7012 COLGATE DRIVE
About This Property
Welcome to this exceptional 4-bedroom 2 bath cape cod in Bucknell! You will be surprised and delighted with the many thoughtful renovations.
As you enter the home you are welcomed into the light filled living and dining space. Just off this area are 2 bedrooms and a renovated full bath. From the updated the kitchen you will find not only an amazing great room with a vaulted ceiling but also a divine screened porch that immediately invites you in to stay for a while. From the screened porch you can step out to the deck and beautifully landscaped garden. You will discover a wide variety of plantings designed for both enjoyment and privacy. There is also a large walk-in shed in the rear of the garden. The great room also opens on to a spacious and nicely renovated laundry and utility room. It is a multi-functional room complete with a floored attic accessed from pull down stairs. From there you will find an additional bonus room that lends itself as either a home office, an exercise room or possibly a 5th bedroom.
Upstairs you will find 2 nicely appointed bedrooms and another renovated bath with a walk-in shower.
Please see the documents section for a time line and full description of the improvements that have been made by the current owners.
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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%.
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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.
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 17, 2023 | Sold | ||
| Sold | |||
| May 2, 2023 | In contract | - | |
| In contract | |||
| Apr 28, 2023 | Listed by Corcoran McEnearney | $695,000 | |
| Listed by Corcoran McEnearney | |||
| Dec 10, 2012 | Sold | ||
| Sold | |||
| Nov 2, 2012 | Listed by Corcoran McEnearney | $474,000 | |
| Listed by Corcoran McEnearney | |||
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About Groveton
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017