7 Westridge Road
About This Property
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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.
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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 |
|---|---|---|---|
| Jan 31, 2022 | Sold | ||
| Sold | |||
| Nov 4, 2020 | Listed by Four Seasons Sotheby's International Realty | $325,000 | |
| Listed by Four Seasons Sotheby's International Realty | |||
| Jul 31, 2020 | No longer available | - | |
| No longer available | |||
| Jul 29, 2019 | Listed | $425,000 | |
| Listed | |||
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A wonderfully maintained and charming home on a low traffic, no outlet street on the edge of the village of Cooperstown. This home has views of Otsego Lake and the award winning Leatherstocking Golf Course. Sitting on 1.97 acres of land, this property is close to all of the amenities that Cooperstown has to offer, but is tucked away on the quiet and solitude of a no outlet street. This three bedroom house features oak flooring on most of the first floor, a recently renovated basement, a charming floor plan, and one floor living. Many of the original features of the home are still available and in working order - including a foldout ironing table in the kitchen. With views of Otsego Lake, Leatherstocking Golf Course, and adjacent to (on upper end of property) the Farmers' Museum, this is a great location for boaters, fishermen, hikers, and museum goers alike - making this an ideal location for a rental property or a family home. As an investment property, the updated and semi-finished basement just needs your customization and should easily meet the new village standards for short-term rentals, but verification with the Village of Cooperstown will be needed as well as a permit. Current owner has updated the basement with many upgrades, but also has added a French drain in the rear of the house to increase drainage. Also, a permanent generator added recently with connection to electrical box. The manager has listed the unit size as 1300 square feet.
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| Jul 15, 2009 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017