312 Spreading Oak ST
About This Property
Built in 2019, this property boasts modern features and a welcoming ambiance. The cute curb appeal is enhanced by a beautifully landscaped front yard, a spacious deck for morning coffee, and a large fenced backyard ideal for outdoor gatherings and relaxation. Inside, the open concept living area offers plenty of natural light and a warm, inviting atmosphere. The kitchen features stainless steel appliances and ample counter space, making it perfect for cooking and entertaining. The primary suite includes a private bath while the 2 additional bedrooms share a well appointed second bathroom. The back deck offers a perfect spot for evening relaxation or weekend barbecues, with plenty of space for outdoor furniture and activities. With it's proximity to to Lake Somerville, this home offers the perfect blend of comfort, convenience, and outdoor living. Whether you are looking for a full-time residence or a weekend getaway, this property is a must-see!
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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 |
|---|---|---|---|
| Nov 15, 2024 | Relisted | $205,000 | |
| Relisted | |||
| Nov 12, 2024 | In contract | - | |
| In contract | |||
| Aug 20, 2024 | Listed by Keller Williams Realty | $205,000 | |
| Listed by Keller Williams Realty | |||
| Jul 31, 2020 | Sold | ||
| Sold | |||
| Jan 15, 2020 | Listed by Walsh &Mangan Premier RE Group | $159,900 | |
| Listed by Walsh &Mangan Premier RE Group | |||
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CALLING ALL LAKE LOVERS! This new construction is perfect for your weekend get-away or a forever home. 3 bedrooms 2 bathrooms on a large quiet lot. Less than 2 minutes from Lake Somerville.
Somerville Place Subdivision offers a community pool.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017