31
Map
23002 Grand Rapids Lane
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 |
|---|---|---|---|
| Mar 20, 2026 | Sold | ||
| Sold | |||
| Mar 3, 2026 | In contract | - | |
| In contract | |||
| Feb 17, 2026 | Price Decreased |
$229,000
↓ $6K
(2.6%) | |
| Price Decreased | |||
| Jan 20, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Jan 19, 2026 | Listed by LPT Realty, LLC | $235,000 | |
| Listed by LPT Realty, LLC | |||
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This beautifully remodeled single-story home showcases a clean, modern exterior with fresh paint and a spacious two-car driveway. A brand-new roof is installed in January 2026, offering long-term value and peace of mind. Inside, every detail has been refreshed: three spacious bedrooms, two fully renovated bathrooms with contemporary finishes, and a bright, functional kitchen with modern cabinetry, refrigerator, washer, and dryer. Vaulted ceilings with exposed beams add character to the open living area, centered around a classic masonry fireplace. Large double-pane windows fill the space with natural light and offer views of the expansive backyard. The fenced outdoor area is level and ideal for entertaining, gardening, or future additions. A concrete patio and storage shed add utility. With thoughtful updates and well-proportioned spaces, this move-in-ready home delivers comfort, functionality, and lasting appeal for everyday living.
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About Timber Lane
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017