706 Gazebo Cir #706
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%.
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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 |
|---|---|---|---|
| Nov 29, 2017 | Sold | ||
| Sold | |||
| Oct 16, 2017 | Listed by Advise Realty | $384,900 | |
| Listed by Advise Realty | |||
| | |||
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Another opportunity to enjoy the small neighborhood feel of Summit Village in Reading. A near perfect commuter's location, just minutes to major highways, public trans., shops and restaurants. This updated 2BR / 1.5 Bath unit has seen many recent improvements including updated kitchen, newer countertops with breakfast bar, SS undermount sink, newer appliances, gleaming hardwood flooring in the kitchen and updated powder rooms. Additional updates include newer hot water heater, fresh carpeting and paint, 'Nest' wi-fi thermostat and more. Features a bright & sunny open floor plan with main floor laundry, a fire-placed living area and separate dining area that leads to a private balcony. Master bedroom with large walk-in closet, separate vanity with private entrance to the full bath, and slider leading to a 2nd private balcony. Guest BR which can also serve as a gym or office space. Full size garage under with separate entrance into the unit, and off-street parking spot in driveway
| |||
| Jun 25, 2013 | Sold | ||
| Sold | |||
| Apr 3, 2013 | Listed by Compass | $289,000 | |
| Listed by Compass | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
10/16/2017
|
2 Bed
|
2 Bath
|
1178 ft²
|
$384,900
2 Bed
2 Bath
1178 ft²
|
$395,000
+2.62%
11/29/2017
|
Jeffrey Jadul
True North Realty
| |
|
04/03/2013
|
2 Bed
|
2 Bath
|
1178 ft²
|
$289,000
2 Bed
2 Bath
1178 ft²
|
$279,000
-3.46%
06/25/2013
|
Lucille Murray
Compass
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017