17 Cherry Lane Dr
About This Property
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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 |
|---|---|---|---|
| Dec 30, 2024 | Sold | ||
| Sold | |||
| Nov 20, 2024 | In contract | - | |
| In contract | |||
| Nov 6, 2024 | Listed by Leading Edge Real Estate | $774,900 | |
| Listed by Leading Edge Real Estate | |||
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Located on a quiet cul de sac in Reading's desirable West Side, 17 Cherry Lane Dr has been cherished by the same family for 47 years.This home presents opportunity to live in a coveted neighborhood & w/ your cosmetic updates & personal touches, make it your forever home.The main level offers 3 beds & 2 full baths, including a primary bathroom, offering convenience in your daily routine.The sun drenched 1st floor family room provides options for flexible space, as a playroom, office, or family gathering area. Step outside to a flat backyard w/ a deck perfect for grilling & gatherings.The lower level, w/ its ample ceiling height, is perfect for a movie room, rec room or exercise space.Convenient 2-car garage for easy access & storage. Abutting Joshua Eaton School, the property offers nearby spaces for sports activities & areas to play. Min away from 2 highway exits, & a short drive to the commuter rail, this spot is ideal for commuters.Don't miss the chance to live in a premier location!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017