487 Pinewood Estates Drive
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 |
|---|---|---|---|
| Jul 9, 2021 | Sold | ||
| Sold | |||
| May 3, 2021 | Listed by Ridgeline Real Estate | $244,900 | |
| Listed by Ridgeline Real Estate | |||
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Welcome home to this tastefully updated ranch in Morristown! Move right in and enjoy the all benefits these sellers have done, from a new septic system, gas boiler, heat pumps with an AC feature, fresh paint, new flooring, and a remodeled bathroom. SO many more upgrades to list, interior & exterior, schedule a showing to see for yourself today! Entering through the covered porch, a large kitchen/dining area greets you, offering tall cherry wood cabinets, a new gas range/stove with an air fryer feature, granite countertops and radiant ceramic tile. Off the kitchen gives you access to the deck & backyard for hosting or enjoying the outdoors. Following the new floors in the living room and hallway brings you to the updated bathroom with a double sink and radiant floors. Move your way into the large primary bedroom with 2 closets and a secondary bedroom across the hall. The basement is equipped with a pellet stove, washer & dryer, and open concept for ease of storage. Making your way outside, you will find a detached 2 car garage with a new metal roof with covered storage around the back. Don't wait to schedule your showing!
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| Jan 3, 2018 | Sold | ||
| Sold | |||
| May 9, 2017 | Listed by BHHS Vermont Realty Group/Morrisville-Stowe | $185,900 | |
| Listed by BHHS Vermont Realty Group/Morrisville-Stowe | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017