62 Fairmount Ave
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%.
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 29, 2024 | Sold | ||
| Sold | |||
| Mar 29, 2024 | In contract | - | |
| In contract | |||
| Mar 20, 2024 | Listed by Lyv Realty | $799,995 | |
| Listed by Lyv Realty | |||
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Picture perfect dormered cape boasting 4 bedrooms, 3 baths with a 1st floor primary suite completely renovated from top to bottom. Off the newly paved driveway enter into a bright & sunny large mudroom before entering the brand new kitchen, featuring new cabinets, appliances, quartz countertops, & a charming butcher block island connected to the dining area. Hardwood floors continue into the spacious living room with a cozy wood-burning fireplace. Down the hall there is a separate bonus room perfect for an office or play room. The 1st floor primary bedroom is spacious & offers ease of one level living, complete with a stunning en-suite bath. An additional half bath & laundry room round out this level. Upstairs, discover 3 additional bedrooms & a brand new full bathroom. Outside, entertain guests on the new deck or patio amidst the newly sodded fenced-in backyard. Nestled on a serene Saugus street, enjoy close proximity to highways, shopping, & Boston only a quick 20-minute drive away!
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| Oct 6, 2023 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017