55 Sutherland Rd #55
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%.
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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 |
|---|---|---|---|
| May 3, 2024 | Sold | ||
| Sold | |||
| Mar 19, 2024 | In contract | - | |
| In contract | |||
| Mar 14, 2024 | Listed by MA Properties | $775,000 | |
| Listed by MA Properties | |||
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Welcome home to a desirable Arlington Heights neighborhood known as “Little Scotland” and this immaculate condo unit with everything you have been looking for, including a finished lower level for added spaciousness, private outdoor living spaces, and a prime location steps to Trader Joe’s, Starbucks, and lots more shopping and dining. The living room has a great vibe for casual, comfortable living, offering an easy transition to the formal dining room perfect for dinner parties. If you love to cook, you will appreciate the large, efficient kitchen with stylish white cabinetry and an informal dining area. Step out to the exclusive-use deck to soak up the sunshine or enjoy gardening in the private yard surrounded by trees and plantings. More living space awaits on the finished lower level featuring a family room with kitchenette, a bonus room/office, additional bedroom, and full bathroom. Commuters will love a short walk to the Minuteman Bike Path, bus routes, and easy highway access.
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Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
03/14/2024
|
3 Bed
|
2 Bath
|
2009 ft²
|
$775,000
3 Bed
2 Bath
2009 ft²
|
$800,000
+3.23%
05/03/2024
|
Danielle Fleming
MA Properties
| |
|
04/26/2003
| |
4 Bed
|
-
|
2232 ft²
|
$489,900
4 Bed
-
2232 ft²
|
$492,000
+0.43%
07/23/2003
|
Julie Horvath
Century 21 Avon
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017