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3131 Bay Spring Drive
About This Property
All bedrooms located upstairs, including an oversized primary suite with a spacious bathroom featuring dual vanities, a soaking tub, and separate shower. 3 bedrooms and a full bath in between. Laundry room centrally located for easy access as well. Outside, enjoy your own private backyard oasis with a huge covered patio, 2 outdoor TVs, stamped concrete, and a sparkling pool-ideal for outdoor entertaining, bbq'ing and family pool gatherings! Don't miss this South Shore Village gem in a prime location with the best CCISD schools!
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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%.
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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 |
|---|---|---|---|
| Aug 22, 2025 | Sold | ||
| Sold | |||
| Aug 2, 2025 | In contract | - | |
| In contract | |||
| Jul 4, 2025 | Listed by eXp Realty, LLC | $405,000 | |
| Listed by eXp Realty, LLC | |||
| Feb 3, 2022 | Sold | ||
| Sold | |||
| Dec 13, 2021 | Listed by eXp Realty, LLC | $349,900 | |
| Listed by eXp Realty, LLC | |||
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Beautiful South Shore Village home in a fabulous location directly across the street from the community pool and park! This home has THE BEST outdoor living/entertainment area! Huge covered patio with stamped concrete and a beautiful pool. This backyard is your own private oasis! Inside the home is a wonderful open concept floor plan. All 4 bedrooms are upstairs. The home has been meticulously maintained and has cool perks such as an under-the-stairs clubhouse (or storage)! Improvements include a new hot water heater, roof is 7 years old, and NO FLOODING! Don’t miss this South Shore gem!
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About South Shore Village
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017