501 LAKE 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 |
|---|---|---|---|
| Jan 6, 2025 | Sold | ||
| Sold | |||
| Nov 22, 2024 | In contract | - | |
| In contract | |||
| Nov 15, 2024 | Listed by Real Broker NY LLC | $199,000 | |
| Listed by Real Broker NY LLC | |||
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Welcome to 501 Lake Road, Webster – where comfort meets convenience with a touch of lakefront charm! This spacious home offers a thoughtful layout featuring first-floor laundry for everyday ease, an attached garage for added storage and security, and stunning lake views that elevate the ambiance of each day. Boasting large bedrooms and two full bathrooms, this residence is designed for both relaxation and functionality.
The heart of the home is its open, bright floor plan, creating an inviting atmosphere that welcomes abundant natural light and enhances the home’s generous square footage. The backyard serves as a perfect retreat for outdoor activities or unwinding under the expansive skies. Located on Lake Road, you’ll enjoy easy access to nearby amenities while savoring the peaceful beauty of lake living. Note: please enjoy the full tear off 2023 roof renovation as well as the installation of central AC.
Don’t miss the opportunity to make this lake-view gem your own. Come and experience all that 501 Lake Road has to offer!
All offers are due Thursday, November 21st at 5pm. Please allow 24 hours reviewal for offers.
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| Nov 20, 2012 | Sold | ||
| Sold | |||
| Sep 14, 2012 | Listed by Prudential K A R E S Realty | $119,700 | |
| Listed by Prudential K A R E S Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017