51 Baxter Place
About This Property
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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.
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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 23, 2018 | No longer available | - | |
| No longer available | |||
| Aug 1, 2018 | Sold | ||
| Sold | |||
| Jun 11, 2018 | Listed | $175,000 | |
| Listed | |||
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Well Maintained year round home on a full concrete walkout foundation. This 4-room home is situated on a mostly level (.5-acre) waterfront point of land in the Baxter Place neighborhood. There is 350'+/- frontage along the Merrymeeting River with a small kayak/canoe dock in the deepwater channel of the river for all-day exploring on the Merrymeeting Marsh. It's very easy to slide your kayak in and out of the river. You will enjoy the open concept living room, dining area and kitchen. The 16' x 12' main-level deck is accessed from the kitchen. The septic design was approved for 3 bedrooms. The interior stairs lead to the unfinished lower level where there is an ideal area to construct the 3rd bedroom or finish a portion of the basement for a large family room. There is also space for a lower level second bathroom with an already installed waste pump. You will love the expansive level park-like yard with tall surrounding trees. There are open water views to enjoy all year round from the living room picture window, from the deck and from the open yard area. There is an abundance of wildlife that shares this special Alton watefront location and everchanging afternoon sunsets of to the west over Alton Mountain. This is a great location in the center of Alton! The manager has listed the unit size as 836 square feet.
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| May 23, 2018 | Listed by Maxfield Real Estate/ Alton | $175,000 | |
| Listed by Maxfield Real Estate/ Alton | |||
| Apr 24, 2002 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017