53 Longmeadow 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 |
|---|---|---|---|
| Jul 31, 2024 | Sold | ||
| Sold | |||
| Jun 29, 2024 | In contract | - | |
| In contract | |||
| Apr 2, 2024 | No longer available | - | |
| No longer available | |||
| Apr 2, 2024 | Listed by Coldwell Banker Realty - Lynnfield | $399,000 | |
| Listed by Coldwell Banker Realty - Lynnfield | |||
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This Gorgeous 4-acre preserve offers ample space and a sense of seclusion, which is a rare find, especially near essential amenities and Route 1 and I-95. The convenience of having shopping centers with Market Basket, CVS and other essential services just a stone's throw away adds significant value. The pre-approved 4-bedroom approved septic design is in hand, reducing the complexity and uncertainty often associated with building your new home. This property indeed presents a unique opportunity for those looking to invest in a serene yet conveniently located home in a very attractive Neighborhood. It's an ideal blend of tranquility and accessibility, making it a dream location for someone who wants to design their living space tailored to their preferences and lifestyle. Approved Septic System Plan is ready and Seller willing to move Septic System to rear of home if that works better for the Buyer/Builder. Don't miss out!
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| Mar 1, 2024 | Relisted | $399,000 | |
| Relisted | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017