507 Northwoods 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 |
|---|---|---|---|
| Jun 27, 2023 | Sold | ||
| Sold | |||
| Apr 1, 2023 | Listed by Atlanta Communities | $625,000 | |
| Listed by Atlanta Communities | |||
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Soak up the beautiful wooded scenery as you drive through the gated private entrance and up the long meandering driveway to the peak of the property. Here is where you will discover the beautiful farm-style home with wrap-around porch and huge basement. The basement has a full bedroom, full bathroom, living space, kitchen, and separate entrance, doubling as an optional income-producing in-law suite. The home sits perched atop a plateau, creating high views visibility, complimented by a level back yard where you can create your own oasis.
The home has been renovated with all new fixtures and fans, a freshly painted deck, newer gutters, new driveway, new flooring in basement, and fenced in yard (with exception of .25 acre on opposite side of creek). The kitchen was also upgraded to include white cabinets, granite countertops and stainless steel appliances.
Bonus features include:
- Two laundry rooms
- Detached two-car garage with 26' x 31' oversized roll-up doors and running electricity
- Standalone covered RV parking with electricity
- Additional gravel parking pad that fits up to 4 vehicles.
Zoned AG.
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| Jun 9, 2021 | Sold | ||
| Sold | |||
| Apr 27, 2021 | Listed by Atlanta Communities | $399,900 | |
| Listed by Atlanta Communities | |||
| Jan 16, 2015 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017