$314,328
●
Condo -
Off Market
501 Red Tail Way
Lancaster, MA 01523
2 Beds
3 Baths,
1
Half Bath
1,700 Ft²
$607,716
RealtyHop Estimate
98.60%
Since Jun 1, 2013
National-US
Primary Model
About This Property
End unit location. Peaceful and private, overlooking acres of
conservation land; the perfect transition to town home living.
Relax on your enclosed porch with glass windows and screens.
Sun light pours through the bay window in the dining area, open
floor plan, hardwood floors, granite counters, recessed light and
under cabinet lighting in the kitchen. A large walk out basement is
perfect for finishing or additional storage. The large second floor
BR/loft/full bath is a fabulous guest suite.
Unit Size
1,700 Ft²
Days on Market
-
Land Size
-
Price per sqft
$180
Property Type
Condo
Property Taxes
-
HOA Dues
$254
Year Built
2013
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 5 years ago (MLSPIN #71473035)
Price History
Property Highlights
Air Conditioning
Garage
Parking Available
Fireplace
Interior Details
Level: First
Features: Flooring - Hardwood, Window(s) - Bay/Bow/Box, Dining Area, Countertops - Stone/Granite/Solid
Level: Second
Features: Bathroom - Full, Closet - Linen, Flooring - Stone/Ceramic Tile
Level: Second
Features: Walk-In Closet(s), Flooring - Wall to Wall Carpet
Features: Flooring - Hardwood
Level: First
Features: Bathroom - Full, Closet - Linen, Flooring - Stone/Ceramic Tile
Level: First
Features: Bathroom - Full, Cathedral Ceiling(s), Ceiling Fan(s), Walk-In Closet(s), Flooring - Wall to Wall Carpet
Level: First
Level: First
Features: Cathedral Ceiling(s), Ceiling Fan(s), Flooring - Hardwood, Balcony / Deck
Features: Bathroom - Half, Flooring - Hardwood
Level: First
Features: Yes
Half Bathrooms: 1
Full Bathrooms: 2
Interior Features: Closet, Loft, Entry Hall
Appliances: Microwave, ENERGY STAR Qualified Dishwasher, Range - ENERGY STAR, Gas Water Heater, Plumbed For Ice Maker, Utility Connections for Electric Range, Utility Connections for Electric Dryer
Flooring Type: Tile, Carpet, Hardwood, Flooring - Wall to Wall Carpet, Flooring - Hardwood
Laundry Features: Flooring - Stone/Ceramic Tile, First Floor, Washer Hookup
Rooms: 6
Has Fireplace
Fireplace Features: Living Room
Basement: Y
Parking Details
Has Garage
Attached Garage
Parking Features: Attached, Garage Door Opener, Off Street
Garage Spaces: 1
Exterior Details
Entry Level: 1
Year Built Source: Builder
Year Built Details: Actual, Under Construction
PropertySubType: Condominium
Building Name: Blue Heron Pond
Structure Type: Townhouse
Other Structures: Gazebo
Stories (Total): 2
Building Area Units: Square Feet
Window Features: Insulated Windows, Screens
Construction Materials: Frame
Patio and Porch Features: Enclosed
Lead Paint: None
Lot Size Units: Acres
Zoning: res
Parcel Number: 4588311
Water Source: Public
Utilities Details
Utilities: for Electric Range, for Electric Dryer, Washer Hookup, Icemaker Connection
Cooling Type: Central Air
Heating Type: Forced Air, Natural Gas
Sewer : Private Sewer
Location Details
HOA/Condo/Coop Fee Includes: Water, Sewer, Insurance, Maintenance Structure, Road Maintenance, Maintenance Grounds, Snow Removal, Trash
HOA/Condo/Coop Amenities: Garden Area
HOA Fee: $254
Community Features: Shopping, Walk/Jog Trails, Stable(s), Golf, Medical Facility, Conservation Area, Highway Access, University, Adult Community
Pets Allowed: Yes w/ Restrictions
Management: Professional - Off Site, Owner Association
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
01/17/2013
| |
2 Bed
|
2 Bath
|
1700 ft²
|
$306,000
2 Bed
2 Bath
1700 ft²
|
$269,000
-12.09%
08/08/2013
|
Holly Plante
C & H Realty
|
Building Info
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017