307 Summit Bend
About This Property
This is a truly spacious, high-quality house. The living room feels open and welcoming, with high ceilings and a cozy, very charming stone fireplace! The office room is spacious enough to double as an extra bedroom if needed.
The generous primary bedroom offers views of the backyard. It boasts a large walk-in closet, while the en-suite bathroom features a walk-in shower and a separate soaking bathtub with a Jacuzzi function. The home's split layout also includes two well-sized bedrooms connected by a full bathroom for children or even a small apartment setup for elderly parents.
Upstairs, a very large second-floor room (and half bath) offers endless possibilities -perfect for hobbies, movie nights, or a cozy winter playroom.
Outside, there is a covered porch with a fireplace and gas line, a great setting for year-round gatherings. The backyard also features a concrete area for lounge chairs, or a pool where kids can splash and play. There is a secure ample shelter in the 3-car garage. Thoughtfully upgraded by the sellers, the home has hard flooring throughout, eliminating carpet to reduce allergens and make everyday cleaning effortless. Seller has done many other improvements to the property.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Jul 11, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Jul 1, 2026 | Relisted | $398,000 | |
| Relisted | |||
| Jun 19, 2026 | In contract | - | |
| In contract | |||
| Jun 11, 2026 | Price Decreased |
$398,000
↓ $500
(0.1%) | |
| Price Decreased | |||
| Apr 17, 2026 | Price Decreased |
$398,500
↓ $500
(0.1%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017