$326,254
●
Condo -
Off Market
551 Red Tail Way
Lancaster, MA 01523
2 Beds
3 Baths,
1
Half Bath
1,700 Ft²
$642,918
RealtyHop Estimate
98.60%
Since Jun 1, 2013
National-US
Primary Model
Unit Size
1,700 Ft²
Days on Market
-
Land Size
46.00 acres
Price per sqft
$190
Property Type
Condo
Property Taxes
-
HOA Dues
$254
Year Built
2013
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 5 years ago (MLSPIN #71490607)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 20, 2013 | Sold | ||
| Sold | |||
| Mar 7, 2013 | Listed by C & H Realty | $323,725 | |
| Listed by C & H Realty | |||
Property Highlights
Air Conditioning
Garage
Parking Available
Fireplace
Interior Details
Level: First
Width: 13
Length: 19
Features: Flooring - Hardwood, Countertops - Stone/Granite/Solid, Recessed Lighting
Area: 247
Level: Second
Features: Bathroom - Full, Closet - Linen, Flooring - Stone/Ceramic Tile
Level: Second
Features: Walk-In Closet(s), Flooring - Wall to Wall Carpet
Width: 16
Length: 16
Area: 256
Width: 12
Features: Flooring - Hardwood
Length: 11
Level: First
Area: 132
Features: Bathroom - Full, Closet - Linen, Flooring - Stone/Ceramic Tile
Level: First
Length: 16
Level: First
Area: 224
Features: Cathedral Ceiling(s), Ceiling Fan(s), Flooring - Hardwood, Cable Hookup
Width: 14
Features: Bathroom - Full, Cathedral Ceiling(s), Ceiling Fan(s), Walk-In Closet(s), Flooring - Wall to Wall Carpet
Level: First
Length: 16
Width: 14
Area: 224
Features: Bathroom - Half, Flooring - Stone/Ceramic Tile
Level: First
Features: Yes
Half Bathrooms: 1
Full Bathrooms: 2
Interior Features: Closet, Recessed Lighting, Loft, Entry Hall
Appliances: Microwave, ENERGY STAR Qualified Dishwasher, Range - ENERGY STAR, Gas Water Heater, Plumbed For Ice Maker, Utility Connections for Electric Range, Utility Connections for Electric Dryer
Flooring Type: Tile, Carpet, Hardwood, Flooring - Wall to Wall Carpet, Flooring - Hardwood
Laundry Features: First Floor, In Unit, Washer Hookup
Rooms: 6
Has Fireplace
Fireplace Features: Living Room
Fireplaces: 1
Basement: Y
Parking Details
Has Garage
Attached Garage
Parking Features: Attached, Garage Door Opener, Off Street
Garage Spaces: 1
Exterior Details
Entry Level: 1
Year Built Source: Builder
Year Built Details: Actual
PropertySubType: Condominium
Building Name: Blue Heron Pond
Structure Type: Townhouse
Other Structures: Gazebo
Stories (Total): 2
Building Area Units: Square Feet
Window Features: Insulated Windows, Screens
Construction Materials: Frame, Conventional (2x4-2x6)
Patio and Porch Features: Enclosed, Screened, Deck - Composite
Lead Paint: None
Lot Size Area: 46
Lot Size Units: Acres
Lot Size Acres: 46
Zoning: res
Parcel Number: 4588308
Water Source: Public
Utilities Details
Utilities: for Electric Range, for Electric Dryer, Washer Hookup, Icemaker Connection
Cooling Type: Central Air
Heating Type: Forced Air, Natural Gas
Sewer : Private Sewer
Location Details
HOA/Condo/Coop Fee Includes: Water, Sewer, Insurance, Maintenance Structure, Road Maintenance, Maintenance Grounds, Snow Removal, Trash
HOA/Condo/Coop Amenities: Garden Area
Association Fee Frequency: Monthly
HOA Fee: $254
Community Features: Shopping, Walk/Jog Trails, Stable(s), Golf, Medical Facility, Conservation Area, Highway Access, House of Worship, University, Adult Community
Pets Allowed: Yes w/ Restrictions
Management: Professional - Off Site, Owner Association
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
03/07/2013
| |
2 Bed
|
2 Bath
|
1700 ft²
|
$323,725
2 Bed
2 Bath
1700 ft²
|
$306,000
-5.48%
05/01/2013
|
Holly Plante
C & H Realty
|
Building Info
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017