37R Elm 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 |
|---|---|---|---|
| Jul 24, 2020 | Sold | ||
| Sold | |||
| May 21, 2020 | Listed by LAER Realty Partners | $799,900 | |
| Listed by LAER Realty Partners | |||
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Just blocks to "Old Town Center" featuring Marblehead's charming and historic past. This Cape has been expanded and fully renovated to include a garage, a brand-new kitchen with plenty of cabinetry, a breakfast bar, granite, large pantry, plus a beverage and wine center. The open and front-to-back living and dining room give a modern layout to a traditional style home. Completing the 1st floor is a 3/4 bath with a tiled shower and a bedroom that would make a great home office or den. Upstairs, the bedrooms offer more than ample closet space plus additional eave storage. The master bath features double sinks, tiled shower, and private water closet. Outside the front courtyard is charming and the maintenance-free rear deck is a great spot to enjoy the summer sun. This is as close to new construction in Old Town you will find with new Architecture Series Pella windows, high-efficient heating, central AC, on-demand hot water, roof, doors, and 200 amp electrical.
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| Mar 8, 2020 | No longer available | - | |
| No longer available | |||
| Jan 24, 2020 | Listed by RE/MAX Innovative Properties | $799,900 | |
| Listed by RE/MAX Innovative Properties | |||
| May 15, 2019 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017