8 Arnold Terrace #8
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
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 |
|---|---|---|---|
| Jul 10, 2023 | Sold | ||
| Sold | |||
| Jun 6, 2023 | In contract | - | |
| In contract | |||
| May 30, 2023 | Listed by Compass | $580,000 | |
| Listed by Compass | |||
| | |||
|
Located within close proximity to a public beach and Old Town, this 3 bedroom, 2.5 bath condo/townhome offers the epitome of easy living. Featuring a lovely family room with wood burning fireplace, a formal dining room with french doors opening one of two decks, an updated granite and stainless steel kitchen with gas cooking and an adjacent sitting room. The main floor has oversized windows and floods the space in light. Upstairs are three bedrooms and large main bedroom with en-suite bathroom and ample walk-in closet. The other two bedrooms feature nicely sized closets and space and a full bath with laundry rounds out this floor. Enjoy time spent on your private composite deck and plenty of space in the basement for storage. An attached, heated garage allows you to drive right in and provides interior access! Gas heat, newer Lochinvar system, and so much more makes this an excellent opportunity to make Marblehead home. Open houses: Saturday & Sunday from 11-1pm.
| |||
| Aug 28, 2000 | Sold | ||
| Sold | |||
| Jun 11, 2000 | Listed | $249,000 | |
| Listed | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
05/30/2023
|
3 Bed
|
3 Bath
|
1792 ft²
|
$580,000
3 Bed
3 Bath
1792 ft²
|
$625,000
+7.76%
07/10/2023
|
Katie McClain
Engel & Volkers By The Sea
| |
|
05/01/2001
|
3 Bed
|
3 Bath
|
1664 ft²
|
$279,000
3 Bed
3 Bath
1664 ft²
|
$284,000
+1.79%
06/29/2001
|
David Guide
Sagan Harborside Sotheby's International Realty
| |
|
06/11/2000
|
3 Bed
|
3 Bath
|
1664 ft²
|
$249,000
3 Bed
3 Bath
1664 ft²
|
$248,000
-0.40%
08/28/2000
|
David Guide
Sagan Harborside Sotheby's International Realty
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017