87 Grey Ledge Road
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 11, 2024 | Sold | ||
| Sold | |||
| Sep 3, 2024 | In contract | - | |
| In contract | |||
| Aug 26, 2024 | Listed by Vermont Real Estate Company | $545,000 | |
| Listed by Vermont Real Estate Company | |||
| Apr 29, 2021 | Sold | ||
| Sold | |||
| Jan 5, 2021 | Listed by Coldwell Banker Hickok and Boardman | $475,000 | |
| Listed by Coldwell Banker Hickok and Boardman | |||
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At first glance this 3-bedroom house appears to be built in the traditional Cape Cod style, but once you're inside you'll see there is so much more to it. The tiled main entry/mud room leads on one side to an attached garage, and on the other side to the open kitchen/dining area, where the focal point is a substantial eat-at island with quartz countertop. A spacious bright living room has large windows on two sides and built-in shelving on an entire wall. Just off the living room is a generous nook that would make a great at-home office. Take six steps down from the kitchen and you are in the sunroom, with sliding doors and floor-to-ceiling windows that open to the landscaped backyard. Terracotta tiles and a propane stove make this a delightful family room. Go down six more steps and you are in the finished basement, with study, laundry, and recreation rooms. On the top floor, an en-suite primary bedroom has a heat pump, a walk-in closet, and heated tile flooring in the bathroom. Two more bedrooms and a full bath complete the upper level. Many recent upgrades include a standing-seam roof in 2020, a new furnace, two remodeled bathrooms, and a whole-house humidifier. Set back from the street, the private location is just minutes from downtown Middlebury's village green, shopping, and dining. Also nearby are excellent hiking, biking, and skiing, and many more outdoor activities. The house is special, the location is super, and the price is right.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017