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1278 Honey Run Road
About This Property
Inside, the bright and inviting floor plan has been tastefully updated with luxury vinyl plank flooring, warm wood cabinetry, granite countertops, remodeled bathrooms, and a cozy painted brick fireplace. The spacious primary suite opens to the backyard, while the remodeled hall bath features a freestanding soaking tub with tranquil views of the surrounding greenery.
Step outside to a fully fenced backyard and expansive deck, perfect for morning coffee, outdoor dining, or simply enjoying the sights and sounds of nature. A circular driveway, attached two-car garage, RV parking potential, mature landscaping including roses, Meyer lemons, figs, blackberries, and thoughtful improvements throughout complete this move-in-ready retreat.
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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 |
|---|---|---|---|
| Oct 3, 2026 | Price Decreased |
$475,000
↓ $24K
(4.8%) | |
| Price Decreased | |||
| Sep 16, 2026 | Price Decreased |
$499,000
↓ $26K
(5%) | |
| Price Decreased | |||
| Jul 1, 2026 | Listed by Upside Real Estate | $525,000 | |
| Listed by Upside Real Estate | |||
| Jun 28, 2019 | Sold | ||
| Sold | |||
| Jun 7, 2019 | Listed by Century 21 Select Real Estate, Inc. | $348,000 | |
| Listed by Century 21 Select Real Estate, Inc. | |||
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This Butte Creek Canyon home has been newly remodeled from top to bottom! New roof, new kitchen, new baths plus much much more! Huge windows in the kitchen, dining area, and family room bring the outside in. Speaking of the outside, from the wrap around redwood deck you look out to the back yard neighbor which is a nature preserve! This home borders on two sides the 90+ acre Butte Creek Ecological Preserve which contains over one mile of creek frontage and a great array of wild plants and animals. ( Google it! ) You can live in the peaceful beauty of Butte Creek Canyon next to a nature preserve and be only 4.2 miles from Home Depot. Where you shouldn't have to go too often because this home is like new! Call your Realtor today to view this home and get a full list of the recent improvements! Homes do not come up for sale very often in "The Canyon". Don't miss this great opportunity!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017