515 Downing Lane
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 |
|---|---|---|---|
| Jul 5, 2023 | Sold | ||
| Sold | |||
| May 27, 2023 | Listed by Thompson Williams Properties LLC | $999,000 | |
| Listed by Thompson Williams Properties LLC | |||
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Enjoy the solitude and park-like setting of this beautiful 3BR, 3BA luxury full-log home on 2.44 landscaped and wooded acres located in a quiet country neighborhood. The home boasts a high-end kitchen, luxurious living area with fireplace and patio doors leading to the deck, two bedrooms (master bedroom/bath), den/office, and loft. The fully finished walkout basement features a spacious great room, bedroom, office, rec room with pool table, bathroom, large laundry room, plenty of storage, and doors leading to patio and hot tub! Several bonus rooms can accommodate extra guests. A large deck runs along the front of the house, and a screened deck runs the length of the back of the house. Looking for a place for large family or group gatherings? This property features an additional building housing a 25x30 heated & cooled party room with appliances and wood burning fireplace, full bath, pool changing room (yes, there is a gorgeous heated salt-water pool with slide and waterfall!), and 2-car garage. The acreage has mature trees as well as ornamentals and perennials. All this and a mountain view! Relax, entertain, get away from it all! This property truly does check all the boxes! (Most log furniture and some furnishings available for sale; list price does not include furnishings. (As with all Real Estate transactions, Buyer(s) should verify all information independently including HOA info and Square Footage, Buy title insurance, have a survey, home inspection, and all other needed inspections. Equal housing opportunity. Most information from Tax records and not verified by listing agent/Company.)
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| Oct 25, 2013 | Sold | ||
| Sold | |||
| May 13, 2013 | Listed by Realty Executives Associates | $585,000 | |
| Listed by Realty Executives Associates | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017