347 Adams Drive
About This Property
design..(continued) The adjoining dining area is surrounded by original tongue and groove, knotty pine paneling. There are 3 bedrooms on one side of the home.. including the designated master suite. The master bath offers mid-century styling with a mint green tiled shower, indicative of the era. When it came to the guest bath, the owners gutted the space and made it their own.. 2 person shower with glass enclosure. The original carport was converted into a MASSIVE 4th bedroom with 3 closets.. and a gas fireplace. The 3rd closet, previously mentioned, is the size of a small bedroom! Nothing cookie cutter about this house! Step outside and enjoy backyard serenity from your super-sized screened in backporch.. or grill some steaks under your covered open patio. Storage shed is equipped with electric but conveys "as-is". Worry-free city water/city sewer.. and steps away from the local elementary school. This one is priced to move. Make your appointment today!
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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 |
|---|---|---|---|
| Sep 14, 2021 | Sold | ||
| Sold | |||
| Jul 2, 2021 | No longer available | - | |
| No longer available | |||
| Jun 30, 2021 | Listed by ERA American Real Estate | $237,500 | |
| Listed by ERA American Real Estate | |||
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BACK ON THE MARKET.. no fault of sellers! NEWLY RENOVATED..ADAMS-POWELL.. 4 BR/2 Bath..BRICK.. HARDWOOD FLOORS.. and this one sits on more than half an acre! Tired of the same old floorplan.. on a tiny lot.. with zero trees? Me too! This home is surrounded by azaleas, red oaks, dogwood, hydrangeas and the most beautiful Japanese Magnolia that produces clouds of color and fragrant blooms each year. Much attention was given to preserving the original character of the home, while also adding modern conveniences. Hardwood flooring was refinished throughout the home (and remains intact under carpeted areas). The kitchen was reconfigured.. preserving some of the original cabinetry.. while incorporating modern farmhouse design..(continued) The manager has listed the unit size as 2048 square feet.
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| Jun 16, 2021 | Listed by ERA American Real Estate | $237,500 | |
| Listed by ERA American Real Estate | |||
| Oct 26, 2012 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017