986 Chapel Hill 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 |
|---|---|---|---|
| Jun 18, 2024 | Sold | ||
| Sold | |||
| May 4, 2024 | In contract | - | |
| In contract | |||
| Apr 25, 2024 | Listed by Meg Streeter Real Estate | $25,000 | |
| Listed by Meg Streeter Real Estate | |||
| Nov 28, 2023 | No longer available | - | |
| No longer available | |||
| Aug 18, 2023 | Listed by Meg Streeter Real Estate, P.C. | $25,000 | |
| Listed by Meg Streeter Real Estate, P.C. | |||
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In a well-established country neighborhood, this one acre lot has good road frontage, is relatively level and has had numerous trees and flowering shrubs added over the past decades. No soils testing has been done. Buyers should confirm with the Whitingham Zoning department that the lot is grandfathered for development provided a VT wastewater permit is obtained. This lot is also being offered for sale (MLS #4954469) with the house located at 985 Chapel Hill Road and is part of the three acres mentioned in that fact sheet. The seller reserves the right to accept an offer at any time for this lot, neighboring lot #28, the house at 985 Chapel Hill Road. This lot is currently included on the tax bill for 985 and shares its SPAN #. The 911 # is estimated and will be adjusted by the town if sold separately from 985 Chapel Hill Road.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017