385 Vail Dr.
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.
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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 |
|---|---|---|---|
| Apr 4, 2025 | In contract | - | |
| In contract | |||
| Mar 28, 2025 | Listed | $294,900 | |
| Listed | |||
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Full of character, this classic 1870 farmhouse sits on 1.15 acres in a peaceful country setting, yet is just minutes from town. Each room exudes its own charm, starting with the inviting eat-in kitchen. It features a walk-in pantry, white cabinets, a subway tile backsplash, and a large peninsula with seating. The warm and cozy living room boasts a brick-surround fireplace with a wood-burning insert and gleaming refinished hardwood floors, which flow seamlessly into the 21x11' sunroom. Here, birdsong and natural light combine to create a serene atmosphere. The main floor also includes an updated full bath, a bedroom, and a convenient laundry area. Upstairs, you’ll find two spacious bedrooms: one with two closets and the other offering a closet and access to attic storage space. An enclosed porch functions as a mudroom, and two newer covered porches provide perfect spots for cookouts and relaxation. Storage is abundant in the full basement, and a stand-alone, four-person sauna offers a great way to unwind after a day of exploring Burke Mountain—now an Indy Pass resort— or the Kingdom Trails, both just a short drive away. VSU-Lyndon and Lyndon Institute are also less than a mile away. With vinyl siding, a metal roof for easy maintenance, and a hot-air oil furnace, this home is equipped for comfortable, year-round living. If you're looking for a home that combines history, modern comforts, and easy access to outdoor adventures, this farmhouse is definitely worth a closer look!
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| Oct 23, 2020 | Sold | ||
| Sold | |||
| Jun 26, 2020 | Listed by StoneCrest Properties, LLC2 | $149,900 | |
| Listed by StoneCrest Properties, LLC2 | |||
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Great old farmhouse with new roof, views and a nice homey feel to it! Walk into this welcoming kitchen and have a seat at the table! Living room is right around the corner for friends and family to get cozy, and on the bright cool days of winter enjoy some outside scenery on the awesome sun porch! Come take a look, this is a sweet home in a great location close to Lyndon Institute and right around the corner from NVU!
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| Jan 8, 2015 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017