39 Eastern Point #39
About This Property
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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 |
|---|---|---|---|
| Apr 14, 2020 | Sold | ||
| Sold | |||
| Jul 18, 2019 | Listed by Coldwell Banker Realty - Worcester | $419,895 | |
| Listed by Coldwell Banker Realty - Worcester | |||
| | |||
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Waterfront complex in Shrewsbury! Eastern Point homes are good for the soul, practical for many but the opposite of cookie-cutter! This 2 bed, 3.5 bath unit has a unique layout with a full bath for each bedroom, which feature Brazilian cherry wood floors. It has a large loft on the third floor, and a beautifully finished walkout lower-level, complete with Murphy Bed and full bath (with radiant heat flooring) to make hosting a breeze! This unit has a garden area outside that not many units have, in addition to the sun room which fills the unit with light, and yet has plenty of privacy. Association has beautiful pool, has a club house with grills, chairs, tables and umbrellas and it’s right on the water! Unit has central vac. Too many closets to count.This complex is just minutes from Lakeway Commons, the latest shopping plaza in Shrewsbury, complete with Whole Foods and more! Low tax rate in Shrewsbury helps keep taxes low! Close to UMass also.
| |||
| Feb 28, 2000 | Sold | ||
| Sold | |||
| Nov 18, 1999 | Listed | $215,000 | |
| Listed | |||
| Jul 9, 1996 | Sold | ||
| Sold | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
07/18/2019
|
2 Bed
|
4 Bath
|
2700 ft²
|
$419,895
2 Bed
4 Bath
2700 ft²
|
$400,000
-4.74%
04/14/2020
|
Matthew Heisler
Heisler & Mattson Properties
| |
|
11/18/1999
|
3 Bed
|
3 Bath
|
1950 ft²
|
$215,000
3 Bed
3 Bath
1950 ft²
|
$215,000
02/28/2000
|
Jerry Bluhm
RE/MAX Executive Realty
| |
|
04/01/1996
|
3 Bed
|
3 Bath
|
1916 ft²
|
$169,900
3 Bed
3 Bath
1916 ft²
|
$165,000
-2.88%
07/09/1996
|
Candy Owen
LAER Realty Partners
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017