1038 Cherryvale Rd
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 |
|---|---|---|---|
| May 31, 2024 | Relisted | $1,925,000 | |
| Relisted | |||
| May 28, 2024 | Sold | ||
| Sold | |||
| Apr 24, 2024 | In contract | - | |
| In contract | |||
| Apr 18, 2024 | Listed by Fox Property Management | $1,950,000 | |
| Listed by Fox Property Management | |||
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Discover a rural sanctuary offering half an acre of organic bliss adorned with artistic touches. The property boasts three distinct buildings, including a tastefully renovated 1925 Bungalow with a main floor primary and second floor suite. This property also featuring a two-story south-facing sunroom. Additionally, you will find two meticulously renovated studio spaces - Haven and Sunrise. Each studio features modern amenities providing a comfortable and inviting atmosphere for guests. With well water for irrigation supporting the lush organic gardens, fruit trees, and a variety of evergreens and deciduous trees, the setting is truly idyllic. Nestled amongst a serene courtyard, this Boulder original stands alone, offering a unique blend of rural tranquility and artistic inspiration that sets it apart from any comparable property in the area.
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| Sep 3, 2008 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017