54 Adams Hill Road
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 9, 2022 | Sold | ||
| Sold | |||
| May 9, 2022 | Listed by Coldwell Banker Realty - Manchester | $1,995,000 | |
| Listed by Coldwell Banker Realty - Manchester | |||
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Once in a lifetime opportunity, steps from the beach! 54 Adams Hill Road, affectionally named "Stonepatch Cottage" evokes the spirit of Annisquam. The property overlooks the sandy shores of Cambridge Beach and has envious views of Wingaersheek Beach and Ipswich Bay. This shingle style home is being offered for the first time in nearly a century. The classic appointments of this summer cottage bring to life a simpler time where memories are made and cherished for a lifetime. The living room faces the beach and Ipswich Bay and features a wood-burning fireplace, screened porch and natural wood walls. A well equipped eat-in kitchen is where meals will be created by multi-generational cooks and their helpers! A large bedroom, full bath and laundry complete the first floor. Upstairs finds the primary bedroom with half bath and walk-in closet. Large guest bedroom with panoramic water views. A large walk-up attic affords potential expansion opportunities.
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| Feb 7, 2007 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017