9 Redstone 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 |
|---|---|---|---|
| Sep 12, 2022 | Sold | ||
| Sold | |||
| Jul 13, 2021 | Listed by Compass | $3,195,000 | |
| Listed by Compass | |||
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Situated on the town side of Marblehead Harbor, this Shingle-style waterfront home offers seclusion and sweeping, breathtaking views. Built in 1992, this open floor plan home features a gracious foyer, an intimate dining room, a kitchen that opens to a sitting room and a fireplaced, harbor facing living room with floor to ceiling walls of glass. Offering three bedrooms and two full and one half baths, three wood burning fireplaces and an attached two car garage. The lower level features a terrific space that could be a home office, den or workout room. The grounds are lush with mature plantings and the home is enveloped in privacy. Join in the fun on the harbor from the private 12’ x 24’ deep water dock or just enjoy watching the ever changing and entertaining harbor activity from the multiple patios. Conveniently located within town, you are just steps from all that vibrant Marblehead has to offer with shopping, restaurants and cafes.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017