309 Cherokee Circle
About This Property
Situated on about half an acre just minutes from downtown Madisonville, this home offers easy, mostly one-level living with beautiful mountain views right from the front porch. Inside, you'll find a comfortable and functional layout with the laundry currently relocated to the third bedroom for the convenience of having everything on the main level. Prefer the extra bedroom? No problem! The original laundry hookups remain in the basement, making it easy to convert the space back into a true third bedroom.
And speaking of the basement, it spans approximately the same footprint as the home, providing a TON of additional space for storage, a workshop, hobbies, or whatever else you can dream up.
Outside is where this property gets even more fun. Along with additional storage and wood sheds that remain with the property, there's a dedicated 'she shed' currently being used as an art studio with its own mountain views! Keep it as a creative retreat, turn it into a hobby space, home office, or simply claim it as your own little escape.
Affordable, functional, close to town, and full of potential, this one proves you don't need a huge house to have plenty of space to make your own!
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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 |
|---|---|---|---|
| Sep 17, 2026 | Sold | ||
| Sold | |||
| Aug 19, 2026 | In contract | - | |
| In contract | |||
| Aug 13, 2026 | Listed by Keller Williams | $230,000 | |
| Listed by Keller Williams | |||
| Feb 9, 2022 | No longer available | - | |
| No longer available | |||
| Dec 22, 2021 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017