8 Observatory Ln
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 |
|---|---|---|---|
| Apr 28, 2025 | Sold | ||
| Sold | |||
| Mar 17, 2025 | In contract | - | |
| In contract | |||
| Mar 4, 2025 | Price Decreased |
$575,000
↓ $20K
(3.4%) | |
| Price Decreased | |||
| Nov 24, 2024 | Listed | $595,000 | |
| Listed | |||
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Wow! So much work has been done in the last 4 years to this home. In 2020: new roof, replaced windows with Harvey double hung, 3 new storm doors, Mass Save added insulation & weather stripping, Hot water tank was replaced, Vinyl siding was done along with composite trim, new garage door with remote. The stove and vent hood were replaced Nov 2024. Dishwasher new 2022. Interior painted gray with white trim. In 2023, the front stairs were rebuilt. The main level offers 3 bedrooms, a full bath, living room with wood burning fireplace which is open to the kitchen. Big deck and backyard. The lower level with garage has laundry, bathroom, additional room that could be an office or play room or whatever you like! Pocasset location is so convenient to Barlows Landing Beach and boat launch as well as easy access to highway. Natural gas heat. All appliances will remain including washer and dryer and the mounted TV above fireplace.
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| Apr 30, 2020 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017