3948 CHERRY LANE
About This Property
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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 |
|---|---|---|---|
| Dec 18, 2025 | Sold | ||
| Sold | |||
| Nov 19, 2025 | In contract | - | |
| In contract | |||
| Nov 12, 2025 | Listed by Mackintosh, Inc. | $659,900 | |
| Listed by Mackintosh, Inc. | |||
| Sep 19, 2025 | Listed | $675,000 | |
| Listed | |||
| | |||
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This 4 Bedroom 4 Full Bath two-story has 3,892 Sq Ft of living space. The original owners of this well maintained home have made many updates through the years which include the kitchen & baths, and offers the most finished living space for the $$. Located in the highly sought after MIDDLETOWN school district this homes open floor plan has a large country kitchen that is adjacent to the family room with a fireplace. The perfect spot for large family gatherings. Enjoy the multiple living spaces , a formal dining room and living room with hardwood floors, a lower level rec-room with wet bar, mini fridge and full bath is the ideal setup for an in-law suite. The upper level includes a large owners bedroom suite with enormous closets / a cedar lined closet / multi purpose bonus room, and full bath with dressing area. There are 3 additional bedrooms and hall bath upstairs. Main level laundry off the family room in the den / office. There is large multi tier deck backing to the yard with panoramic mountain and countryside views. The nearly one acre lot is beautifully landscaped and backs to farmland offering the perfect blend of rural tranquillity yet minutes from the urban amenities.
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| Apr 19, 1989 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017