2201 NE 38TH TERRACE
About This Property
Welcome to this beautifully maintained 3-bedroom, 2-bathroom home located in the highly desirable Heather Trace community. Built in 2007, this home offers the perfect blend of comfort,
style, and low-maintenance living. Key Features: Split floor plan with over 1,582 sq ft of living space, Tile flooring throughout main areas; carpet in bedrooms, Oak cabinetry and granite
countertops throughout the kitchen and baths, Crown molding in main living area and tray ceiling in the spacious primary suite, Large walk-in closet and jetted tub in the primary bath, Inside
laundry room for added convenience, Screened-in lanai plus an expanded brick paver patio, Mature landscaping enhances curb appeal.
Enjoy the peace of mind and ease of living with an HOA fee of just $95/month, which includes:
Lawn mowing, edging, hedge trimming, fertilizing, Yard pest control and irrigation system, Electric for streetlights and irrigation well, Maintenance and insurance for common areas
This is a rare opportunity to own a move-in-ready home in one of the area's most sought-after neighborhoods. Schedule your showing today!
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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 |
|---|---|---|---|
| Sep 12, 2025 | Sold | ||
| Sold | |||
| Sep 3, 2025 | In contract | - | |
| In contract | |||
| Aug 29, 2025 | Price Decreased |
$247,500
↓ $12K
(4.4%) | |
| Price Decreased | |||
| Aug 9, 2025 | Price Decreased |
$259,000
↓ $6K
(2.3%) | |
| Price Decreased | |||
| Jul 21, 2025 | Listed by HOMERUN REALTY | $264,990 | |
| Listed by HOMERUN REALTY | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017