished walkout basement provides additional space for recreation. Step outside and unwind in the hot tub, while soaking in the mesmerizing sights and sounds of the lake. Boasting a large, reconfigurable dock, this home offers endless opportunities for waterfront enjoyment. Arlington Pond is fully recreational and is renowned for its Fourth of July celebration and boat parade, plus its picturesque island perfect for grilling and beach outings. With a marina on the water, you can easily refuel your boat & grab snacks for endless adventure on the water. Schedule your private tour today and experience waterfront living at its finest!
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| Oct 20, 2022 | Sold | ||
| Sold | |||
| Aug 3, 2022 | Listed by Jill & Co. Realty Group | $1,399,900 | |
| Listed by Jill & Co. Realty Group | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017