1303 Cherry Drive
About This Property
This rare find offers 1,405 sq ft of charm on nearly a full acre-with no HOA and a fenced backyard! Step inside to discover brand new luxury vinyl plank flooring, sparkling granite countertops, modern light fixtures, and a new back deck with sliding glass door-all freshly updated for its next lucky owner. Featuring 3 spacious bedrooms, 2 full and one half bathrooms, a 2-car garage, an additional storage shed, and a full walk-out unfinished basement, the possibilities are endless. Whether you're dreaming of a workshop, crafting space, home gym, or ultimate man cave-this home delivers the flexibility you need. Located in the heart of Burlington, just minutes from shopping, dining, and everyday conveniences. This one truly has it all ..space, updates, location, and freedom. Don't miss your chance to own this gem!
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Cap Rate Calculator
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 |
|---|---|---|---|
| Jan 5, 2026 | Sold | ||
| Sold | |||
| Nov 18, 2025 | In contract | - | |
| In contract | |||
| Oct 24, 2025 | Price Decreased |
$310,000
↓ $5K
(1.6%) | |
| Price Decreased | |||
| Sep 24, 2025 | Price Decreased |
$315,000
↓ $15K
(4.6%) | |
| Price Decreased | |||
| Jul 31, 2025 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017