50 Summit Way
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 |
|---|---|---|---|
| Oct 10, 2023 | Sold | ||
| Sold | |||
| Aug 18, 2023 | Listed by Flex Realty | $629,900 | |
| Listed by Flex Realty | |||
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Discover serenity in this picturesque home nestled on 10 acres of pristine meadows. Bask in nature's embrace as panoramic views of Arrowhead Lake and majestic mountain ranges unfold before you. With fall's arrival, the property transforms into a symphony of colors, offering a front-row seat to nature's captivating artistry. This residence harmoniously balances rustic charm and modern comfort, featuring spacious interiors, a cozy fireplace, and large windows that frame breathtaking vistas. This captivating 4-bedroom, 3-bathroom residence seamlessly blends comfort and elegance. Bathed in an abundance of natural light, this home creates an inviting atmosphere that resonates throughout its open layout. The spacious living areas provide ample room for both relaxation and entertainment. Elevated luxury awaits in the 2nd level primary suite. Enjoy a massive walk-in closet and en-suite, as well as the indulgence of a private balcony that shares in the spectacular view. Outside, a charming deck extends the living space, perfect for outdoor dining or lounging amidst the landscaped surroundings. The property's thoughtful layout provides privacy and tranquility with a design that complements its scenic surroundings.
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| Nov 18, 2019 | Sold | ||
| Sold | |||
| Sep 6, 2019 | Listed by Nancy Jenkins Real Estate | $459,900 | |
| Listed by Nancy Jenkins Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017