501 Oak Point Drive
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 |
|---|---|---|---|
| Jul 23, 2020 | Sold | ||
| Sold | |||
| Apr 2, 2020 | Listed by Realty Professionals of MA | $310,000 | |
| Listed by Realty Professionals of MA | |||
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This well-maintained Sterling is situated in a prime location on a lovely lot w/ a private wooded back yard! Gleaming hardwood floors are in all the primary rooms – kitchen, living room, dining room, office/den & master bedroom. Spacious eat-in kitchen has maple cabinets & solid surface counter tops. Master bedroom en suite has updated bathroom. Two-car garage is insulated w/ vent for add'l heat. Add’l features include a backup generator, 2015 roof, 2014 water heater, newer refrigerator, alarm system & updated painted walls and ceilings in all but two bedrooms. This gracious home has been well cared for throughout & its location near the clubhouse and wooded land in the rear make this special home a rare find. Enjoy the many on-site activities that Oak Point offers w/ its clubhouse, pools, gymnasium, fitness center, ballroom plus so much more in addition to the many clubs to join with neighbors and friends. Virtual tour & floor plan are attached! Welcome home!
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| Jun 27, 2017 | Sold | ||
| Sold | |||
| Mar 8, 2017 | Listed by RE/MAX Platinum | $289,900 | |
| Listed by RE/MAX Platinum | |||
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NICEST LOCATION IN OAK POINT! Near clubhouse with woods and privacy. Beautiful STERLING model that has been well maintained and updated. 3 bedrooms, plus office or den. Mud room/laundry room. Maple kitchen cabinets with Solid Surface countertops. Master bath with newer vanity. Insulated and heated garage. GENERATOR. NEW ROOF (2015), NEW WATER HEATER (2014), composite decking. Abuts conservation land. Fresh landscaping. Oak Point amenities include 3 heated pools (1 indoor), hot tubs, gymnasium, fitness center, bocce ball, tennis, pickle ball, volley ball, shuffle board, billiards room, ballroom that seats 500, and much more! On-sight social director plans ~75 activities a month. NO PROPERTY TAXES! Come and live at a resort and save money. Call for your private showing today!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017