7503 AXTON 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.
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 |
|---|---|---|---|
| Oct 8, 2024 | Sold | ||
| Sold | |||
| Sep 9, 2024 | In contract | - | |
| In contract | |||
| Sep 6, 2024 | Price Decreased |
$650,000
↓ $28K
(4.1%) | |
| Price Decreased | |||
| Aug 16, 2024 | Price Decreased |
$678,000
↓ $2K
(0.3%) | |
| Price Decreased | |||
| Aug 16, 2024 | Listed by Premiere Realty LLC | $680,000 | |
| Listed by Premiere Realty LLC | |||
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Exciting Opportunity in Highly Desirable North Springfield! This is the largest model of the split single-family homes in the community, featuring a full brick exterior with 4 bedrooms, 3 baths, and a fully finished basement. The expansive first floor living space includes a spacious, hardwood panelled, rustic-style family room with an additional fireplace, offering both privacy and a cozy ambiance. As you enter, you'll be greeted by an abundance of floor-to-ceiling windows at both the front and rear of the home, allowing the desirable natural light to fill the space. The fully finished basement provides direct access to the serene backyard, complete with full-sized windows, an updated bathroom, and a flexible open space that could serve as an office or be transformed into a master bedroom. The large, shaded backyard features a beautiful stone patio and flower beds that is ablaze with azaleas in season, making it perfect for family activities. This home is well-maintained with a roof in excellent condition (replaced in 2017) and top-quality vinyl windows that has manufacturer’s no cost service/replacement warranty for life. Recent upgrades include a brand-new dishwasher, washer, dryer, and under-cabinet range hood, as well as a newly paved asphalt driveway (2023). All 3 full baths and corian counters in the kitchen were all updated in 2018. Location, location, location! Situated inside the beltway, this home offers easy access to Braddock Road, I-495, and I-395, making your commute to Washington, DC a breeze. Lake Accotink Park is just a 15-minute walk away, offering nature trails and a beautiful lake to enjoy. North Springfield Elementary is only a 5-minute walk from the home. This property is being sold As-Is. This home imparts an aura of comfortable living that has provided its owners much enjoyment, which is their wish for their successors. Don’t miss this rare opportunity to invest in a home with so much potential! Sale as is, please fill the as is clause.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017