116 Hidden Cellars Drive
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 |
|---|---|---|---|
| Oct 16, 2025 | Sold | ||
| Sold | |||
| Sep 12, 2025 | In contract | - | |
| In contract | |||
| Jul 23, 2025 | Price Decreased |
$450,000
↓ $10K
(2.2%) | |
| Price Decreased | |||
| Jun 28, 2025 | Listed by Coldwell Banker Advantage | $460,000 | |
| Listed by Coldwell Banker Advantage | |||
| | |||
|
Open Floor Plan, Flat Backyard, Amazing Location!''
This spacious 3-bedroom + Bonus, 2.5-bath home with a versatile bonus room! The two-story foyer makes a stunning first impression, leading to a granite kitchen with breakfast bar and nook, a formal dining room, and a cozy living room with fireplace. Upstairs, the primary suite offers a garden tub and walk-in closet, while secondary bedrooms provide plenty of comfort and storage.
The flat, private backyard is ideal for entertaining with a deck, fire pit, and two sheds for extra storage. Neighborhood amenities include a pool, clubhouse, playground, and nearby access to the Holly Springs trail system. Don't let the driveway fool you—you can easily get any and all vehicles up the driveway, and once inside you'll find an open, inviting home with tons of great living space.
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| Sep 8, 2022 | Sold | ||
| Sold | |||
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About Somerset Farm
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017