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8 Granite Avenue
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 |
|---|---|---|---|
| Oct 12, 2021 | Sold | ||
| Sold | |||
| Sep 9, 2021 | Listed by Century 21 North East | $425,000 | |
| Listed by Century 21 North East | |||
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LOCATION, LOCATION, LOCATION - This Beautiful New Englander Home is located in the heart of Salem in a mature neighborhood, close to the highway making it a great commuter location and only 1 mile to the new Tuscan Village. Cute covered front porch as you enter the front door. The first floor has a handy side entrance that leads into the dining area and updated kitchen. It also has a large open flow room big enough to have a family area and living room. New French door leading to the huge back yard. The laundry room is also on the first floor and has a 3/4 bathroom in it as well. The second floor has three bedrooms, office area and a full bath. There are hardwood floors throughout that have just been refinished. The house is situated on an oversized / just under a 1/2 acre lot that's all open on a beautiful semi flat lot with mature shrubs, plants and trees making it a great potential for expansion, garage, pool etc.. The potential and future of this wonderful property appears very bright. The basement is clean and ready to be finished if you need additional space. Public water and public sewer complete this move-in ready home! Home is a great commuter quick to highways, shopping, dining, schools, parks and the new Tuscan Village.
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| Apr 9, 2021 | Sold | ||
| Sold | |||
| Mar 17, 2021 | Listed | $250,000 | |
| Listed | |||
| Sep 4, 2013 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017