38 Phillips 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%.
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 22, 2024 | Sold | ||
| Sold | |||
| Jun 5, 2024 | Listed by Options Real Estate Services, LLC | $589,900 | |
| Listed by Options Real Estate Services, LLC | |||
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Welcome to this inviting and comfortable home featuring many renovations and important updates-see attached upgrades page. The home is set on a lovely side street in a desirable North Salem location near the Peabody line and all Salem offers. Owner's pride is evident in this well maintained home offering an eat in kitchen, dining room & newly renovated front to back living room; a brand new full bath on level one, fresh neutral color palette throughout, beautiful hardwood flooring, fireplace and crown molding adds charm to the living and dining rooms. If you love outdoor living, exit through the French doors to your extended living space featuring a newly installed, maintenance-free deck with built in outside tv overlooking a spacious patio and well manicured fenced yard. Upstairs hosts 3 bedrooms, a front to back primary bedroom & full bath with ample storage. Conveniently located within approx. 3 miles to highway access and 1 mile to the commuter rail and thriving historic downtown.
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| Mar 27, 2006 | Sold | ||
| Sold | |||
| Oct 4, 2005 | Listed by Options Real Estate Services, LLC | $319,000 | |
| Listed by Options Real Estate Services, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017