2098 HERMITAGE Place
About This Property
One Acre. NO HOA. Built in 2023.
This is the combination buyers keep searching for -- newer construction with real land and flexible financing options.
Built in 2023, this 3-bedroom home features an open-concept layout with granite countertops, stainless steel appliances, durable vinyl plank flooring, and a split-bedroom design built for everyday living.
Step outside through French doors to a full acre of usable, unrestricted property. Park the RV. Bring the boat. Add chickens. Build a workshop or garden -- no HOA approvals, no parking restrictions, and no limits on how you use your land.
With major systems still young and the AC recently serviced, buyers gain the peace of mind that comes with newer construction without the timeline or uncertainty of building from scratch.
USDA eligibility, acreage, newer construction, and no HOA restrictions are a rare combination in one property.
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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 |
|---|---|---|---|
| Jun 15, 2026 | Price Decreased |
$378,000
↓ $500
(0.1%) | |
| Price Decreased | |||
| May 18, 2026 | Price Decreased |
$378,500
↓ $1K
(0.3%) | |
| Price Decreased | |||
| Mar 23, 2026 | Price Decreased |
$379,500
↓ $500
(0.1%) | |
| Price Decreased | |||
| Mar 12, 2026 | Price Decreased |
$380,000
↓ $8K
(2.1%) | |
| Price Decreased | |||
| Feb 25, 2026 | Listed by HERRON REAL ESTATE LLC | $388,000 | |
| Listed by HERRON REAL ESTATE LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017