38 Menotomy Road #2
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 |
|---|---|---|---|
| Jul 29, 2022 | Sold | ||
| Sold | |||
| Jun 24, 2022 | Listed by RE/MAX Destiny | $845,000 | |
| Listed by RE/MAX Destiny | |||
| | |||
|
Sunny 2-level condo in a prime Arlington Heights location. With over 2,000 sq ft of living space, this 8 room 2 bath home also has exclusive-use outdoor space - a bluestone patio to unwind, and sculpted tiered dry stone beds for gardening. There are 6 rooms on the main level, plenty of space for entertaining, relaxing, or working. The modern eat-in kitchen is thoughtfully laid out with loads of counter and storage space. Also on this level are living, dining, and family rooms, 2 bedrooms, full bath, and screen porch. Upstairs are 2 bedrooms, second full bath, and laundry with full sized washer/dryer. If you’ve ever complained about lack of closet space this condo has you covered with several roomy closets including a large walk-in, and finished knee-wall areas. Other features include mini-splits to keep you cool in the summer, 2 parking spaces including a garage space, and Harvey wood replacement windows throughout. All this in a great Brackett School neighborhood a block to Mass Ave.
| |||
| Jun 25, 1999 | Sold | ||
| Sold | |||
| May 14, 1999 | Listed | $269,000 | |
| Listed | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
06/24/2022
|
4 Bed
|
2 Bath
|
2046 ft²
|
$845,000
4 Bed
2 Bath
2046 ft²
|
$835,000
-1.18%
07/29/2022
|
Noemia Alves
RE/MAX Destiny
| |
|
05/14/1999
|
3 Bed
|
1 Bath
|
2025 ft²
|
$269,000
3 Bed
1 Bath
2025 ft²
|
$279,000
+3.72%
06/25/1999
|
Karen Lilley
KL Real Estate
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017