373 Redwood Lane
About This Property
The main home features 2 bedrooms, a beautifully updated bathroom, a spacious living room, and an upgraded kitchen designed for both comfort and functionality & the main house was rebuilt with permits in 2021. The two bungalows were built in 1982. Enjoy the convenience of a separate laundry room and relax on the beautiful wooden deck, perfect for taking in the peaceful mountain surroundings.
In addition to the main home, the property includes a detached unit complete with its own kitchen, bathroom, and an upstairs loft area, offering flexibility for guests, rental income, or extended family. A third studio style unit also features its own kitchen and full bathroom, creating even more possibilities.
Step outside to enjoy a beautiful upstairs wooden deck, along with an additional storage area or bonus space to unwind and fully embrace mountain living. The large backyard provides plenty of room for entertaining, gardening, or simply enjoying the serene setting. This unique property is full of possibilities and is a must see. Schedule your showing today!
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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 |
|---|---|---|---|
| Jun 30, 2026 | Sold | ||
| Sold | |||
| Jun 6, 2026 | In contract | - | |
| In contract | |||
| May 20, 2026 | Listed by RE/MAX TIME REALTY | $367,000 | |
| Listed by RE/MAX TIME REALTY | |||
| Apr 3, 2022 | No longer available | - | |
| No longer available | |||
| Jan 19, 2022 | Price Decreased |
$465,000
↓ $30K
(6.1%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017