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318 Rachaels Way
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 |
|---|---|---|---|
| Oct 14, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Oct 13, 2026 | Listed by RE/MAX Lakeshore | $799,900 | |
| Listed by RE/MAX Lakeshore | |||
| Jul 21, 2026 | Price Decreased |
$799,900
↓ $50K
(5.9%) | |
| Price Decreased | |||
| Jun 11, 2026 | Listed by RE/MAX Lakeshore | $849,900 | |
| Listed by RE/MAX Lakeshore | |||
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Welcome home to this beautifully renovated Victorian in the heart of Spring Lake, where historic charm and modern comfort come together to create an exceptional year-round living experience. From the moment you step inside, you'll appreciate the meticulous craftsmanship and original architectural details that have been thoughtfully preserved throughout the home. Intricate woodwork, elegant archways, and timeless character blend seamlessly with stylish updates designed for today's lifestyle. The gourmet kitchen serves as the heart of the home, featuring high-end appliances, quality finishes, and functional spaces perfect for everything from daily meals to entertaining family and friends. The spacious primary suite offers a peaceful retreat at the end of the day, while the luxuriously updated bathrooms provide both comfort and sophistication. Every room reflects a careful balance of classic elegance and modern convenience. Ideally located in the heart of Spring Lake, this home is situated on a double lot, and places you within walking distance of local restaurants, shops, entertainment, parks, and the waterfront. Whether you're enjoying a morning stroll, meeting friends for dinner, or taking in the beauty of the lake, you'll love the convenience and sense of community this location provides. Offering timeless Victorian charm, thoughtful renovations, and an unbeatable location, this exceptional property is ready to welcome you home.
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| Sep 5, 2023 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017