3285 Round Lake Highway
About This Property
The Guest House presents versatile space as an addition that was added about 5 years ago to the garage. Above the garage you will find a heated studio layout with several windows, a convenient half bathroom, and an expansive deck where you can sit with friends and embrace the beautiful lake views. The main level holds a guest suite with a heated bedroom, closet, and full bathroom. There is also a large storage room that features a sizable window that gives this space tons of natural light. Just North of the Guest House is a lot that would be perfect for additional parking or playing outdoors. Don't let this lakefront gem slip away - schedule your showing today!
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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 |
|---|---|---|---|
| Aug 15, 2024 | Sold | ||
| Sold | |||
| Jul 8, 2024 | In contract | - | |
| In contract | |||
| Jun 19, 2024 | Price Decreased |
$724,900
↓ $24K
(3.2%) | |
| Price Decreased | |||
| Apr 26, 2024 | Listed by RE/MAX IRISH HILLS REALTY | $749,000 | |
| Listed by RE/MAX IRISH HILLS REALTY | |||
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Sunset Lodge! Same family owned & loved for over a century. Incredible setting includes 3 lots! This gem, lovingly restored & modernized, exudes charm, honoring its history & celebrating today's lakeside lifestyle. Devils Lake prime, main lake beach with best sunset & fireworks views, hard packed sandy beach & private end of the road setting! The interior is your perfect up north lake cabin, with 3 beds, 2 full baths. Hardwood & custom carpentry combine to create seldom seen ambiance. Open floor plan includes Living room, dining room & enclosed year round porch. Lakeside views are seen from the enclosed porch, romantic lakeside stone patio & winding steps leading to your perfect beach! Amazing guest house features great room/studio with cathedral ceiling measuring 30 x 24 plus half bath. Large deck/balcony overlooking lake. Main level includes another studio plus bedroom and full bath. Oversized garage with room for cars & lake toys.
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| Apr 1, 2024 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017