48 Spy Pond Lane
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 |
|---|---|---|---|
| Nov 16, 2022 | Sold | ||
| Sold | |||
| Oct 26, 2022 | In contract | - | |
| In contract | |||
| Oct 20, 2022 | Listed by Senné | $799,000 | |
| Listed by Senné | |||
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If you’re looking for an ideal location near the edge of Spy Pond, you have found it! Close enough to the vibrancy of Capitol Square in East Arlington, yet just far enough to enjoy a private and tranquil setting. Well maintained, this 3-bedroom, 2.5 bath Ranch will appeal to first time buyers and down-sizers alike. A light-filled open concept has interchangeable living and dining areas for ease of entertaining. The kitchen has a custom island breakfast bar, sure to be the center of daily activity! A unique ‘Brady Room’ with glass walls and ceiling and a historic brick fireplace make this a favorite room to spend time in. Sliders leading to a composite deck gives easy access to enjoy the outdoors. Spacious lower level has a fireplace family room, bonus room/office and half bath-a great space for guests and extended family. Located near the Minuteman bike path, Alewife T/Cambridge, Route 2 and Mass. Ave., shops, a theater and restaurants, this home is a hidden gem!
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| Jun 1, 1985 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017