38 Cambridge St.
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 16, 2024 | Sold | ||
| Sold | |||
| Jul 24, 2024 | In contract | - | |
| In contract | |||
| Jul 16, 2024 | Listed by Keller Williams Realty | $439,000 | |
| Listed by Keller Williams Realty | |||
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Lovingly cared for by the same owner for 37 years, this 3 bed, 2 bath Victorian perched up above the road has too many updates to list. Overlooking perennial beds, you’ll enter off the spacious farmers porch into a welcoming foyer & living room, complete w/ built-in bookshelves. Separate dining area, full bath w/ laundry, & updated EIK w/ granite & butcher block counters, ss appliances, custom cabinetry, and slider to rear patio round out the 1st floor. Upstairs you'll find 3 beds & 1 full bath (tub only but shower head could be added). Extra storage in unfinished basement & direct access from driveway for inclement weather. It will be easy to spend as much time outside as inside relaxing in the hot tub, picking raspberries, or under the carport nicknamed “puzzle port”, where the current owner spends many evenings with neighbors. Located on a quiet side street, yet only .3 miles to downtown Ayer and the commuter rail, come see for yourself just how special this home is! Don’t miss out!
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| Aug 28, 1987 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017