422 GINN LN
About This Property
NEW PRICE: $1,500,000
Fabulous water views from every room in the house! 1.97 acre property *Private and secluded waterfront with 271 feet of water frontage ( hard to find) . Private sandy beach and lots of extra lawn space for volleyball, corn hole and waterfront bon fires* * 8 ft mean low water, bring your big boat * Pier with 4 boat slips/ including (2) 15,000lb lifts (1) 30,000lb lift. * Pier has water and electric * Large waterside, storage shed with electric * Kayak Rack * Boat trailer storage * Graded trail from house the waterfront/ drive your golf cart down *
Home has 3709 sq. feet of living space * 2 Master bedrooms one on the 1st floor and one on the 3rd floor* The 1st floor Master has it's own entrance to the outside.*Soaring 2-story ceiling in the dining room /fits table for 8-10/ floor to ceiling windows * Sub zero fridge *Viking stove * Kitchen island w/ seating for 6 * Wood burning fireplace in kitchen * Sliding doors to deck * Dining room fits table for 8-10, more water views *Living room with floor to ceiling windows that have awesome water views, wood burning fire place*
2nd Master Bedroom on 1st level w/ walk out to brick patio * 1st level family room with access to brick patio.
Solar panels owned by sellers * Energy stored in TESLA batteries that provide electric for Electric Vehicle charging station, lowers homes energy bills, and kicks on to provide electric in case of a power failure.
Level 2 Electric Vehicle Charging station w/ 220 volt.
Lawn Irrigation system, several storage sheds.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Oct 3, 2024 | Sold | ||
| Sold | |||
| Sep 2, 2024 | In contract | - | |
| In contract | |||
| Aug 31, 2024 | Price Decreased |
$1,500,000
↓ $200K
(11.8%) | |
| Price Decreased | |||
| Jun 1, 2024 | Price Decreased |
$1,700,000
↓ $250K
(12.8%) | |
| Price Decreased | |||
| Feb 21, 2024 | Listed by Samson Properties | $1,950,000 | |
| Listed by Samson Properties | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017