705 Spindlewood
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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 22, 2024 | Sold | ||
| Sold | |||
| Sep 6, 2023 | Listed by Ride Realty, LLC | $695,000 | |
| Listed by Ride Realty, LLC | |||
| Aug 6, 2023 | No longer available | - | |
| No longer available | |||
| Jul 7, 2023 | Price Decreased |
$799,000
↓ $40K
(4.8%) | |
| Price Decreased | |||
| Mar 2, 2023 | Listed by Ride Realty LLC | $839,000 | |
| Listed by Ride Realty LLC | |||
| | |||
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Price Adjustment! In a gorgeous natural setting with established hardwoods, flowering trees, perennials, and garden spaces, this home is nestled on 1.33 acres in nationally recognized Fearrington Village. Positioned between the university town of Chapel Hill and charming Pittsboro, Fearrington is surrounded by scenic rolling hills and pastures and offers on-site retail stores and restaurants. This home is well-appointed with Brazilian hardwood floors, cathedral and tray ceilings, skylights, high-end appliances, gas range, and granite counters. Natural light flows through the spacious floor plan with deck access from the living room and elegant dining room. Features include a butler’s pantry, a family room with direct access to large two-car garage, and a private, fenced backyard. Relax in the main floor primary bedroom with sitting area and spa-like bathroom; jacuzzi tub and walk-in shower. Two ample bedrooms and full bath are on the second level. Enjoy the farmer’s market, spa, access to Swim & Croquet Club, fitness center, ponds, gardens, walking trails, and one of the country’s best bookstores The manager has listed the unit size as 3181 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017