34 Upper Hillman Road
About This Property
An excellent opportunity for investors, renovators, and buyers looking to build equity. Tucked into the sought-after Hill Lake Estates community, this 2-bedroom, 2-bath property sits on a generous 0.60-acre lot with private lake rights, offering fishing, canoeing, and outdoor recreation.
This is a rare chance to capture value in one of Orange County's most desirable lake communities. The home already features an updated kitchen, two renovated bathrooms, hardwood and tile flooring, and cathedral ceilings - giving buyers a head start with real upside still available. Add personal finishing touches, expand the footprint, or reimagine the space to maximize value in a market where inventory in this community rarely lasts.
Whether the goal is a value-add investment, a renovation project, or a weekend lake retreat, this property delivers location, land, and lake access that's hard to replicate. Minutes from Warwick's downtown, wineries, orchards, restaurants, and commuter routes - this is a bring-your-vision opportunity in a location buyers are actively competing for.
Priced to move and ready for its next owner to unlock its full potential. Schedule a showing today.
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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 |
|---|---|---|---|
| Jul 21, 2026 | In contract | - | |
| In contract | |||
| May 12, 2026 | Listed by BHG Real Estate Green Team | $249,000 | |
| Listed by BHG Real Estate Green Team | |||
| Mar 18, 2022 | Sold | ||
| Sold | |||
| Jan 19, 2022 | Sold | ||
| Sold | |||
| May 10, 2021 | Listed by BHG Real Estate Green Team | $219,900 | |
| Listed by BHG Real Estate Green Team | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017