3989 Wears Valley 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 |
|---|---|---|---|
| Dec 13, 2024 | Sold | ||
| Sold | |||
| Apr 24, 2024 | Listed by RE/Max First | $235,000 | |
| Listed by RE/Max First | |||
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WEARS VALLEY PRICE ADJUSTMENT WITH A VIEW! This newly updated home boasts modern upgrades and a prime location. With 2 bedrooms, 1.5 baths, and A1 zoning, this property is perfect as a second home, vacation getaway, or lucrative overnight rental. Additionally, there is a bonus room that could be used as an office, nursery, or whatever fits your needs. It is zoned A1 and would be perfect as a second home, vacation getaway, or lucrative overnight rental or annual rental. Furnishings are negotiable, items not included are the ottoman in the spare room, 2 side chairs in the livingroom and holiday items in the shed.
Enjoy breathtaking views from the back of the house, and for those hot summer days, you're just steps away from a community pool (admission fee required).
Updates include a new septic system installed in 2024 and a new roof in 2023.
Adjacent to this property,3969/3975 Wears Valley, is also available for purchase. .
Don't miss out on this affordable opportunity to own your piece of paradise in the stunning Wears Valley area!
The home does have a partial mobile home frame at the back of the house.
Home is being sold ''AS IS''
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| Oct 7, 2022 | Sold | ||
| Sold | |||
| Sep 21, 2022 | Listed by RE/Max First | $115,000 | |
| Listed by RE/Max First | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017