3521 Song Sparrow Drive
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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%.
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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 3, 2025 | Sold | ||
| Sold | |||
| Aug 8, 2025 | In contract | - | |
| In contract | |||
| Jul 27, 2025 | Price Decreased |
$849,000
↓ $16K
(1.9%) | |
| Price Decreased | |||
| Jul 7, 2025 | Listed by Allen Tate/Wake Forest | $865,000 | |
| Listed by Allen Tate/Wake Forest | |||
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Dansforth Subdivision in the Heritage Area! This isn't your average home—it's one of the largest in the neighborhood and sits on a private .57 Acre lot! It's all about the details: think TONS of crown molding, built-ins and trim work that makes every room feel a little extra. There's space for everyone with 5 Bedrooms, multiple living areas, and a 3rd floor, perfect for Gameroom, Theatre or Home Gym. The kitchen will surely be the gathering place with the enormous island, a surplus of white cabinetry, gas range and coupled with a dining room that seats 14, this is the place to host! On the second level, you'll find 4 bedrooms +bonus, with the 5th bed/full bath on the main floor. Whoa! Look at the size of the primary bedroom area and you'll love that it has dual closets, dual sink areas, soaking tub, and an AMAZING BALCONY! Step outside on your deck and enjoy the privacy that will not disappoint and that Wake Forest doesn't always offer. The playground is already set up for backyard fun and there is plenty of room for a pool! Dansforth is an amazing subdivision with amenities already in place and connected to the Greenway that takes you to Heritage High School.This property is centrally located for easy access to 401 or Capitol. 2-10 Warranty! This is certainly a rare Wake Forest Gem!
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| Dec 2, 2021 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017