164 Cornelison Road SE
About This Property
Discover country living at its best with this well-maintained 3 bedroom, 2 bath brick home nestled on 7.5 picturesque acres. The home features formal
Living and Dining Room, spacious kitchen, large laundry room, with 1/2 bath, Den with gas log fireplace. The home has a finished basement offering a full bath, cozy living area, and two additional rooms-perfect for extra bedrooms, office space, or a hobby area. There is space for a kitchenette to be added. Hot and Cold Waterlines are in place, as well as a 220 volt wiring.
Updates include newer windows and plumbing lines, providing peace of mind and improved energy efficiency.
Outside, you'll find a versatile barn/workshop equipped with electricity and water, 2 horse stalls and a tack room, ideal for equestrian needs, storage, or a hobbyist's dream workspace. A separate tractor shed, with water, will always be welcome! The property is dotted with mature trees, offering privacy, space to roam, and stunning views.
Whether you're starting a hobby farm, need extra space, or simply want serene country living, this property has it all!
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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 |
|---|---|---|---|
| Oct 17, 2025 | Sold | ||
| Sold | |||
| Oct 3, 2025 | In contract | - | |
| In contract | |||
| Aug 17, 2025 | Price Decreased |
$499,900
↓ $15K
(2.9%) | |
| Price Decreased | |||
| Aug 2, 2025 | Price Decreased |
$515,000
↓ $20K
(3.7%) | |
| Price Decreased | |||
| Jul 23, 2025 | Price Decreased |
$535,000
↓ $15K
(2.7%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017