5 Herrick Road
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 |
|---|---|---|---|
| Feb 10, 2025 | Sold | ||
| Sold | |||
| Nov 29, 2024 | In contract | - | |
| In contract | |||
| Nov 19, 2024 | Listed by Coldwell Banker Realty - Lynnfield | $1,399,000 | |
| Listed by Coldwell Banker Realty - Lynnfield | |||
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This timeless New England country estate, nestled in the scenic town of East Boxford, is set on approximately 4 acres and boasts a restored two-story barn with three garage bays, beautifully crafted stone walls, fruit trees, a garden bed, a tennis court, and a resurfaced inground swimming pool with a charming cabana. The home exudes warmth and character, featuring five working fireplaces and restored wide pine floors throughout. The updated kitchen offers the perfect space to prepare holiday meals, with the option to roast your turkey in the kitchen fireplace, complemented by high-end appliances, a top-of-the-line coffee bar, stunning soapstone countertops, and a classic farmhouse sink. There’s plenty of room for everyone to gather in either of the two living areas, both offering breathtaking views of the landscaped backyard that borders Herrick Tree Farm. In the warmer months, enjoy relaxing and entertaining in one of the two outdoor patio spaces, overlooking the pool.
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| Mar 7, 2022 | Sold | ||
| Sold | |||
| Dec 1, 2021 | Listed by Coldwell Banker Realty - Lynnfield | $985,000 | |
| Listed by Coldwell Banker Realty - Lynnfield | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017