32 Timber Lake 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 26, 2024 | Sold | ||
| Sold | |||
| May 9, 2024 | In contract | - | |
| In contract | |||
| Apr 24, 2024 | Listed by Country House Realty Inc | $525,000 | |
| Listed by Country House Realty Inc | |||
| | |||
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Nestled amidst 5.73 acres of tranquil forest, this 2007-built sanctuary offers a serene retreat. A new on-demand furnace, modern insulation, double-paned windows, and a dry basement make this an ideal, easy to manage primary or secondary home. A long driveway ensures privacy from the road, providing peaceful surroundings where neighbors can be neither seen nor heard. There is plenty of grassy yard to the front of the house for outdoor fun. Stepping inside, you're greeted by a welcoming foyer with a convenient coat closet and space for a bench. Two bedrooms flank the entrance and have easy access to the first bath. Entering the expansive main living area, your gaze is drawn upward to the soaring ceiling, illuminated by south-facing windows and a skylight. A propane fireplace adds warmth and charm, while sliding doors lead to the inviting deck, seamlessly blending indoor and outdoor living. The recently upgraded kitchen has granite countertops, a tile backsplash, and ample natural light. Adjacent to the kitchen, the dining area features a charming over-table light fixture and ample space to accommodate gatherings, with room for a table for eight and the flexibility to expand further. Retreat to the primary bedroom, where a king-size bed awaits amidst ample closet space. The en suite bath has a new vanity and a well-maintained shower stall. Upstairs is currently set up as a den. Modify to fit an overflow bedroom, home office, playroom area or whatever arrangement is needed. The propane furnace was replaced in late 2023. Mini-splits were recently added for A/C. Outside, a wrap-around porch envelops three sides of the home, while the spacious back deck beckons for al fresco entertaining. A 5 minute walk leads to the 26-acre lake, which offers a picturesque spot for swimming or launching non-motorized watercraft from the inviting beach area and docks. Homeowners can leave your canoe or kayak at the lake for effortless enjoyment.
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| Oct 25, 2019 | Sold | ||
| Sold | |||
| Aug 13, 2019 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017