714 Lake 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%.
How much can I actually make?
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 |
|---|---|---|---|
| Dec 17, 2024 | Sold | ||
| Sold | |||
| Nov 12, 2024 | In contract | - | |
| In contract | |||
| Aug 28, 2024 | Listed by Homesmart Realty Group IL | $159,000 | |
| Listed by Homesmart Realty Group IL | |||
| May 23, 2024 | Sold | ||
| Sold | |||
| Apr 9, 2023 | Listed by HomeSmart Realty Group | $599,000 | |
| Listed by HomeSmart Realty Group | |||
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Welcome to your luxurious lakeside retreat! This stunning all-brick ranch home boasts three bedrooms and two and a half baths, providing ample space for both relaxation and entertainment. Situated on the picturesque lakefront, this property features a private dock, perfect for launching your paddle board or pedal boat or casting a line to reel in a catch. This dock also has a lift for a jet boat.The home's first-floor living design ensures easy access to all of the main living areas, while an additional attic with full interior stairs provides ample storage space for all your treasured possessions. Enjoy the warmth and comfort of in-floor heating on both levels, ensuring a cozy atmosphere during the cooler months. Located just a stone's throw away from the Spring Brook Marina, you'll have access to all the water-based activities your heart desires. Meanwhile, the professionally landscaped yard features a stunning waterfall and outdoor oasis, complete with a variety of levels to explore. Feed the ducks on the lakeside level, roast marshmallows by the firepit on the second level, or relax in the covered cabana while watching your favorite show on the outdoor TV on the third level. Inside, you'll find a beautifully appointed stone fireplace and upgraded kitchen appliances, perfect for entertaining guests or just cozying up with your loved ones. The open floor plan provides a seamless flow from room to room, while the private office, hobby room, and exercise room provide plenty of space for work and play. The three-car heated garage with epoxy floor provides ample space for all your vehicles, while the furnishings are negotiable, allowing you to customize the space to your liking. Whether you're seeking a full-time home or a luxurious vacation retreat, this property has it all. Don't miss your chance to make this stunning lakeside property your own!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017