Об этом объекте недвижимости
238 Greens Farms Road is rare in Westport or Fairfield County. It is a property offering a family residence and a legal second residence at its carriage house. Since there are few properties with an income feature in our area, we are not familiar with estimating its value. From a financial modeling perspective, residential rentals are evaluated like any other investment: by the ratio of their price to earnings (P/E). The national average P/E for residential rentals is 20 and Westport's would be higher. Using a P/E of 20 $19,200 annual earnings representing a $1,600 monthly rental solves for $384,000 in price. The $384,000 estimated evaluation compares well when looking at what $1,600 monthly can finance in the mortgage market today. At 4% it would finance a $335,000 30 year amortizing mortgage or an interest only loan of $480,000. At a P/E of 25, more likely for Westport, the evaluation estimate becomes $480,000. Every house 'has something.' 238 Greens Farms Road has a rental stream which addresses the 'elephant in the room' by providing a financial cushion in its price. It is reasonable that one could subtract $400,000 from the purchase price to estimate value of this income stream. Notionally, that is a reduction of 27% in the listing price. Please check with your financial planner to see how this transaction might work for you.
-
Удобства
- Attic
- Амбар / Конюшня
- Терраса / внутренний дворик
- Dishwasher
- Eat in Kitchen or Dining Room
- Oтдельная общая комната
- Fenced
- Столовая для официальных приемов
- Формальная гостиная
- Лифт
- Столовая для официальных приемов
- Закрытая баскетбольная площадка
- Porch
- Refrigerator
- Система безопасности
- Sitting Room
- Частное озеро
- Washer / Dryer in Bldg
- Камины (3+)
- Джакузи
- Дом для прислуги
- Central Air Conditioning
- Солярка
- Garage - Detached
- Parking
- Level
- Wooded
-
День для посещения
- 5/20/2012
: 2:00 PM-4:00 PM
Features
- Style:
- Colonial , See Remarks
- Style:
- Colonial , See Remarks
- Rooms:
- 11
- Rooms:
- 11
- Fireplaces:
- 2
- Fireplaces:
- 2
- Parking:
- 2-Detached Garage, Unpaved
- Parking:
- 2-Detached Garage, Unpaved
- Attic:
- YES
- Attic:
- YES
- Basement:
- Full, Unfinished, Walk-Out, Interior Access, Storage
- Basement:
- Full, Unfinished, Walk-Out, Interior Access, Storage
- Cooling:
- Central Air, Zoned
- Cooling:
- Central Air, Zoned
- Heating:
- Radiators, Zoned, Oil, Steam
- Heating:
- Radiators, Zoned, Oil, Steam
- Water:
- Septic, City Water
- Water:
- Septic, City Water
- Lot Desc:
- Wooded, Level, Sloping
- Lot Desc:
- Wooded, Level, Sloping
- Roof:
- Wood Shingle
- Roof:
- Wood Shingle
Schools
- Elementary:
- GREENS FARMS
- Elementary:
- GREENS FARMS
- Middle:
- BEDFORD
- Middle:
- BEDFORD
- High:
- STAPLES
- High:
- STAPLES
Additional Information
- Price Per Sq.Ft.:
- $300
- Price Per Sq.Ft.:
- $300
- Estimated Taxes:
- $18,254
- Estimated Taxes:
- $18,254
- Days On Market:
- 96
- Days On Market:
- 96
- Year Built:
- 1912
- Year Built:
- 1912