35 Concord Ln
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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 2, 2022 | No longer available | - | |
| No longer available | |||
| Aug 1, 2022 | Sold | ||
| Sold | |||
| Jun 16, 2022 | In contract | - | |
| In contract | |||
| Jun 3, 2022 | Listed by RE/MAX SELECT | $599,999 | |
| Listed by RE/MAX SELECT | |||
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Spacious, attractive and well maintained home in convenient location within popular Basking Ridge. Large, level lot with koy pond at the front of the home and fenced, in-ground pool at the rear. Oversize, level rear yard. Huge, updated kitchen with stainless steel appliances, double wall oven, 5 burner electric cooktop, subzero refrigerator and corian-type counters, this chefs kitchen will truly bring out the best cooking skills! Large family room overlooking the backyard is located between the first and second floors and has high ceilings that contribute to the airy gracious feel of this home. Glass doors lead into the living room which has a convenient gas insert along with dental molding, recessed lighting and hardwood floors. AC, furnace and hot water heater from 2013. Wired for generator. Electric panel upgraded in 2022. Home has a whole house attic fan. Replacement windows throughout the home. Hardwood floors in all bedrooms and main living areas. Easy access to shopping, restaurants and highway. The manager has listed the unit size as 2203 square feet.
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About Somerset
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017