Newfound Lake: First time to market. The discerning buyer will
appreciate this meticulously updated and maintained one-owner 3,346
sq.ft. 3 BR, 3.5 Bath stand-alone condominium home with lake and
mountain views. You will find graceful living and recreation here.
Sunny, open plan living area features gas fireplace, hardwood
floors throughout, insulated 3-season sunroom and sliders to Trex
deck on the lakeside. Corian-type kitchen counters offer a
breakfast bar and plenty of storage. Newly carpeted 1st floor
master BR suite features a beautiful bathroom and walk-in closet.
Upper floor features two large bedrooms, loft and full bath. Garden
level offers large sunken family room with gas stove hearth, study,
wet bar, workshop, laundry and three qtr. bath. The 2 car garage is
finished, fully insulated with storage above. Recreational
facilities include Har-Tru tennis courts, day dock & moorings. You
will be proud to call this property home. Come enjoy everything
Newfound Lake has to offer.
Unit Size
3,346 Ft²
Days on Market
-
Land Size
66.00 acres
Price per sqft
$194
Property Type
Condo
Property Taxes
$442
HOA Dues
$333
Year Built
1988
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier)
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.
Location: From Exit 23, I-93, go W on Rte. 104 to Bristol then N on Rte. 3A along Newfound Lake to Whittemore Pt. Rd. S. Turn L. Continue to Whittemore Shores Condominium, turn L. Take 2nd R on Algonquin Path continue to #47 on L just before cul-de-sac. No sign.
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