497 Summit Street
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 |
|---|---|---|---|
| Dec 1, 2023 | Withdrawn | - | |
| Withdrawn | |||
| Nov 2, 2023 | Price Decreased |
$394,000
↓ $5K
(1.3%) | |
| Price Decreased | |||
| Oct 19, 2023 | Listed by Keller Williams South Watuppa | $399,000 | |
| Listed by Keller Williams South Watuppa | |||
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Stunning views of the bay make this an ideal property for those who love to entertain. This home offers an abundance of possibility - with plenty of room to grow! The spacious double parlor is perfect for your large holiday gatherings. First floor has a main bedroom and full, newly remodeled bathroom complete with blue tooth sound and lighting system. The view from the window in the galley kitchen makes dishwashing bearable. There is a separate dining area with sliders leading to a wooden deck - perfect for watching the sun set. The raised garden beds are perfect for growing vegetables or vibrant flowers. This home boasts mouldings and doorways with splashes of trendy updates, along with a convenient mud room and bonus sun room. There are 2 additional bedrooms and a half bath upstairs. The walk-out basement offers expansion potential along with a brand new on-demand heating system. Large yard with detached garage and workshop/shed. Come see all this home has to offer!
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| Jul 30, 2021 | Sold | ||
| Sold | |||
| Jun 8, 2021 | Listed by Next Level Realty | $265,000 | |
| Listed by Next Level Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017