608 Turnpike 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 |
|---|---|---|---|
| Aug 31, 2020 | Sold | ||
| Sold | |||
| Feb 9, 2020 | Listed by Four Seasons Sotheby's Int'l Realty | $999,000 | |
| Listed by Four Seasons Sotheby's Int'l Realty | |||
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Offering every convenience and checking every box, 608 Turnpike Road brings together all the elements of the perfect country home. Start with the spacious contemporary built in 1999 that is only 2.5 miles on flat, paved roads from the center of Norwich Village, the center of the Universe (Dan and Whits) and the Marion Cross Elementary School. Add to this ideal location, and its access to the highly respected Dresden school district, an interior that not only offers the kind of open floor plan everyone seeks but the space and volume created by soaring cathedral ceilings and open hallways on the first floor. Consider the ten-acre lot with abundant organic gardens, lawn and recreation space that abuts a babbling brook as well as a heated and finished outbuilding/shop into the mix and the stars seem to have aligned. The social center of the home is the spacious living room with cathedral ceilings. A dramatic raised hearth and floor-to-ceiling stone fireplace is the centerpiece of the open living room; the wood burning stove adds the right touch of both comfort and country charm. Sliding barn doors conceal the rooms audio visual installation. An open living room and the adjoining eat-in gourmet kitchen provide great views of the open backyard and graceful oxbow in the active, year round brook. A wrap around rear deck is accessed off the living room and overlooks an expansive flagstone terrace and a heated 3 car garage and heated and finished outbuilding complete the package.
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| Jun 29, 2015 | Sold | ||
| Sold | |||
| Feb 24, 2014 | Listed by Four Seasons Sotheby`s Int`l Realty | $949,000 | |
| Listed by Four Seasons Sotheby`s Int`l Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017