5290 Pine Lane Path
About This Property
This pristine, well-maintained home features: 3 Bd, 3 bths, double-sided gas fireplace, solid white Maple cabinets, honed granite counter tops and SS Appls. The loft easily sleeps 8 and the finished lower level provides additional living space. Floor to Ceiling windows and a Wrap-Around Porch makes it ideal for watching spectacular Sunsets! This Nantucket style home sits back on the lot so there is plenty of room for a pool (approval needed) or you can gather around the fire-pit on cool evenings.There is a private deck overlooking the lake to enjoy sun-bathing or just quiet time. This home the 'PERFECT PLACE TO HANG YOUR HEART'' is a GREAT PLACE to make memories and the 'PERFECT PLACE TO HANG YOUR HEART'.
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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 27, 2022 | Sold | ||
| Sold | |||
| May 12, 2022 | Listed by Keller Williams Realty SWM | $1,240,000 | |
| Listed by Keller Williams Realty SWM | |||
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Breathtaking 3000 sq. ft., 3BR/3BA lakeside home, featuring Nantucket styling, a huge wraparound deck, magnificent views looking out walls of artistic French windows & doors, vaulted ceilings and a gorgeous, double-sided stone (gas) fireplace. Kitchen highlights include high-end wood-and-glass cabinetry, granite countertops and stainless-steel appliances. Furnished ''upscale cozy'' throughout, the spacious living room is drenched in light, as is the dining room, The main floor's master bedroom has 2 queen beds and a twin-sink, granite-top vanity. The large loft area has 4 twin beds (easily sleeping 8) and the finished basement level has a King-sized bed and a cool common area. Fully furnished wieh all the funriture, decor and equipment. The income is substantial on the rentals. The property is beautiful and secluded, with a sandstone firepit overlooking the Lake Michigan, perfect for relaxing. The buyer must honor the rental agreement in place for two years until Nov 2023. And all the rentals currently. Earnings statement can be provided.
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| Jul 15, 2021 | Sold | ||
| Sold | |||
| May 5, 2021 | Listed by @properties Christie's International R.E. | $995,000 | |
| Listed by @properties Christie's International R.E. | |||
| Apr 21, 2000 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017