207 OAK AVENUE
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%.
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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 |
|---|---|---|---|
| Feb 4, 2026 | Sold | ||
| Sold | |||
| Jan 17, 2026 | In contract | - | |
| In contract | |||
| Jan 6, 2026 | Listed by Redfin Corp | $664,900 | |
| Listed by Redfin Corp | |||
| Oct 27, 2025 | Price Decreased |
$644,900
↓ $30K
(4.5%) | |
| Price Decreased | |||
| Oct 8, 2025 | Listed | $675,000 | |
| Listed | |||
| | |||
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This second-owner, 3-bedroom, 4-full-bath brick rancher in Severna Park’s water-privileged Cape Arthur community is nestled on a backroad with relaxing bird songs yet is conveniently located near restaurants, a grocery store, and much more. It’s freshly painted mostly with BM and SW paint and has a new water heater (2025). Enjoy the natural sunlight that shines through the Kelemer Brother’s windows in the entryway, dining room, sunroom, and kitchen (2023). New windows were also installed in the sunroom and all the bedrooms (approx. 2020). The exterior has aluminum gutters (with guards), soffits, a solar-powered attic vent fan, and Owen’s Corning TruDefinition roof shingles (2018). The main level features naturally warm red oak wood flooring. The unique cedar sunroom offers a relaxing retreat in the backyard. There is central heating (gas) and cooling, along with a cozy gas fireplace. The garage, which features its own split system for heating and cooling, has been converted to additional living space with its own private side-door entrance. The large basement has plenty of space for storage, and it would be a great space for recreation or entertaining. Additional benefits of this home include a fully fenced-in backyard, customizable lighting, and friendly neighbors. The optional HOA for the Cape Arthur community includes beach access, slots for kayaks, and piers for docking boats. The free amenities include a basketball court, tennis court, a large field with soccer nets, benches and grills, and a playground. This charming property won’t last long.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017