545 Salter Path Road #L5
About This Property
The manager has listed the unit size as 2010 square feet.
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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%.
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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.
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 |
|---|---|---|---|
| Mar 6, 2023 | No longer available | - | |
| No longer available | |||
| Mar 1, 2023 | Listed | $930,000 | |
| Listed | |||
| | |||
|
One drive through the oceanfront community of Beacon's Reach and you'll agree; this place is a seaside sanctuary like no other. No wonder this is the place to be! Nestled in the maritime forest, Ocean Grove is protected by the gorgeous natural vegetation of established trees with knotted and crooked branches that offer a picturesque canopy of shade -- just what you need for a short walk to the beach, pool or around the scenic community trails. Enjoy all the community amenities within walking distance: tennis & basketball courts, multiple pools, marina with boat ramp, walking trails with benches and a gazebo, fitness center, sound & ocean accesses, and a boardwalk that leads directly from the unit to the beach.A covered carport provides easy access to this stunning 4 bedroom, 4 bath, move-in ready condo. Incredible ocean views, designer light fixtures, granite countertops with custom tile backsplash in the kitchen, skeleton style staircase with custom wrought iron balusters & wood stained stair treads, Italian porcelain tile and quartz countertops in the bathrooms are just a few of the upgrades that set this unit a step above... The details in this condo are extraordinary from top to bottom. The manager has listed the unit size as 2060 square feet.
| |||
| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
| May 16, 2020 | In contract | - | |
| In contract | |||
| Mar 18, 2020 | Price Decreased |
$489,900
↓ $10K
(2%) | |
| Price Decreased | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
01/25/2024
|
4 Bed
|
3 Bath
|
2071 ft²
|
$1,150,000
4 Bed
3 Bath
2071 ft²
|
-
-
|
Sherry Stanley
Bluewater Real Estate - EI
| |
|
10/12/2023
|
3 Bed
|
3 Bath
|
1924 ft²
|
$899,000
3 Bed
3 Bath
1924 ft²
|
-
-
|
Mary Cheatham King team
Keller Williams Crystal Coast
| |
|
03/01/2023
|
4 Bed
|
4 Bath
|
2060 ft²
|
$930,000
4 Bed
4 Bath
2060 ft²
|
-
-
|
Sarah Stone Lewis
EXP Realty
| |
|
01/25/2023
|
4 Bed
|
4 Bath
|
2188 ft²
|
$950,000
4 Bed
4 Bath
2188 ft²
|
-
-
|
Carla Buckhold
Bogue Banks Realty, Inc
| |
|
03/22/2022
|
4 Bed
|
4 Bath
|
2033 ft²
|
$724,900
4 Bed
4 Bath
2033 ft²
|
-
-
|
Mary Cheatham King Real Estate team
Keller Williams Crystal Coast
| |
|
02/12/2022
|
4 Bed
|
4 Bath
|
2054 ft²
|
$915,000
4 Bed
4 Bath
2054 ft²
|
-
-
|
Mary Cheatham King Real Estate team
Keller Williams Crystal Coast
| |
|
08/10/2020
|
4 Bed
|
3 Bath
|
2000 ft²
|
$372,000
4 Bed
3 Bath
2000 ft²
|
-
-
|
-
| |
|
02/04/2020
|
4 Bed
|
4 Bath
|
2010 ft²
|
$499,900
4 Bed
4 Bath
2010 ft²
|
-
-
|
-
| |
|
09/15/2019
|
4 Bed
|
4 Bath
|
1825 ft²
|
$495,000
4 Bed
4 Bath
1825 ft²
|
-
-
|
-
| |
|
04/24/2019
|
3 Bed
|
3 Bath
|
2000 ft²
|
$495,000
3 Bed
3 Bath
2000 ft²
|
-
-
|
-
| |
|
04/12/2019
|
4 Bed
|
4 Bath
|
2010 ft²
|
$549,900
4 Bed
4 Bath
2010 ft²
|
-
-
|
-
| |
|
02/11/2019
|
4 Bed
|
4 Bath
|
1919 ft²
|
$374,900
4 Bed
4 Bath
1919 ft²
|
-
-
|
-
| |
|
06/15/2018
|
4 Bed
|
4 Bath
|
2005 ft²
|
-
4 Bed
4 Bath
2005 ft²
|
-
-
|
-
| |
|
06/15/2018
| |
4 Bed
|
4 Bath
|
2039 ft²
|
-
4 Bed
4 Bath
2039 ft²
|
-
-
|
-
|
|
11/20/2017
|
4 Bed
|
4 Bath
|
2089 ft²
|
-
4 Bed
4 Bath
2089 ft²
|
-
-
|
-
| |
|
07/30/2017
| |
4 Bed
|
4 Bath
|
2075 ft²
|
-
4 Bed
4 Bath
2075 ft²
|
-
-
|
-
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017