4 Chestnut Street
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 |
|---|---|---|---|
| Feb 6, 2014 | Sold | ||
| Sold | |||
| Oct 8, 2013 | Listed by MerryFox Realty | $729,000 | |
| Listed by MerryFox Realty | |||
| Oct 1, 2010 | Listed by Coldwell Banker Residential Brokerage - Salem | $1,100,000 | |
| Listed by Coldwell Banker Residential Brokerage - Salem | |||
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Total renovation too extensive to list but highlights include: formal rooms re-plastered, fan windows above front, hall & kitchen doors completely rebuilt, custom built marble baths w/designer finishes & granite kitchen, all floors refinished, complete new wiring and plumbing, fireplaces rebuilt & capped with copper, 100 panes of window glass replaced, storm windows/Indian Shutters rebuilt, new brick driveway & patio w/new drains, full outdoor designer kitchen, new utility service, wine cellar.
| |||
| Mar 18, 2004 | Sold | ||
| Sold | |||
| Oct 2, 2003 | Listed by MerryFox Realty | $749,000 | |
| Listed by MerryFox Realty | |||
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