16 Tamarack Drive
About This Property
The kitchen boasts a generous walk-in pantry and flows effortlessly into a practical mud hallway with a convenient closet. Upstairs, the spacious primary suite includes a tray ceiling, luxurious soaking tub, and a large walk-in closet. Three additional bedrooms offer ample closet space, and a sizable laundry room adds everyday convenience. A charming front porch invites you to relax outdoors, and the full unfinished basement provides endless potential for customization.
Nestled in the scenic Hudson Valley, Elm Farm Estates is a vibrant new community where neighbors quickly become friends. This thoughtfully planned development will feature 52 brand-new homes with six unique floor plans to choose from-including elegant Colonials, stylish bi-levels, and spacious ranches-each offering modern design and quality construction.
Surrounded by nature and set against a peaceful wooded backdrop, Elm Farm Estates offers a perfect balance of privacy and community. You'll enjoy easy access to local amenities including boutique shops, restaurants, and parks. Located just minutes from I-84 and I-87 and a short drive to Metro North, commuting to nearby towns or New York City is a breeze. With Newburgh's growing business landscape and expanding career opportunities, now is the perfect time to find your place at Elm Farm Estates.
Visit our website for additional details and explore our 3D virtual tour of Elm Farm Estates. PLEASE NOTE: THIS IS A BRAND-NEW SUBDIVISION AND MAY NOT YET APPEAR ON GPS OR MAPPING SYSTEMS.
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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 24, 2025 | In contract | - | |
| In contract | |||
| Oct 3, 2025 | Listed by eXp Realty | $650,000 | |
| Listed by eXp Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017