38 Fairmount Rd
About This Property
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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 |
|---|---|---|---|
| Aug 1, 2025 | Sold | ||
| Sold | |||
| Jun 24, 2025 | In contract | - | |
| In contract | |||
| Jun 18, 2025 | Listed | $899,900 | |
| Listed | |||
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Move right in to this beautifully updated 4-bedroom home set on a large, private, wooded lot—your own peaceful retreat just minutes from Reading’s top amenities. The open-concept main level features a fully renovated kitchen, an updated half bath, a dedicated dining area, a flexible bonus space—perfect as a playroom or sitting room—and a spacious living room. Upstairs, you’ll find four comfortable bedrooms and a stylishly updated full bath. Step outside to your screened porch and back deck overlooking a serene, tree-lined backyard—ideal for summer entertaining or quiet evenings. Complete with a 2-car garage with storage above and close to Routes 28, 93, 95, the commuter rail, shops, restaurants, and Cal’s for ice cream.
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| Nov 7, 2016 | Sold | ||
| Sold | |||
| Aug 24, 2016 | Listed by Classified Realty Group | $499,900 | |
| Listed by Classified Realty Group | |||
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PRICE REDUCED...Custom built 4 bedroom Colonial with .57 acre lot in a great family neighborhood. Beautiful Hardwood Floors throughout 1st and 2nd floors. Crown moldings, built-ins, mantled fireplace in front to back living room. Wonderful Sun room to relax & enjoy. Sunny master bedroom & 3 additional bedrooms on 2nd floor. (see attached interactive floor plans). Full basement with fireplace and Natural Gas heat furnace (2007). 2 car garage with pull down staircase to large 2nd floor storage area. Take advantage of all the amenities of Reading, including the commuter rail, upscale restaurants, and newly renovated library which are a quick drive or walk from the house. Great location with easy access to Rte 28, 93 & Rte 95. just minutes away. Open House Saturday October 1st from 12 noon to 2 pm. Accepting offers up until 8 pm on Sunday 10-2.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017