1507 Gainesboro Drive
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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 |
|---|---|---|---|
| Jun 12, 2024 | Sold | ||
| Sold | |||
| May 30, 2024 | Listed by Baird & Warner | $565,000 | |
| Listed by Baird & Warner | |||
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Multiple offers received, highest & best due 6-2-24, Sunday, by 6 pm. Be prepared to be WOWED by this gorgeous split level with full finished sub-basement! Larger than your average split level with 3 bedrooms & 2.1 bathrooms, this home's oversized layout works for everyone. This home is located on a quiet tree-lined street in the desirable Briarcliffe Knolls neighborhood in the highly rated Wheaton school district! This home exudes curb appeal as you walk up to the newer concrete driveway & concrete front steps. The new front door has gorgeous glass designs as you enter the large foyer. Stunning & high quality Brazilian cherrywood flooring runs throughout the whole home. The kitchen was completely updated in 2023 with beautiful white cabinetry with crown molding & large island with top of the line quartz countertops! The 2nd floor boasts a large primary suite with your own private bathroom that has been updated & freshly painted. The 2nd floor is rounded out with a large guest bathroom & 2 large bedrooms with closet systems & overhead ceiling fan lighting! The lower level family room flows from the open concept kitchen and has continued hardwood flooring & beautiful gas starting, wood-burning fireplace! Off of the family room is a cute office alcove for your work-from-home needs! The sub-basement was finished in 2023 with modern high-quality laminate vinyl plank flooring! A great space for a 2nd family room, kids playroom, or home gym! This home is finished out with an absolutely awesome backyard oasis complete with 2 patios & gorgeous pergola that is drilled into the concrete! New full tear-off roof in 2016! One of the best locations in Wheaton: minutes away from Danada shopping center, all of the fine dining & shops of downtown Wheaton, Rice Pool & Water Park, & multiple playgrounds and walking trails offered through the Wheaton Park District! Commuters dream location, only minutes to the Metra with easy access to the highways & expressways! Beautiful, move-in ready home located in a quiet & family-friendly neighborhood, just 1 block to the elementary school! This home really has it all!!
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| Jun 2, 2017 | Sold | ||
| Sold | |||
| Feb 26, 2017 | Listed by RE/MAX Destiny | $399,900 | |
| Listed by RE/MAX Destiny | |||
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About Wheaton
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017