331 Lake Street
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 |
|---|---|---|---|
| Aug 22, 2024 | Sold | ||
| Sold | |||
| Jul 15, 2024 | In contract | - | |
| In contract | |||
| Jul 10, 2024 | Listed by Compass | $1,099,000 | |
| Listed by Compass | |||
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Welcome to 331 Lake Street, a beautiful home that boasts 4 bedrooms, 2.5 bathrooms, and is situated on a 10k+ lot! The interior features beautiful woodwork and intricate details, complemented by a spacious primary suite with a walk-in closet. The third floor boasts a beautifully renovated space with a bedroom, sitting area, and exposed beams. A completely renovated enclosed porch leads down to a patio area that is perfect for outdoor entertaining. Sprawling yard with lush gardens and landscaping including raised garden beds, fruit trees, blooming wisteria, and even a fountain! Ideal for commuters, this home has convenient access to the highway and Alewife T-Station, with Cambridge and Boston just moments away. Many updates including 200 amp electrical, high efficiency low-e glass windows, newer gas line, and so much more! Seasonal water views. Don't miss the opportunity to experience the timeless charm and modern convenience of this remarkable property.
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| Aug 27, 2009 | Sold | ||
| Sold | |||
| Mar 27, 2009 | Listed by Compass | $479,000 | |
| Listed by Compass | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017