Lot 68-1 Merrill Lane
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 |
|---|---|---|---|
| Mar 26, 2024 | Sold | ||
| Sold | |||
| Dec 22, 2023 | Sold | ||
| Sold | |||
| May 12, 2023 | Listed by Monument Realty | $600,000 | |
| Listed by Monument Realty | |||
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Located on scenic Merrill Lane, this 3 acre lot offers the discerning buyer the rare opportunity to build the home of their dreams in picturesque Hollis NH. Adjacent lot is also available. Please do not walk lot without an appointment.
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| Nov 29, 2010 | Sold | ||
| Sold | |||
| Jul 29, 2009 | Listed by RE/MAX Innovative Properties - Hollis | $299,900 | |
| Listed by RE/MAX Innovative Properties - Hollis | |||
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A rare opportunity to build in a choice Hollis location. Approved building lot on lovely Merrill Lane offers pastoral views, convenient location on 3 spectacular acres. Taxes are to be determined.
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