$4,850,000
●
House -
Off Market
74 Island Drive
Rye City, NY 10580
5 Beds
4 Baths,
1
Half Bath
5,582 Ft²
$6,679,278
RealtyHop Estimate
33.72%
Since Nov 1, 2020
National-US
Primary Model
About This Property
Live an idyllic vacation lifestyle all year round in this direct
waterfront on Manursing Island. Newly priced and staged home
accentuates sun-filled water views with easy indoor/outdoor living
in the only 24 hour security gated community in Rye.
Privately nestled home directly on the sanctuary of Mill Pond
with panoramic water views. Custom built 2004 remodeled home built
of the finest materials designed to enhance views throughout the
living spaces. Architectural details include vaulted ceiling in
large family room off kitchen with walls of sliding doors out to
the patio, parquet floors and french doors in gracious living room
with access to terrace. Extensive elevated patios overlooking
stunning in-ground heated pool. Unique and special location.
Association dock and access to private association beach. Not
to be missed. Sewer hook up on street. Special features available.
First floor bedroom/den with full bath in hall. Additional
Information: HeatingFuel:Oil Above Ground,ParkingFeatures:2 Car
Attached,
Unit Size
5,582 Ft²
Days on Market
-
Land Size
0.74 acres
Price per sqft
$895
Property Type
House
Property Taxes
$7,615
HOA Dues
-
Year Built
1949
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 4 months ago (OneKey MLS #KEYH6007852)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 28, 2020 | Sold | ||
| Sold | |||
| Jul 18, 2020 | No longer available | - | |
| No longer available | |||
| Jul 17, 2020 | In contract | - | |
| In contract | |||
| Jun 26, 2020 | Price Decreased |
$4,995,000
↓ $255K
(4.9%) | |
| Price Decreased | |||
| Apr 7, 2020 | Listed by Julia B Fee Sothebys Int. Rlty | $5,250,000 | |
| Listed by Julia B Fee Sothebys Int. Rlty | |||
| | |||
|
Live an idyllic vacation lifestyle all year round in this direct waterfront on Manursing Island. Newly priced and staged home accentuates sun-filled water views with easy indoor/outdoor living in the only 24 hour security gated community in Rye. Privately nestled home directly on the sanctuary of Mill Pond with panoramic water views. Custom built 2004 remodeled home built of the finest materials designed to enhance views throughout the living spaces. Architectural details include vaulted ceiling in large family room off kitchen with walls of sliding doors out to the patio, parquet floors and french doors in gracious living room with access to terrace. Extensive elevated patios overlooking stunning in-ground heated pool. Unique and special location. Association dock and access to private association beach. Not to be missed. Sewer hook up on street. Special features available. First floor bedroom/den with full bath in hall. The manager has listed the unit size as 5582 square feet.
| |||
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Property Highlights
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Air Conditioning
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Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
Beds
Baths
ft²
Price/ft²
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Listed On
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About Rye
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Last Updated: 4 months ago
Data Source: OneKey MLS
Data Source: OneKey MLS
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