561 Bay 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%.
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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 1, 2023 | Sold | ||
| Sold | |||
| Mar 6, 2023 | Listed by Great Island Realty LLC | $819,000 | |
| Listed by Great Island Realty LLC | |||
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Unobstructed year round views of Great Bay! Approaching this property via Bay Road is a pleasant experience as this country road meanders along Great Bay catching glimpse of the water until you arrive at 561 Bay Rd. Sitting towards the top of the lot the elevation enhances the views of the open meadow and water beyond. The first level of this property includes a tastefully updated kitchen, dining room, sitting area facing the water, living room, bedroom, 3 season room, office nook and updated full bath. On The 2nd level there is another bedroom, an office which could be utilized as an additional bedroom and a ½ bath. Off of the main living space is a bonus room that has a spa quality feel to it. Perfect space for your home gym and equipped with a swim spa, all overlooking Great Bay. There are several outdoor seating areas and decks for enjoy the tranquility and nature beauty of the landscape. Over the last few years many updates have been done to the property including new septic, addition of AC, bathroom remodel and many other interior updates. The lot is 1.51 acres, offers a 1 car garage, brand new shed for storage and a stand-by generator. Access to the water is by the deeded 50 ft wide easement. A short drive to both downtown Newmarket and Durham, providing easy accessibility to UNH, shopping and dining. Multi-million dollar views for a fraction of the cost. 3D tour and floor plans available.
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| Nov 12, 2019 | Sold | ||
| Sold | |||
| Sep 16, 2019 | Listed by KW Coastal and Lakes & Mountains Realty | $500,000 | |
| Listed by KW Coastal and Lakes & Mountains Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017