218 CREE TER
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 |
|---|---|---|---|
| Mar 21, 2025 | In contract | - | |
| In contract | |||
| Mar 16, 2025 | Listed | $330,000 | |
| Listed | |||
| | |||
|
Step inside this beautifully updated and well maintained two-bedroom rancher, built in 2006, where the modern finishes and an open floor plan create a warm and inviting atmosphere. The brand-new luxury vinyl plank flooring (2024) flows seamlessly throughout the home, enhancing its modern appeal. Home has 36 inch solid wood doors that allow for mobility access and brand new recessed lighting (2024).
The spacious kitchen and dining area blend effortlessly into the family room, making it a perfect space for entertaining. The kitchen boasts of brand new quartz countertops (2024), solid maple cabinetry, new kitchen sink (2024), and brand new quality stainless steel appliances (2024), providing both style and functionality for any home chef.
The large primary bedroom features a bonus sitting area, offering flexibility to be used as a cozy retreat or can be converted into a large walk-in closet or third bathroom. The second bedroom is also very spacious. The convenience of main-level laundry adds to the home's practical layout. New Washer and Dryer (2024).
Downstairs, the large walk-out basement features a fully finished bathroom. The rest of the lower level awaits your personal touch. Whether you envision an additional living space, a bedroom, a workout area, or extra storage, the possibilities are endless.
Outdoor living is just as enjoyable with the maintenance-free 12' x 13' ft deck that flows right off the kitchen- perfect for sipping coffee in the morning or unwinding in the evening as you enjoy the elevated view of the private wooded backyard. New fencing installed (2024) is a perfect space for pets or play area.
You can also rest assured that your heating and cooling will work perfectly as a NEW HVAC was just installed in December of 2024!
The welcoming covered front porch along with the expansive circular driveway makes the home so inviting and functional. Don't miss out on this fantastic opportunity! This home is the definition of easy living.
| |||
| Jan 18, 2024 | Sold | ||
| Sold | |||
| Dec 30, 2023 | In contract | - | |
| In contract | |||
| Dec 21, 2023 | Listed by Cummings & Co. Realtors | $325,000 | |
| Listed by Cummings & Co. Realtors | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017