50 King Philip Dr
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 30, 2024 | Sold | ||
| Sold | |||
| Jul 29, 2024 | In contract | - | |
| In contract | |||
| Jun 19, 2024 | Listed by The Mello Group, Inc. | $850,000 | |
| Listed by The Mello Group, Inc. | |||
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Discover this exceptional home offering 3600+ square feet of luxury across three impressive levels. The impressive 23x23 great room wows with soaring cathedral ceilings, creating a grand atmosphere for gatherings and relaxation. The kitchen is a dream, featuring stainless appliances, under cabinet lighting, and an island with seating. Flowing seamlessly from the kitchen are the dining room and an additional family room, creating an ideal open floor plan. A first-floor office provides a quiet space for work or study. Step into the screened-in sunroom and unwind while enjoying views of the backyard, fire pit and garden. Additional highlights include a new septic system, a game room in the lower level, and a luxurious primary suite featuring a walk-in closet and a spa-like bath with soaking tub, and tiled shower. Nestled in a tranquil subdivision, this residence offers the perfect blend of rural serenity and urban convenience, just moments from highways, shopping, and the T-station.
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| Jan 27, 1999 | Sold | ||
| Sold | |||
| Nov 18, 1998 | Listed by The Mello Group, Inc. | $259,900 | |
| Listed by The Mello Group, Inc. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017