397 Far Reach Road
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 |
|---|---|---|---|
| Jun 25, 2025 | Sold | ||
| Sold | |||
| Jun 3, 2025 | In contract | - | |
| In contract | |||
| May 28, 2025 | Listed | $2,695,000 | |
| Listed | |||
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Tastefully updated & proudly maintained Hip Roof Colonial set on 1.63± park-like acres with stunning yard located in prestigious "High Ridge Estates". This bright, southwest facing home checks all the boxes including a dramatic two-story foyer, elegant living room with fireplace, formal dining room, home office, two half baths & an expansive vaulted ceiling family room with gas fireplace, adjacent cook's kitchen & dining area leading to a composite deck. The second floor offers a luxurious primary bedroom with dressing room, an updated hotel-inspired bath plus three additional bedrooms & two full baths. The third floor is complete with a large bedroom/recreation room with skylights & walk-in closet. Incredible walk out finished lower level (1784± SF) with kitchenette, bedroom, gym, recreation room & full bath - ideal for teens, in-laws or au-pair suite. This desirable location provides easy access to Westwood center, Pine Hill school, Needham, I-95/93, Boston & Logan Airport.
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| Apr 16, 2008 | Sold | ||
| Sold | |||
| Aug 12, 2004 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017