45 Indian Ledge Drive #3
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 |
|---|---|---|---|
| Oct 2, 2022 | No longer available | - | |
| No longer available | |||
| Sep 23, 2022 | Listed | $334,900 | |
| Listed | |||
| Mar 8, 2022 | No longer available | - | |
| No longer available | |||
| Mar 2, 2022 | Listed | $270,000 | |
| Listed | |||
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Beautifully appointed and tranquil water view condo located on the Mousam River, just a short stroll to downtown Springvale. This townhouse has all of the wonderful attributes of simple and convenient Maine living. The first floor bedroom with ensuite bathroom and a private screened porch is ideal for anyone downsizing, or who may want the option of first-floor living in the future. Sit by the wood burning fireplace located in the open concept living room and enjoy beautiful views toward the river. The lofty living room freely flows into the dining room with yet another screened porch and spacious outside deck, giving the 1st floor a great feel of airiness and grandeur. The wide staircase enjoys plenty of natural sunlight that pours in from several skylights making the 2nd floor feel expansive and bright. The second bedroom with its large adjacent space can be configured as an office, library, playroom, or any other flexible modern use of space as you wish. Beyond the fourwalls of the unit, the condo association owns a small sliver of waterfront on the river, where the Maine wildlife abounds. Sit and let the worries pass you by in the natural beauty of the riverfront, yet knowing the town is just a couple of minutes away.
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Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
09/23/2022
|
2 Bed
|
3 Bath
|
-
|
$334,900
2 Bed
3 Bath
|
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-
|
Patti-Ann Fortier
RE/MAX Shoreline
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03/02/2022
|
2 Bed
|
3 Bath
|
-
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$270,000
2 Bed
3 Bath
|
-
-
|
Jan Kovarik
Legacy Properties Sotheby's International Realty
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Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017