237 CORNWELL DR
About This Property
As you enter the home, you're greeted by an elegant staircase that adds a touch of architectural flair and offers easy access from the foyer and there is even a second staircase in the family room. This unique feature enhances the flow and openness of the layout, perfect for both entertaining and everyday living. The first floor also includes a dedicated home office, ideal for remote work, studying, or pursuing hobbies.
The main level is designed for comfort and versatility, with a spacious family room that flows effortlessly into the kitchen and dining areas. The kitchen offers ample cabinetry and counter space, awaiting your personal touches to create a space that truly meets your culinary and entertaining needs.
Step outside to the expansive backyard, where you'll find a beautifully shaped in-ground pool that provides a refreshing escape on warm days. Two storage sheds in the rear yard add extra convenience, offering plenty of room for storing pool supplies, gardening tools, and outdoor equipment, keeping everything neatly organized. The mature trees and landscaped areas add a sense of tranquility and privacy, making this yard an ideal setting for family gatherings, barbecues, and relaxation.
While the home requires a new roof and is being sold as-is, it presents a fantastic opportunity to customize and enhance each room to your taste. To add to the unique appeal, the contents of the home are included in the sale, giving you a starting point to reimagine the space or incorporate elements as you transform the property.
With classic design elements, spacious interiors, and endless potential, 237 Cornwell Dr offers a rare chance to create a truly personalized home in a charming community. Imagine the possibilities as you bring your vision to life in this Newark gem-don't miss out on making it your own. Please note that there are only showings during the daytime. Possibly a mold like substance in the basement. Seller shall do no repairs on the property. Priced below market price!
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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 |
|---|---|---|---|
| Dec 16, 2024 | Sold | ||
| Sold | |||
| Nov 17, 2024 | In contract | - | |
| In contract | |||
| Nov 8, 2024 | Listed by EXP Realty, LLC | $450,000 | |
| Listed by EXP Realty, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017