5 Redstone Lane
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 |
|---|---|---|---|
| Sep 5, 2024 | Sold | ||
| Sold | |||
| Jul 2, 2024 | In contract | - | |
| In contract | |||
| Jun 25, 2024 | Listed by Compass | $2,995,000 | |
| Listed by Compass | |||
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Sited in one of the most sought-after neighborhoods of the “town side” of Marblehead Harbor, this stunning, 4 bedroom, 4 full & 1 half bathroom renovation was designed with the environment in mind & elevates the indoor/outdoor living experience. The beautifully designed interior was completely renovated and expanded in 2017 and offers a perfectly balanced fusion of form, light, space and luxury. Extensive walls of glass windows are fitted with custom Hunter Douglas window coverings, which capture the views of the Harbor and gardens. Luxurious amenities abound throughout the home and include Gauggenau/Miele and SubZero appliances, Waterworks vanities & fixtures, Hans Grohe shower heads, Toto commodes, Quartzite countertops, rift sawn white oak & polished concrete flooring. Ultra efficiency was in mind when installing the Hydro Air 2-zone heating system with humidifier and solar panels. Step outside to enjoy the gorgeous gardens & hardscapes, featured in multiple publications!
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| Jun 29, 2011 | Sold | ||
| Sold | |||
| Feb 22, 2011 | Listed by Compass | $829,000 | |
| Listed by Compass | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017