5 Fairview Ave
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 19, 2024 | Sold | ||
| Sold | |||
| Jul 26, 2024 | In contract | - | |
| In contract | |||
| Jul 16, 2024 | Listed by Advisors Living - Merrimac | $840,000 | |
| Listed by Advisors Living - Merrimac | |||
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Situated within a highly sought-after neighborhood just moments away from the waterfront town of Newburyport, this picturesque Newbury home is nestled on a tranquil dead-end street. Boasting a plethora of recent updates, 5 Fairview Ave. offers a perfect blend of lifestyle with meticulous attention to detail - a brand NEW septic system, dual A/C heat pump mini splits, painted exterior, and Anderson windows.. There is more! The light and airy renovated kitchen features a charming coffee station and a convenient desk area, complemented by stainless steel appliances and beautiful contemporary countertops. The expansive primary bedroom showcases a sizable walk-in closet and sitting room. Oak hardwood floors grace the first level, creating a warm and inviting ambiance throughout. This house is ready for you to move in and make it your home! Schedule your showing today!
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| Jul 6, 2024 | Temporarily off market | - | |
| Temporarily off market | |||
| Jun 20, 2024 | Listed by River Valley Real Estate | $849,900 | |
| Listed by River Valley Real Estate | |||
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The most appealing, comfortable, livable home in the fine town of Newbury, "stone's throw" to Newburyport on a short, non-through street in a real neighborhood. Very close to the Clipper City Rail Trail, Parker River National Wildlife Refuge & Visitors Center, Plum Island ocean beaches, a&Audubon Education Center, plus lively downtown center & restaurants. BRAND NEW septic system, heating and cooling via six mini-splits + back-up FHW boiler + fully insulated. Spacious open floor plan living room/dining room. Oak floors, sunny kitchen w/granite kitchen island. Fresh exterior paint, gorgeous flowering perennials front yard, roomy, private rear deck. Natural gas line to house. Excellent storage - multiple closets, full open basement with fireplace. Multiple custom built-ins and interesting nooks. EV charging port in garage. All in wonderful condition! Interior access to two-car attached garage. This is an unusually beautiful home in an ideal location!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017