708 Prospect Street
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.
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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 |
|---|---|---|---|
| Apr 22, 2025 | Price Decreased |
$1,195,000
↓ $55K
(4.4%) | |
| Price Decreased | |||
| Feb 26, 2025 | Listed | $1,250,000 | |
| Listed | |||
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Location, Setting, Views! It's All Here! Step into the timeless elegance of this exquisite 1850's Cape-style farmhouse, gracefully nestled on 2.5 acres of picturesque village land in the heart of Manchester. With 5 spacious bedrooms and 5 bathrooms, this exceptional home seamlessly blends historic charm with modern comforts. The property boasts breathtaking easterly views, visible from the cozy kitchen window seat, expansive back patio, deck, and even while relaxing in the hot tub. The impressive great room invites natural light and highlights the stunning outdoor scenery, all while offering the warmth of a gas fireplace. A sun-filled kitchen serves as the heart of the home. Adjacent, the den offers a cozy space for movie nights or quiet relaxation. The formal dining room, featuring its own fireplace, is perfect for hosting everything from intimate dinners to larger celebrations. A wet bar, conveniently located to serve both indoor and outdoor spaces, enhances the home's entertaining potential. The unique floor plan exudes charm, with a mix of intimate nooks and private areas, perfect for creating your own retreat within the home. Just moments from Burr and Burton Academy, the scenic Equinox Preserve, and the vibrant heart of Manchester Village, this property offers the ideal blend of tranquility and in-town convenience. With its rich character, thoughtful updates, and unparalleled location, 708 Prospect Street is truly a place to call home.
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| Sep 10, 2021 | Sold | ||
| Sold | |||
| Jun 29, 2021 | Listed by Josiah Allen Real Estate, Inc. | $779,000 | |
| Listed by Josiah Allen Real Estate, Inc. | |||
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Location...Setting...Views..! Rare 1850's renovated extended cape style farmhouse boasting 5 bedrooms, 5 bathrooms on 2.5 village acres. Lovely easterly views. Bright and sunny eat in country kitchen. Formal dining room. Den. Great room with stone fireplace, with propane insert, lending itself to elegant but gracious living. Located in close proximity to Burr and Burton Academy, Equinox Preserve and Manchester village amenities. Abounding charm and character right here at 708 Prospect Street in the heart of Manchester Village!..."Home Sweet Home"..if you are lucky!
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| Nov 21, 2014 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017