35 Mountain Lea #D
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 |
|---|---|---|---|
| Apr 3, 2024 | No longer available | - | |
| No longer available | |||
| Dec 28, 2023 | No longer available | - | |
| No longer available | |||
| Dec 28, 2023 | Listed | $499,000 | |
| Listed | |||
| Oct 6, 2023 | Price Decreased |
$549,900
↓ $35K
(6%) | |
| Price Decreased | |||
| Jul 28, 2023 | Listed | $585,000 | |
| Listed | |||
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Exquisitely maintained two bedrooms, two-and-a-half bath condominium in the charming Hilltop neighborhood of Sapphire Valley. Enjoy breathtaking vistas of Fairfield Lake, awe-inspiring rock formations, and the majestic mountains in the backdrop. The residence boasts a large bonus room/ office space on the lower level opening to a peaceful stone patio in the backyard. The main level cover deck is the perfect spot to enjoy the view. If you want convenient access to swimming, paddle boarding, boating, or hiking, this location is tailor-made for you! This unit is offered fully furnished, allowing you to move in effortlessly and relish the refreshing mountain summers. Numerous family-friendly and gourmet restaurants are within close proximity. Ownership grants you access to Sapphire Valley's amenities including golf, tennis, a fitness center, indoor/outdoor pools, and more! Whether you want a perfect getaway, a full-time residence, or a rental unit, this property is ideal.
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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 |
|---|---|---|---|---|---|---|---|
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07/28/2023
|
2 Bed
|
2.5 Bath
|
-
|
$585,000
2 Bed
2.5 Bath
|
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-
|
John Muir
Berkshire Hathaway HomeServices Meadows Mountain Realty - HF
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Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017