480 Spruce 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 |
|---|---|---|---|
| Mar 10, 2024 | No longer available | - | |
| No longer available | |||
| Mar 2, 2024 | Price Decreased |
$360,000
↓ $25K
(6.5%) | |
| Price Decreased | |||
| Feb 15, 2024 | Listed by Keller Williams Big Bear | $384,900 | |
| Listed by Keller Williams Big Bear | |||
| | |||
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Welcome to your mountain dream home! This updated property boasts an expansive, fully fenced level lot, perfect for outdoor activities and privacy. Pulling up, you'll admire the newly paved circular driveway, providing ample parking space. Inside, newer wood flooring and fresh paint create a warm and inviting atmosphere. The updated kitchen features stainless steel appliances and opens to a covered porch, ideal for entertaining or enjoying your morning coffee. Retreat to the large bedrooms with spacious closets and enjoy the updated bathroom. The living room showcases charming wood beam ceilings, adding character to the space. Step onto the front deck to take in the picturesque views of Sugarloaf Mountain. Exterior motion-sensor lights surround the property. With plenty of parking available, including space for RV/boat parking, this property offers both comfort and convenience for your lifestyle needs. Welcome home! The manager has listed the unit size as 963 square feet.
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| Jun 3, 2019 | Sold | ||
| Sold | |||
| Apr 26, 2019 | Listed by KELLER WILLIAMS REALTY | $210,000 | |
| Listed by KELLER WILLIAMS REALTY | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017