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248 Hemlock Drive
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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 |
|---|---|---|---|
| Oct 10, 2025 | Sold | ||
| Sold | |||
| Sep 12, 2025 | In contract | - | |
| In contract | |||
| Aug 2, 2025 | Price Decreased |
$595,000
↓ $54K
(8.3%) | |
| Price Decreased | |||
| Jul 4, 2025 | Listed by COLDWELL BANKER SKY RIDGE REALTY | $649,000 | |
| Listed by COLDWELL BANKER SKY RIDGE REALTY | |||
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Welcome to your perfect mountain retreat, nestled on a peaceful street in the charming Palisades neighborhood of Lake Arrowhead. Situated just a few blocks from the serene lakefront, this inviting 4-bedroom, 2-bathroom home effortlessly captures the essence of relaxed mountain living.
Enjoy the convenience of level parking and easy entry into a thoughtfully designed main level that features vaulted ceilings, creating an airy yet cozy ambiance. This floor includes a comfortable main living area and two inviting bedrooms. The spacious kitchen, complete with ample cabinetry and counter space, flows seamlessly into the dining area and leads directly to a backyard filled with impressive amenities.
Step onto the brand-new deck to discover your personal outdoor oasis, featuring multiple lounging spaces perfect for entertaining or quiet relaxation. The fully fenced yard provides added privacy and security, enhancing your outdoor enjoyment.
Upstairs, discover an ideal retreat for family and friends, featuring two additional bedrooms and a charming bathroom. One bedroom boasts a unique hidden loft area, adding a playful touch, while the lofted bedroom overlooks the main living area, enhancing the sense of openness.
Conveniently located near the scenic lake trail, accessible via John Muir Rd. or Palisades Dr., the home also places you moments away from the quaint mountain town of Cedar Glen, filled with charming shops and abundant outdoor recreation opportunities.
With lake rights, prime location, and an array of comfortable amenities, this home truly represents the ideal mountain getaway.
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| Sep 4, 2020 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017