88 Locust Street
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 12, 2024 | Sold | ||
| Sold | |||
| Feb 13, 2024 | In contract | - | |
| In contract | |||
| Feb 6, 2024 | Listed by Lamacchia Realty, Inc. | $839,900 | |
| Listed by Lamacchia Realty, Inc. | |||
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This charming colonial-style home invites you to experience a perfect blend of classic elegance & modern comfort. This 4-bedroom, 2.2 bathroom residence offers character & warmth. Come inside to be immediately impressed w/ the gleaming hardwoods & excellent craftsmanship in the foyer. The living room provides a cozy space to warm up next to the fire & entertain. The kitchen is a culinary haven w/ stainless steel appliances & ample counter space. Enjoy meals at the kitchen island, in the adjacent dining area or head outside to the private backyard oasis, ideal for outdoor entertaining. The bedrooms are spacious and bathed in natural light. The primary suite offers a relaxing retreat w/ custom built ins, wood feature wall, an ensuite bath and spacious walk-in closet. Additional features include a versatile bonus room, perfect for a home office or playroom. 2 car garage and MORE! Conveniently located minutes to the Rail Trail and downtown Danvers.
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| Nov 5, 2020 | Sold | ||
| Sold | |||
| Sep 16, 2020 | Listed by Lamacchia Realty, Inc. | $674,000 | |
| Listed by Lamacchia Realty, Inc. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017