489 Bay Rd
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 |
|---|---|---|---|
| Aug 11, 2021 | Sold | ||
| Sold | |||
| Sep 16, 2020 | Listed by J. Barrett & Company | $1,995,000 | |
| Listed by J. Barrett & Company | |||
| Nov 14, 2016 | Sold | ||
| Sold | |||
| Sep 21, 2015 | Listed by Churchill Properties | $1,799,999 | |
| Listed by Churchill Properties | |||
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Spectacular home awaits you at the end of this tree-lined driveway. A full renovation (down to the studs) was done in 2005, restoring this exquisite farmhouse/colonial into a one-of-a-kind oasis in a magical setting.. Two gorgeous additions were seamlessly added using reclaimed beams and all updates were made with the highest quality craftsmanship and top of the line appliances/hardware. The wiring and plumbing was redone, air-conditioning and radiant heat added in most rooms, windows replaced, ceilings pushed up, beautiful tile work in all bathrooms. A screened-in porch was added overlooking the extensive blue stone terrace and sweeping lawn with mature trees, tree house, organic vegetable and flower gardens. All this AND a three bedroom carriage house with two garages and multiple sheds. Enjoy close proximity to shops and restaurants, Hamilton Schools and commuter rail . New town pool and park just steps away. Crane’s Beach and boating on the Essex River minutes away
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| Jun 28, 2004 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017