3030 IONA TERRACE
About This Property
The living room, dining room, and substantial kitchen form the center of the main level. The rooms open into one another, so conversation can carry from the living room through dinner preparation, while the island adds sink space and seating for casual meals. Ample counters and storage make the kitchen as practical as it is connected to the rest of the house.
Refinished stairs, parquet flooring, and refinished original hardwoods upstairs carry the period character beyond the entry. All three bedrooms and the full bath are on the second floor, and the primary bedroom includes a walk-in closet. A rear laundry and mud room with a half bath opens to the yard, while the full unfinished basement adds storage and utility space.
The backyard is a developed part of the property, with a paved patio adjoining a level lawn, mature trees, and established planting beds. Plantings include daffodils, tulips, irises, hostas, mums, and canna lilies. Dinner can move outside on a good-weather evening, with the garden as the backdrop. A large shed/workshop provides real room for tools and weekend projects, and the generous private driveway extends toward it.
Iona Terrace sits within the Arcadia-Beverly Hills Historic District, where porches, lawns, generous setbacks and tree-lined streets give the neighborhood its early-suburban Baltimore character. On the fence about cooking dinner? Leave the car in the driveway and head over to Koco's for the oversized crab cakes it is known for. Harford Road adds local favorites like Zeke's Coffee, while Thursday evenings at The Lot bring the Main Street Market and neighborhood events into the weekly routine. When the better plan is getting outside, Herring Run offers wooded trails and green space nearby, and Lake Montebello gives you another favorite local spot for a walk, run or ride around the water.
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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 |
|---|---|---|---|
| Oct 9, 2026 | Price Decreased |
$349,900
↓ $5K
(1.4%) | |
| Price Decreased | |||
| Sep 19, 2026 | Price Decreased |
$355,000
↓ $5K
(1.4%) | |
| Price Decreased | |||
| Sep 4, 2026 | Listed by Red Cedar Real Estate, LLC | $359,900 | |
| Listed by Red Cedar Real Estate, LLC | |||
| Apr 28, 2020 | Sold | ||
| Sold | |||
| Mar 17, 2016 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017