85 Potter Pond #85
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 |
|---|---|---|---|
| Jun 13, 2017 | Sold | ||
| Sold | |||
| Mar 23, 2017 | Listed by eXp Realty | $525,000 | |
| Listed by eXp Realty | |||
| | |||
|
Buyer's remorse is your gain! Who is ready to downsize into their new forever home? This Potter Pond condo is for you! One floor living, nicely updated, ready for the couple who doesn't want to leave Lexington but wants to downsize their home. An open floor plan to keep the great room feel of your big home but on a different scale, this unit has that. A dining area big enough for your grandmother's table that you just can't part with, this unit has that. An updated kitchen with lush cabinets and surfaces, this unit has that. Great natural light from the sliders to your very private deck allows you to still feel like you live in the big house, but you don't have to take care of anything! A master bedroom with just enough closets to hold your retirement wardrobe. A second bedroom/study that has lovely light. A pull down attic for the childhood mementos you just can't part with and a one car garage with extra space for storage.
| |||
| May 31, 2012 | Sold | ||
| Sold | |||
| Aug 1, 2011 | Listed by 617 Real Estate Group, LLC | $369,000 | |
| Listed by 617 Real Estate Group, LLC | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
03/23/2017
|
2 Bed
|
2 Bath
|
1049 ft²
|
$525,000
2 Bed
2 Bath
1049 ft²
|
$500,000
-4.76%
06/13/2017
|
John Yu
Century 21 Shawmut Properties
| |
|
08/01/2011
|
2 Bed
|
2 Bath
|
1030 ft²
|
$369,000
2 Bed
2 Bath
1030 ft²
|
$359,775
-2.50%
05/31/2012
|
Patrick Millane
617 Real Estate Group, LLC
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017