74 Grapevine Road #1
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 |
|---|---|---|---|
| Jun 30, 2014 | Sold | ||
| Sold | |||
| Apr 29, 2014 | Listed by Non Member Office | $875,000 | |
| Listed by Non Member Office | |||
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Open your front door and at once the drama of the waves breaking across the street beckon you through to your front deck. This Back Shore residence offers direct & sweeping views of the Atlantic from almost every window, welcoming you to enjoy the splendor of the sea in all seasons. Only 10 yrs young and a custom build w/all of the features you would expect in a year round oceanfront home, it's gracious amenities include an open floor plan, granite & stainless chef's kitchen, hardwood floors throughout, radiant heat in the bathrooms, central air & a 2 car garage. In the warmer months, gather on your deck w/the seashore as your backdrop or watch the full moon reflect over deep blue waters at night from your master suite balcony. Lovely landscaping & a generous yard add to the summer experience. In the winter, enjoy the thrill of a winter storm breaking over Bass Rocks, toasty in front of your living room fireplace. Popular Good Harbor and Niles Beaches are only a short distance away.
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Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
04/29/2014
|
2 Bed
|
3 Bath
|
2110 ft²
|
$875,000
2 Bed
3 Bath
2110 ft²
|
$862,000
-1.49%
06/30/2014
|
Kenny MacCarthy
RE/MAX Advantage Real Estate
| |
|
11/10/2003
|
2 Bed
|
3 Bath
|
2110 ft²
|
$770,000
2 Bed
3 Bath
2110 ft²
|
$770,000
01/11/2005
|
Lisa Nestor
Coldwell Banker Realty - Topsfield
| |
|
10/31/2003
|
2 Bed
|
3 Bath
|
2110 ft²
|
$750,000
2 Bed
3 Bath
2110 ft²
|
$755,000
+0.67%
06/14/2005
|
Kristin Gynda Bedell
Engel & Volkers Gloucester
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017