240 Redbud Dr
About This Property
The gourmet kitchen features a full suite of GE stainless steel appliances, including a French door refrigerator with a bottom freezer and ice maker, a gas range and oven, a sleek dishwasher, and a modern stainless farmhouse sink-perfect for culinary enthusiasts.
The open-concept great room boasts a cozy gas fireplace, ideal for relaxing evenings. In addition to the central heat and air, a whole-house QuietCool fan with customizable timer settings ranging from one to eight hours ensures maintaining pleasant evenings. Ceiling fans throughout the home also provide year-round comfort.
Step outside and enjoy the concrete-covered front porch with recessed lighting, or relax on the covered rear patio, also with recessed lighting, offering easy access from both the living room and master bedroom-perfect for indoor-outdoor living. The A/C condenser unit is thoughtfully placed near the garage, ensuring peace and quiet outside your master bedroom.
Other highlights include a tankless gas water heater in the garage for endless hot water, a separate laundry room with a stainless steel sink for added convenience, and a spacious circular concrete driveway providing ample parking. The expansive half-acre parcel offers plenty of room for outdoor activities.
Located in an exclusive and tranquil neighborhood, this home provides the perfect setting for evening walks and breathtaking sunsets.
Escrow (#7032164) is pre-opened with Mid-Valley Title, Heidi Gomez Team.
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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 |
|---|---|---|---|
| Jun 4, 2025 | Sold | ||
| Sold | |||
| Apr 29, 2025 | In contract | - | |
| In contract | |||
| Oct 17, 2024 | Listed by Century 21 Select Paradise | $489,900 | |
| Listed by Century 21 Select Paradise | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017