7 BELL LN
About This Property
The One YOU Have Been Waiting For: Check out this 4 bed/2.5 bath home located in the prestigious Sunset Ridge community. It is completely move-in ready condition. Just pack your bags and begin to live your best life. Everything has been done. The new roof was done in (2019); a new vinyl fence was installed (2021); both full bathrooms are fully renovated (2021/2022); most of the home has been freshly painted (2021), the kitchen was fully renovated in 2021; the HVAC system was replaced in 2018; the water heater was replaced (2019); the partially finished basement got new carpeting in (2019); 3 out of the 4 bedrooms recently got new carpet too (2021) and the main gas fireplace recently got a makeover in 2020. Several new windows to come soon!!! And if that wasn't enough the backyard is a private oasis. It features an in-ground swimming pool, a firepit, a hardtop gazebo and a shed. The home sits on a premium lot and backs to a wooded area.
Another great feature of this home is that it comes with solar panels to offset the cost of rising electricity bills. The owner owns them and pays $186 per month to finance them. As a result of owning them, they benefits from quarterly SREC credits! There is also an ADT security system with security cameras available for transfer. Finally the sellers are willing to transfer the balance of their Home Warranty thru Choice Warranty. There is a $65 dollar deductible however it covers the home and pool for any defects.
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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 |
|---|---|---|---|
| May 20, 2022 | Sold | ||
| Sold | |||
| Mar 31, 2022 | Listed by Better Homes and Gardens Real Estate Maturo | $509,990 | |
| Listed by Better Homes and Gardens Real Estate Maturo | |||
| Apr 29, 2016 | Sold | ||
| Sold | |||
| Oct 13, 2015 | Listed by Realmart Realty, LLC | $349,900 | |
| Listed by Realmart Realty, LLC | |||
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4 bedroom 2 1/2 bath 2 story 3146 sq ft house. Large family room with fire place and vaulted ceiling. Large master bedroom with nook and cathedral ceiling. 2 staircases. Large finished basement. New hardwood and slate flooring. Granite counter tops. New appliances. Large patio with gazebo. Inground pool. Irrigation system.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017