$669,000
●
House -
Off Market
59 HARDWOOD RD RD
PALMYRA, VA 22963
5 Beds
4 Baths,
1
Half Bath
2,459 Ft²
$993,858
RealtyHop Estimate
43.00%
Since Apr 1, 2020
National-US
Primary Model
About This Property
Gorgeous waterfront home, level living w/ finished terrace level,
beautiful views of cove & main body of Lake Monticello.
Quality built in 2002, 3700 sq ft w/ 5 bedrooms, 3.5 baths, 2
kitchens, oversized 2 car garage. Gentle slope to waterfront,
trex dock on private .63 AC. Grand 2 story entrance w/
Italian floor tile offers immediate views of the lake. An
open concept home has living room w/vaulted ceiling, hardwoods,
fireplace & deck access. Spacious main floor kitchen w/maple
cabinets, stainless steel appliances, granite countertops, opens to
sunroom eat-in area. Master bedroom with 2 large closets, and
bath w/heated spa tub & steam shower. Walkout terrace level,
has 2nd full kitchen & bath, for possible in-law area. Must
see!,Glass Front Cabinets,Granite Counter,Maple Cabinets,Fireplace
in Family Room,Fireplace in Living Room
Unit Size
2,459 Ft²
Days on Market
-
Land Size
0.63 acres
Price per sqft
$283
Property Type
House
Property Taxes
$375
HOA Dues
$739
Year Built
2002
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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: 4 years ago (Bright MLS #584834)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 12, 2020 | Sold | ||
| Sold | |||
| Jan 15, 2019 | Listed by REAL ESTATE III - NORTH | $695,000 | |
| Listed by REAL ESTATE III - NORTH | |||
Property Highlights
Garage
Air Conditioning
Fireplace
With View
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
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Closing Price
Sold On
Sold On
HOA + Taxes
About Lake Monticello
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Listed by: CHERYL SPRANGEL
REAL ESTATE III - NORTH
Last Updated: 5 hours ago
Data Source: Bright MLS , MLS# 584834
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2026 Bright MLS, Inc.
REAL ESTATE III - NORTH
Last Updated: 5 hours ago
Data Source: Bright MLS , MLS# 584834
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