40 W Pinemont Drive
About This Property
To the front of the home is TRA property and Subdivision Park. This 3 Brm, 2 bath home offers Living area with high ceiling, wood burning fireplace and wood walls to give you a lodge effect. The roof is approximately 6 years old and there were additional updates done to the kitchen, storage building and CAH at the same time.
Primary bath has a jacuzzi tub. Outside there is a covered patio, storage building plus home sits on an interior pond. Located at end of the street this home will offer you that tranquil lake setting you have been searching for at a reasonable price. Subdivision has a club house with patio area, and fishing pier. Lake access is nearby.
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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 |
|---|---|---|---|
| Nov 27, 2023 | Sold | ||
| Sold | |||
| Sep 3, 2023 | Listed by RE/MAX 5 Star Realty | $245,000 | |
| Listed by RE/MAX 5 Star Realty | |||
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Welcome to 40 W Pinemont located in the quiet community of Forest Cove. This beautiful home sits adjacent to the canal where you can fish from your own yard. The land in front of the home is owned by TRA so you get the enjoyment of use without the hassle of maintenance. Lake Livingston is surrounded by 4 cities and during the holidays you will love seeing all of the fireworks across the expansive skyscape. Enjoy beautiful sunrises and sunsets while taking in the fresh country air. The primary room features a large jetted tub so you can soak all or worries away. The interior wood finishes add warm tones, the vaulted ceiling and large picture windows bring in the natural light. The club house is close by, it can be rented out for gatherings and has a pier that can be used for fishing as well. With so much to love, you will want to come see this lake home for yourself in person!
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| Sep 9, 2020 | Sold | ||
| Sold | |||
| Aug 1, 2020 | Listed by Country World Realty, LLC | $169,500 | |
| Listed by Country World Realty, LLC | |||
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Great Lake Livingston canal front home. This home is located beside canal that feeds into Lake Livingston.
To the front of the home is TRA property and Subdivision Park. This 3 Brm, 2 bath home offers Living area with high ceiling, wood burning fireplace and wood walls to give you a lodge effect. The roof is approximately 6 years old and there were additional updates done to the kitchen, storage building and CAH at the same time.
Primary bath has a jacuzzi tub. Outside there is a covered patio, storage building plus home sits on an interior pond. Located at end of the street this home will offer you that tranquil lake setting you have been searching for at a reasonable price. Subdivision has a club house with patio area, and fishing pier. Lake access is nearby.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017