34 Michael Way #34
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%.
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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 |
|---|---|---|---|
| Sep 25, 2020 | Sold | ||
| Sold | |||
| Jul 24, 2020 | Listed by RE/MAX Partners | $499,900 | |
| Listed by RE/MAX Partners | |||
| Feb 27, 2014 | Sold | ||
| Sold | |||
| Sep 20, 2013 | Listed by Better Homes and Gardens Real Estate - The Shanahan Group | $425,000 | |
| Listed by Better Homes and Gardens Real Estate - The Shanahan Group | |||
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Welcome home! Beautiful privately situated Townhome with style. Enter to marble foyer with lots of natural light from Palladium window above. Freshly painted interior with today's colors and shining hardwood floors. Fireplaced living room has French doors leading to private deck. Enjoy the kitchen with custom wood cabinets, granite countertops, stainless steel appliances, and great gas range. The kitchen flows beautifully into dining room for easy entertaining. Upstairs is the master bedroom with en suite bath including a wonderful Jacuzzi soaking tub. Two additional spacious bedrooms and a second full bath complete the guest area upstairs. Lots of closet space. Full basement, garage with easy kitchen access. Newer gas heating system, and new dishwasher. Recent updates to the complex include renovation of clubhouse and new roofing. Commuters will love the proximity to Rte 93 and Ballardvale Commuter Rail Station!
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Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
07/24/2020
|
3 Bed
|
4 Bath
|
2609 ft²
|
$499,900
3 Bed
4 Bath
2609 ft²
|
$515,000
+3.02%
09/25/2020
|
The Carroll Group
RE/MAX Partners
| |
|
09/20/2013
|
3 Bed
|
2 Bath
|
2026 ft²
|
$425,000
3 Bed
2 Bath
2026 ft²
|
$405,000
-4.71%
02/27/2014
|
June Burt
Better Homes and Gardens Real Estate - The Shanahan Group
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017