54580 Reed 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 29, 2024 | Sold | ||
| Sold | |||
| Apr 28, 2024 | Listed by Compass | $854,000 | |
| Listed by Compass | |||
| Jun 3, 2023 | No longer available | - | |
| No longer available | |||
| Apr 26, 2023 | In contract | - | |
| In contract | |||
| Apr 10, 2023 | Listed by Town Real Estate | $695,000 | |
| Listed by Town Real Estate | |||
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A little over a 1/2 mile from the center of town is a large single-story mountain cottage nestled in a .8 of an acres lot. The rock walkway leading you through the tall trees and the seasonal creek at the edge of the property gives it a mountain retreat feel. The roundabout driveway leads to the 1-car garage and carport. This home welcomes you with knotty-pine lined walls, and bamboo flooring, and into an open concept living space. Vaulted ceilings with exposed beams in the family room. Beautifully upgraded kitchen with an open-faced pantry area and modern bathrooms. Dual-paned windows, Sliding glass doors with between-the-glass blinds. Master bedroom with an en-suite master bathroom. The 2 guest bedrooms are nicely sized and there is also a bonus room that is now being used as a sitting room with a laundry closet; options are limitless. The access to the office is from the garage is perfect for people to work remotely. it features its own exit to a private deck for when you need a break. There is also an easy access carport/ RV/boat parking near the street. Come see this property and make it your mountain dream home a reality. Showings by appointment only. The manager has listed the unit size as 1918 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017