35 Tamarack Drive
About This Property
This elegant 2,400 sq ft Colonial-style home offers a perfect blend of classic architecture and modern living. From the moment you step inside, you'll find thoughtful features designed for comfort and style. The heart of the home is a beautifully appointed custom kitchen, ideal for home chefs, which opens to a warm and inviting living area complete with a cozy fireplace. A back deck off the dinette provides a peaceful retreat overlooking scenic surroundings-perfect for morning coffee or evening relaxation.
Formal occasions are well-suited to the gracious living room, while the upstairs offers a private escape in the spacious primary suite, featuring a luxurious bath with a soaking tub, walk-in shower, and dual vanities. Three additional bedrooms provide flexibility for family, guests, or home office space.
Outside, an inviting front porch enhances the home's curb appeal. The two-car garage is smartly located underneath, with a half-unfinished basement offering room to grow or ample storage. This home is equipped with advanced heat pump systems, delivering year-round energy efficiency and comfort with lower utility costs and environmental impact.
Set in the picturesque Hudson Valley, Elm Farm Estates is a thoughtfully planned community of 52 brand-new homes with six distinct floor plans-from charming ranches to contemporary bi-levels. Each home is designed with spacious layouts, high-quality finishes, and customizable features to suit your lifestyle.
Enjoy a close-knit neighborhood feel with easy access to local shops, restaurants, and recreation. With I-84, I-87, and Metro North nearby, commuting is simple-just 60 miles to NYC. The growing city of Newburgh adds even more opportunity, with established businesses and continued development shaping the area's bright future.
Visit our website to learn more and view a 3D tour of Elm Farm Estates. PLEASE NOTE: THIS IS A BRAND-NEW SUBDIVISION AND MAY NOT YET APPEAR ON GPS OR MAPPING SYSTEMS. FOR ACCURATE DIRECTIONS, PLEASE REFER TO THE CROSS STREET: WELLS ROAD. MOST HOMES IN THE COMMUNITY ARE TO BE BUILT, BUT THREE MODEL HOMES ARE CURRENTLY AVAILABLE FOR VIEWING: THE ILAN, THE ELM, AND THE BIRCH.
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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 10, 2025 | In contract | - | |
| In contract | |||
| May 2, 2025 | Listed by eXp Realty | $599,000 | |
| Listed by eXp Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017