870 Heather Lane
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 |
|---|---|---|---|
| Feb 27, 2025 | Sold | ||
| Sold | |||
| Jan 14, 2025 | In contract | - | |
| In contract | |||
| Jan 8, 2025 | Listed by Compass | $3,599,000 | |
| Listed by Compass | |||
| Jul 3, 2024 | Temporarily off market | - | |
| Temporarily off market | |||
| Apr 12, 2024 | Listed by Compass | $1,099,000 | |
| Listed by Compass | |||
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Situated on a spacious half-acre lot, this charming 3 bed, 2 bath home is a sunlit haven. Enter the home through the beautifully appointed foyer that leads to a spacious family room featuring a wood-burning fireplace and a picturesque bay window overlooking the large yard. The cozy yet bright atmosphere is perfect for relaxing and entertaining. The open concept layout connects the family room to the recently updated gourmet kitchen featuring a very large eat-in and lounge area, and a wet bar connecting the family room to the kitchen. There is also convenient workspace built in desk adjacent to the family room. Retreat to the tranquility of the bedrooms, including a primary bedroom with ensuite bathroom and walk in closet, and 2 additional bedrooms and a full bathroom. The backyard is expansive and inviting and includes a cozy firepit, and two paver patio spaces, perfect for outdoor gatherings and relaxation. Complete with a 2-car attached garage and a large walk up attic with plenty of storage space, this home offers the perfect blend of comfort and convenience in an unbeatable Winnetka location.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017