7 Michael Ln
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 |
|---|---|---|---|
| Oct 20, 2017 | Sold | ||
| Sold | |||
| Jul 30, 2017 | Listed | $775,000 | |
| Listed | |||
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Absolutely Stunning Colonial located in a premier neighborhood within walking distance to downtown Mansfield. Thoughtfully designed landscaping has something blooming from spring to fall! Inside you’re greeted by a grand staircase & gleaming HW floors. First floor features a stunning gourmet kitchen, large island with seating for 4-6, SS appliances, refinished floors, tray ceilings, & crown molding. Kitchen opens into a large vaulted ceiling family room with impressive stone fireplace, built in surround sound, & oversized windows. The sun room overlooks the back deck, brick patio, pergola, & private flat backyard. Large dining room, formal living room, private office, & ½ bath finish the first floor. The 2nd level boasts a large master suite w/full bath, glass shower, Jacuzzi tub, & double vanity. Large 3 room finished basement w/ full bath. Terrific commuter location close to 495 & 95, downtown, shopping, & schools. Shown by appt. only.The manager has listed the unit size as 4450 square feet.
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| May 3, 2017 | Listed by RE/MAX Real Estate Center | $749,900 | |
| Listed by RE/MAX Real Estate Center | |||
| Mar 31, 2004 | Sold | ||
| Sold | |||
| Jan 22, 2004 | Listed by RE/MAX Real Estate Center | $749,900 | |
| Listed by RE/MAX Real Estate Center | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017