3 Choate Ln
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%.
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 8, 2025 | Temporarily off market | - | |
| Temporarily off market | |||
| Nov 15, 2025 | Relisted | $1,370,000 | |
| Relisted | |||
| Sep 25, 2025 | In contract | - | |
| In contract | |||
| Jun 7, 2025 | Price Decreased |
$1,380,000
↓ $30K
(2.1%) | |
| Price Decreased | |||
| Apr 30, 2025 | Listed by Redfin Corp. | $1,410,000 | |
| Listed by Redfin Corp. | |||
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Welcome to this sophisticated residence nestled in the Ipswich Country Club, where luxury meets leisure. The home's centerpiece is a dramatic sunken great room featuring a soaring 20+ foot floor-to-ceiling custom stone fireplace with panoramic views overlooking the 12th hole. The open floor plan connects the formal dining room and versatile music/family room. The chef's kitchen boasts an island with a separate dining area with a custom desk/bar. Every main level room opens to a multi-level deck overlooking the manicured fairways. An elegant bridal staircase leads to the primary suite with a formal dressing room, dual walk-in closets and luxurious bathroom beneath cathedral ceilings. Two additional bedrooms and a full bath complete the 2nd floor. A fully independent in-suite lower level offers its own kitchenette, full bath, bedroom and separate laundry. Experience the pinnacle of country club living with this meticulously crafted home where style and luxury converge!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017