508 Old Town Way
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 14, 2024 | Sold | ||
| Sold | |||
| Apr 24, 2024 | Listed by Success! Real Estate | $799,000 | |
| Listed by Success! Real Estate | |||
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Beautifully maintained 4 bedroom colonial in one of Hanover's most desirable neighborhoods. As you step inside, you're greeted by the warm ambiance of hardwood floors that flow seamlessly throughout the home. The inviting gas fireplaced living room sets the tone for cozy evenings, while the adjacent dining room offers the perfect space for entertaining guests. Spacious eat-in kitchen, equipped with stainless steel appliances and elegant granite countertops. The family room is the ultimate hangout spot with a pellet stove to keep things toasty. There's also a convenient half bath on the first floor. Upstairs, discover 4 generously sized bedrooms and a full bath. The finished basement provides additional living space, perfect for a home office, playroom or gym. Plus, a bonus whole house automatic genterator and water filtration system! With proximity to Route 3, the new Hanover Crossing shopping center, and a variety of restaurants, everything you need is just minutes away.
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| Feb 26, 1982 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017