502 Back Lake
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%.
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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 19, 2025 | Sold | ||
| Sold | |||
| May 17, 2025 | Listed by RE/MAX Northern Edge Realty/Colebrook | $695,000 | |
| Listed by RE/MAX Northern Edge Realty/Colebrook | |||
| Apr 20, 2025 | Price Decreased |
$725,000
↓ $44K
(5.7%) | |
| Price Decreased | |||
| Mar 8, 2025 | Price Decreased |
$769,000
↓ $20K
(2.5%) | |
| Price Decreased | |||
| Dec 6, 2024 | Listed | $789,000 | |
| Listed | |||
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Original owner and well cared for 3 bedroom, 2 bath 1-Story Split Level home with in-law apartment in walk-out lower level. Privately situated on 3.3 acres with approximately 80' of waterfront on Back Lake and seasonal dock permit! Direct access to ATV and Snowmobile trails. 40x30 detached garage with stairs to mezzanine and additional 36x34 detached garage with new roof! Plenty of room for all your toys and more! Kitchen was updated in 2015 and showcases cherry cabinetry, granite counters, SS appliances including double ovens. Open dining/living room featuring stone wood fireplace with hearth. Hardwood floors on main level. Generous enclosed porch features pine walls, cathedral ceiling and hot tub with wrap-around deck overlooking Back Lake. Oil furnace and Wood furnace. Stand-by generator. Plenty of road frontage on Back Lake Road and Woodcock Drive offering privacy and field for gardening! Also comes with an additional 50' ROW to Back Lake further down the road. Truly a gem! Showings begin on Saturday, August 31st BY APPOINTMENT.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017